Forex technical analysis of the 13/06/2017

Dear readers,

Each morning, the team Forex.fr offers you the technical analysis of the day to the main cross of the foreign exchange market for the meeting of the 13/06/2017.

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In this analysis we use the difference between two moving averages (MM) of 12 and 26 periods, as well as two technical indicators : the RSI and the MACD. For a better understanding of these instruments of technical analysis, you can refer to the articles in the training section here. In respect of macroeconomic events on the program this week, you can find more information in our weekly events calendar.

EUR-USD

1st resistance
2nd resistance
1 support
2nd support
MM 12/26
RSI
MACD

1.1215
1.1240
1.1190
1.1160
Drop
Neutral
Neutral

The activity was not very large on this cross for the first day of the week so that there was no economic publications to follow. The first indicator relative to the cross will be the index of producer prices US published on Tuesday afternoon.

AUD-USD

1st resistance
2nd resistance
1 support
2nd support
MM 12/26
RSI
MACD

0.7575
0.7605
0.7535
0.7500
Increase
Neutral
Increase

The scale of the chart may be misleading to analyze the evolution of this cross during the day of Monday. There is in fact no question of any movement exploitable but rather micro-complex variations to anticipate, so that the scale represents only 10 pips, a level at which this cross is not accustomed to.

USD-JPY

1st resistance
2nd resistance
1 support
2nd support
MM 12/26
RSI
MACD

109.80
110.21
109.42
109.00
Drop
Neutral
Neutral

After a contraction of the course on the day, the trend seems to be recovering and the course are currently working on the resistance of 109.80, that could quickly change the polarity to become a support. The approach of the opening of the asian markets should help to boost this cross, which will intensify the current test.

EUR-JPY

1st resistance
2nd resistance
1 support
2nd support
MM 12/26
RSI
MACD

123.23
123.63
122.80
122.40
Drop
Neutral
Drop

The trend is relatively similar to that of the cross and the previous one on the euro-yen, even if the rebound of the end of the downward trend seems to be less powerful. A test will also definitely take place on the first resistance and determine if a departure uptrend is in progress or not, in the early hours of the day Tuesday.

GBP-USD

1st resistance
2nd resistance
1 support
2nd support
MM 12/26
RSI
MACD

1.2700
1.2760
1.2650
1.2600
Drop
Neutral
Neutral

After a gap bearish very important and a stagnation of the necks in the form of consolidation, the british pound has fallen again several tens of pips to reach under the 1.2700. The day Tuesday is expected to be more agitated with the resumption of economic publications.

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