Forex technical analysis of the 15/06/2017

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 15/06/2017.

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

1.1240
1.1265
1.1215
1.1190
Increase
Neutral
Neutral

The publications of the united states have strongly impacted the course of the Forex two times. First, with disappointing figures for inflation and retail sales, then with a catch-up courses following the increase of 0.25 pts rates by the FED.

AUD-USD

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

0.7605
0.7635
0.7560
0.7525
Increase
Neutral
Neutral

The observation of the cross preceding, and of the impact of the two batches of publications was also represented on the cross, always with significant volatility during which translated to a hesitation still present. It will be necessary to monitor the opening of the asian markets that will see the volumes of trade relative to the australian dollar mechanically increase, which may lead to interesting variations of this cross.

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
Drop

The impact of the publications of economic figures for inflation and retail sales, both of which are in significant decline, contrary to the estimates of analysts, will finally had a more significant impact than the monetary policy actions of the FED on the course. This can be explained by the fact that the traders the most active on the cross certainly had a greater majority of anticipated rate increases from the FED, the effect of which was probably partly integrated in the course.

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

Finally on the cross, the decisions of the FED have not had any real impact on the course, so that the monetary policy decisions of the most powerful central bank are usually in every cross, even those that do not contain the US dollar. However by transfer of volatility and balancing to avoid arbitrage opportunities, the euro-yen were relatively strongly fluctuated in early afternoon, around publications of inflation and retail sales US.

GBP-USD

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

1.2760
1.2800
1.2700
1.2650
Increase
Neutral
Neutral

Although graphically the variations of the cross appear to be much less significant than on the other cross, it is necessary to put the movement in link with the scale of the graph that does not represent less than 50 pips. The final impact on the day to nearly zero for the course of this cross so that it was possible to take advantage of the two main movements, by using graphs to the timeframe smaller.

Добавить комментарий