EUR/USD analysis for June 14, 2017 888011000 110888 Recently, the EUR/USD has actually been trading sideways at the rate of 1.1203. They analysis from the other day is still active. Inning accordance with the H1 timespan, I discovered the bullish Wolfe Wave pattern and covert bullish divergence on the moving average oscillator. My guidance is to see for potential purchasing opportunities. The upward targets are set at the costs of 1.1350 and 1.1400. Resistance levels: R1: 1.1220 R2: 1.1223 R3: 1.1225 Assistance levels: S1: 1.1214 S2: 1.1212 S3: 1.1210 Trading recommendations for today: watch for prospective buying opportunities.The product has been provided by InstaForex Company-www.instaforex.com

By | June 14, 2017

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Recently, the EUR/USD has been trading sideways at the price of 1.1203. They analysis from yesterday is still active. According to the H1 time frame, I found the bullish Wolfe Wave pattern and hidden bullish divergence on the moving average oscillator. My advice is to watch for potential buying opportunities. The upward targets are set at the prices of 1.1350 and 1.1400.

Resistance levels:

R1: 1.1220

R2: 1.1223

R3: 1.1225

Support levels:

S1: 1.1214

S2: 1.1212

S3: 1.1210

Trading recommendations for today: watch for potential buying opportunities.

The material has been provided by InstaForex Company – www.instaforex.com

Jonathon Alexander

Technical analysis of USD/CHF for June 14, 2017 888011000 110888 Overview: The USD/CHF pair has actually sold a downwards from the level of 0.9733 since 2 days. The marketplace appears stable for that there are no modifications in our technical outlook. The predisposition remains bearish in the closest term screening 0.9620 or lower. The bottom price is seen at 0.9620. The trend has actually rebounded from the bottom of 0.9620 to the level of 0.9716. The strong resistance has already formed at the level of 0.9733 and the pair is most likely to attempt to approach it in order to test it again. Nevertheless, if the set cannot travel through the level of 0.9733, the marketplace will show a bearish opportunity below the new strong resistance level of 0.9733(the level of 0.9733 accompanies a ratio of 23.6%Fibonacci). General I still choose a bearish situation at this phase. For this reason, the marketplace is indicating a bearish opportunity listed below 0.9733 so it will ready to cost 0.9733 with the very first target of 0.9620. It will also call for a sag in order to continue to 0.9560. The daily strong support is seen at 0.9560. On the other hand, the stop loss ought to always be taken into account, for that it will be affordable to set your stop loss at the level of 0.9803 (resistance 2). The product has been provided by InstaForex Business -www.instaforex.com

By | June 14, 2017

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Overview:

  • The USD/CHF pair has traded in a downwards from the level of 0.9733 since two days. The market seems stable for that there are no changes in our technical outlook. The bias remains bearish in the nearest term testing 0.9620 or lower. The bottom price is seen at 0.9620. The trend has rebounded from the bottom of 0.9620 towards the level of 0.9716. So, the strong resistance has already formed at the level of 0.9733 and the pair is likely to try to approach it in order to test it again. However, if the pair fails to pass through the level of 0.9733, the market will indicate a bearish opportunity below the new strong resistance level of 0.9733 (the level of 0.9733 coincides with a ratio of 23.6% Fibonacci). Overall I still prefer a bearish scenario at this phase. Hence, the market is indicating a bearish opportunity below 0.9733 so it will be good to sell at 0.9733 with the first target of 0.9620. It will also call for a downtrend in order to continue towards 0.9560. The daily strong support is seen at 0.9560. On the other hand, the stop loss should always be taken into account, for that it will be reasonable to set your stop loss at the level of 0.9803 (resistance 2).

The material has been provided by InstaForex Company – www.instaforex.com

Jonathon Alexander

Day-to-day analysis of GBP/JPY for June 13, 2017 888011000 110888 Summary The GBP/JPY set handled to reach 139.00 levels the other day accomplishing the formerly expected negative target and ending negative trading by dealing with old support at 138.60. Inning accordance with the chart, the price forms a positive rebound that might be the beginning of new bullish predisposition in case this assistance line remains intact during existing trading. For that reason, we expect the bullish bias conditioned by attaining the mentioned conditions. We likewise expect the cost to rally towards 141.70 levels and face the moving typical 55, while a breach of it will extend trading to 143.35 followed by 145.45 levels. The expected trading range for today is in between 138.70 and 141.70. The material has been supplied by InstaForex Business-www.instaforex.com

By | June 13, 2017

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Overview

The GBP/JPY pair managed to reach 139.00 levels yesterday achieving the previously expected negative target and ending negative trading by facing old support at 138.60. According to the chart, the price forms a positive rebound that might be the beginning of new bullish bias in case this support line remains intact during current trading. Therefore, we expect the bullish bias conditioned by achieving the mentioned conditions. We also expect the price to rally towards 141.70 levels and face the moving average 55, while a breach of it will extend trading towards 143.35 followed by 145.45 levels. The expected trading range for today is between 138.70 and 141.70.

The material has been provided by InstaForex Company – www.instaforex.com

Jonathon Alexander

Daily analysis of Gold for June 13, 2017 888011000 110888 Overview The gold cost crawls calmly to the downside approaching the awaited support at 1,254.56 and keeping the bearish predisposition active for today, which is also supported by the EMA50 that pushes the rate adversely. We are awaiting a bullish rebound after evaluating 1,254.56 and 1,249.94 levels to resume the primary bullish trend. On the other hand, you should be aware that a break of the pointed out levels will push the price to 1,229.32 prior to any new attempt to rise, while a breach of the 1,277.00 represents the crucial to restoring the primary bullish pattern and stopping the present negative pressure. The anticipated trading range for today is in between the 1,249.94 support and the 1,277.00 resistance. The product has actually been offered by InstaForex Business-www.instaforex.com

By | June 13, 2017

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Overview

The gold price crawls calmly to the downside approaching the awaited support at 1,254.56 and keeping the bearish bias active for today, which is also supported by the EMA50 that pushes the price negatively. We are waiting for a bullish rebound after testing 1,254.56 and 1,249.94 levels to resume the main bullish trend. On the other hand, you should be aware that a break of the mentioned levels will push the price to 1,229.32 before any new attempt to rise, while a breach of the 1,277.00 represents the key to regaining the main bullish trend and stopping the current negative pressure. The expected trading range for today is between the 1,249.94 support and the 1,277.00 resistance.

The material has been provided by InstaForex Company – www.instaforex.com

Jonathon Alexander

Day-to-day analysis of Silver for June 13, 2017 888011000 110888
Introduction The silver cost continues trading downwards below the 17.00 barrier, enhancing the expectations for achieving more down targets that test 16.56 levels generally. It points to the steadiness of this level versus the unfavorable pressure that will help the price resume the main bullish trend. Therefore, the bearish bias will stay favored for today unless breaching and holding above 17.43 levels, where a breach of this level will leads the price to attain favorable targets that start at 18.30 primarily. The anticipated trading range for today is between the 16.70 assistance and the 17.10 resistance. The product has
been supplied by InstaForex Business- www.instaforex.com

By | June 13, 2017

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Overview

The silver price continues trading downwards below the 17.00 barrier, reinforcing the expectations for achieving more downward targets that test 16.56 levels mainly. It points to the steadiness of this level against the negative pressure that will help the price resume the main bullish trend. Therefore, the bearish bias will remain preferred for today unless breaching and holding above 17.43 levels, where a breach of this level will leads the price to achieve positive targets that begin at 18.30 mainly. The expected trading range for today is between the 16.70 support and the 17.10 resistance.

The material has been provided by InstaForex Company – www.instaforex.com

Jonathon Alexander