Forex technical analysis of the 14/06/2017

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 14/06/2017.

To put all the chances on your side, don’t forget to check our Forex charts in real-time.

And most importantly, don’t forget to place your orders! Good trading session to all!

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
Neutral
Neutral
Neutral

The index of producer prices US was not different to the level anticipated by the consensus of analysts, which had the consequence of creating a non-event on the cross. Variations of this cross have been very low and the prices are not out of the range initial, limiting the opportunities for trades.

AUD-USD

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

0.7560
0.7605
0.7525
0.7500
Drop
Neutral
Drop

Volatility remained low on this cross with a new day with variations less significant, as evidenced by the scale of the graph (20 pips only). However, it was possible to take advantage of the downward movement following the course on a timeframe lower and protecting positions while laying down objectives quickly achievable.

USD-JPY

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

110.21
110.56
109.80
109.42
Neutral
Neutral
Neutral

In the absence of events, politico-economic, the course of this cross have printed no trend on Tuesday, resulting in the day being particularly interesting for the traders. The three technical indicators that we use are waiting for the start of a trend, forcing traders to be patient.

EUR-JPY

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

123.23
123.63
122.80
122.40
Neutral
Neutral
Neutral

The graphic representation of this cross may suggest that the day has been hectic, but again it is necessary to relativize the extent of the movements compared to the display scale of the graph, while the spread of this cross is not to be overlooked. Traders the more experienced will be able to take advantage of the rise that occurred in less than an hour at the opening of the european markets.

GBP-USD

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

1.2760
1.2800
1.2700
1.2650
Increase
Increase
Increase

After a stagnation during yesterday, the british currency took advantage of the day Tuesday to gain ground against the US dollar with an increase of almost 100 pips. Many publications, and announcements will follow to the cross this Wednesday, which should mechanically increase the volume of trade and thus the volatility. It will be a question of determining if the uptrend can continue or not for a return to close to 1.28.

Добавить комментарий