Technical Analysis On Major Currencies / Commodities By FXNET

FxNet

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EUR/USD - European Session:


The pair extended the positive trading, whereas it approached 61.8% correction at 1.3625 – 1.3630. The possibility of extending the upside move is valid today but the pair has to breach 1.3630 to trigger another bullish wave targeting 1.3705 and perhaps 1.3770 levels later. Anyhow, trading above 1.3500 is positive but consolidating above 1.3555 is required over intraday basis today to keep the bullish possibility.

Support: 1.3600, 1.3580, 1.3555, 1.3500, 1.3470
Resistance: 1.3630, 1.3660, 1.3705, 1.3745, 1.3770
Recommendation: Based on the above, buy the pair above 1.3605 targeting 1.3660, 1.3705 then 1.3770 and stop-loss at four-hour closing below 1.3555


GBP/USD - European Session:


The pair touched 127.2% Fibonacci level at 1.6370 then slightly dropped. But the current slight downside move is still limited above Linear Regression Indicators and the previous top at 1.6259 favoring the possibility of keeping the upside move valid, Trading above the referred to top is positive, but breaching 1.6370 could trigger a strong bullish rally today. We hold on to our positive expectations supported by the bullish technical classical formation showing on graph.

Support: 1.6325, 1.6305, 1.6260, 1.6205, 1.6165
Resistance: 1.6370, 1.6420, 1.6475, 1.6500, 1.6515
Recommendation: Based on the above, buy the pair above 1.6325 targeting 1.6370, 1.6475 and 1.6515, stop-loss at four-hour closing below 1.6240


USD/JPY - European Session:


The pair consolidated above Linear Regression Indicator 34 as it is gradually approaching the target at 103.10 represented in 161.8% correction as showing on graph. Despite that Stochastic is overbought, but we see negative signals showing keeping the bullish possibility valid. Breaking 101.65 could fail our expectations, otherwise the upside move remains intraday valid.

Support: 102.20, 102.00, 101.65, 101.15, 101.00
Resistance: 102.50, 102.80, 103.10, 103.50, 103.95
Recommendation: Based on the above, buy the pair around 102.25 targeting 102.50, 102.80 then 103.10 and stop-loss at four-hour closing below 101.60


EUR/JPY - European Session:


The pair settled above 139.00 supporting the suggested positive scenario in our recent reports. The pair was further supported with the breach of the ascending channel resistance shown on graph. We eye upside targets with the breach above 140.00 targeting 141.60 that require stability above 138.20.

**Trading range expected today is between the key support at 138.20 and key resistance at 141.60

Support: 138.65, 138.20, 137.50, 137.05, 136.65
Resistance: 139.50, 140.00, 140.55, 141.00, 141.65
Recommendation: Based on the above, buy the pair above 138.10 targeting139.50, 140.00 and stop-loss at four-hour closing below 137.05


GOLD - European Session:


Trading remained limited below 1252.00 yet above 78.6% correction at 1234.00 yesterday and still caught in the same range with the kick-start of trading Friday. This makes us prefer to remain on the sidelines as well today waiting for upside confirmation with a breach above 1252.00 resistance; while to the downside a breakout below 78.6% is required.

Support: 1240.00, 1234.00, 1220.00, 1200.00, 1180.00
Resistance: 1246.00, 1252.00, 1258.00, 1261.00, 1270.00
Recommendation: We prefer to remain on the sidelines waiting for more confirmations


SILVER - European Session:


Silver traded slightly higher yesterday and still seen with some gains today, but the upside move remains limited below the main resistance level of the descending wave that controlled trading this month. The MA 50 covers the movement from above and offering good resistance around 20.00 areas and accordingly we will depend on it to expect a downside move today.

Support: 19.70, 19.50, 19.20, 19.00, 18.70
Resistance: 19.80, 19.95, 20.10, 20.25, 20.60
Recommendation: Based on the above, sell silver with the breakout around 19.80 targeting 19.50, 19.00 then 18.70 and stop-loss above 20.10


Crude OIL - European Session:


Thin trading control crude futures since yesterday, hovering around 92.10 where the overall intraday and short-term bearishness prevail. We still depend on the descending channel shown on graph with bearish targets initially at 89.00 and require stability below 95.95.

** Short term Trend (Trends that last from two weeks to two months)
** Chart is based on GMT+2 timing

Notes:
*if price reaches within 20% from target before triggering entry, signal is canceled and not valid anymore.
*Support and Resistance levels should be treated as regions not precise numbers
**This analysis follows a discretionary approach(opposed to rule based), and thus outlook and views shall change regularly according to latest price input.

Support: 92.00, 91.50, 91.00, 90.60, 89.95
Resistance: 92.70, 93.00, 93.30, 93.65, 94.25
Recommendation: Based on the above, sell oil futures below 93.00 targeting 92.10, 91.50 and stop-loss above 93.70
 

FxNet

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Daily Technical Analysis from Fxnet June 12

EUR/USD

Trend Momentum (4H) MACD

Key Resistance Levels

Resistance levels 1.10400, 1.11707, 1.14142

Support Levels 1.08702, 1.07964, 1.06767

View Short trades at key resistance favored

USD/JPY

Trend Momentum (4H) MACD>0, Bullish

Key Resistance Levels

Resistance levels 124.853, 125.099, 125.380

Support Levels 124.319, 123.945, 123.655

View Long trades at key support favored

OIL (CRUDE)

Trend Momentum (4H) MACD

Key Resistance Levels

Resistance levels 61.61, 62.73. 63.71

Support Levels 58.90, 57.61, 56.707

View Long trades at key support favored

Gold Spot (XAUUSD 30m)

Trend Momentum(4H) MACD>0, Bearish

Key Resistance Levels

Resistance levels 1203.808, 1212.266, 1225.235

Support Levels 1175.050, 1160.433, 1143.428

View Short trades at key support favored

FTSE100 (30m)

Trend Momentum (4H) MACD

Key Resistance Levels

Resistance levels 7000.56, 7060.61, 7113.46

Support Levels 6904.48, 6849.24, 6805.44

View Long trades at key resistance favore
 
Last edited:

FxNet

Active member
137 0
Daily Technical Analysis

EURUSD intraday (30 min chart)

Trend Momentum (4H) MACD<0, Bullish

Key Resistance Levels

Resistance levels 1.13650, 1.14466, 1.16060

Support Levels 1.11313, 1.10453, 1.08540

View Long trades at key resistance favored

USDJPY (30m)

Trend Momentum (4H) MACD>0, Bullish

Key Resistance Levels

Resistance levels 124.000, 124.853, 125.380

Support Levels 122.614, 121.778, 120.795

View Long trades at key support favored

OIL (Crude 30m)

Trend Momentum (4H) MACD>0, Bearish

Key Resistance Levels

Resistance levels 61.64, 62.28, 62.69

Support Levels 60.37, 59.58, 58.23

View Short trades at key resistance favored

Gold Spot (XAUUSD 30m)

Trend Momentum(4H) MACD>0, Bearish

Key Resistance Levels

Resistance levels 1193.655, 1198.846, 1205.070

Support Levels 1171.104, 1163.616, 1154.6690

View Long trades at key support favored

FTSE100 (30m)

Trend Momentum (4H) MACD>0, Bearish

Key Resistance Levels

Resistance levels 6853.54, 6924.79, 7000.71

Support Levels 6752.60, 6658.23, 6627.50

View Short trades at key resistance favored
 

FxNet

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137 0
Technical Analysis 25/Jun

EUR/USD - European Session:


Trend Momentum*(4H) MACD<0, Bullish*

Key Resistance Levels

Resistance levels*1.14466, 1.16060, 1.18062

Support Levels*1.11313, 1.09477, 1.08158

View*Long trades at key support favored


USD/JPY (30M) - European Session:


Trend Momentum*(4H) MACD>0, Bearish

Key Resistance Levels

Resistance levels*124.275, 125.380, 126.500

Support Levels 121.778, 120.795, 119.829

View*Short trades at key resistance favored

Oil Crude (30 m)


Trend Momentum*(4H) MACD<0, Bearish

Key Resistance Levels

Resistance levels*61.64, 62.69, 64.20

Support Levels 59.58, 58.23, 56.95

View*Short trades at key resistance favored


Gold Spot (XAUUSD 30m)


Trend Momentum(4H) MACD>0, Bullish

Key Resistance Levels

Resistance levels*1205.792, 1214.932, 1228.719

Support Levels*1171.104, 1163.616, 1152.224

View*Long trades at key support favored


FTSE100 (30m)


Trend Momentum*(4H) MACD<0, Bearish

Key Resistance Levels

Resistance levels*6853.54, 6924.79, 7000.18

Support Levels*6726.62, 6658.23, 6627.50

View*Short trades at key resistance favored
 

FxNet

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137 0
Daily Technical Analysis from FxNet 26/Jun

EURUSD intraday (30 min chart):


Trend Momentum*(4H) MACD<0, Bullish

Key Resistance Levels

Resistance levels*1.14466, 1.16060, 1.18062

Support Levels*1.11313, 1.09477, 1.08158

View*Long trades at key support favored


USDJPY (30m)


Trend Momentum*(4H) MACD>0, Bearish

Key Resistance Levels

Resistance levels*124.275, 125.380, 126.500

Support Levels 121.778, 120.795, 119.829

View*Short trades at key resistance favored


OIL (Crude 30m)


Trend Momentum*(4H) MACD<0, Bearish

Key Resistance Levels

Resistance levels*50.48, 61.64, 62.69

Support Levels 59.58, 58.23, 56.95

View*Short trades at key resistance favored


Gold Spot (XAUUSD 30m)


Trend Momentum(4H) MACD>0, Bullish

Key Resistance Levels

Resistance levels*1205.792, 1214.932, 1228.719

Support Levels*1171.104, 1163.616, 1152.224

View*Long trades at key support favored


FTSE100 (30m)


Trend Momentum*(4H) MACD<0, Bearish

Key Resistance Levels

Resistance levels*6853.54, 6924.79, 7000.18

Support Levels*6726.62, 6658.23, 6627.50

View*Short trades at key support favored
 

FxNet

Active member
137 0
Daily Technical Analysis July 2nd

EURUSD intraday (30 min chart)


Trend momentum: (4H) MACD<0, Bearish
Key Levels:
Resistance levels: 1.1199, 1.1290, 1.1466
Support levels: 1.1127, 1.1054, 1.0964
View: Short trades at key resistances favored.



USDJPY (30m)


Trend momentum: (4H) MACD<0, Bearish
Key Levels:
Resistance levels: 123.18, 124.20, 124.83
Support levels: 122.36, 121.54, 120.52
View: Short trades at key resistances favored.



OIL (crude 30m)


Trend momentum: (4H) MACD<0, Bearish
Key Levels:
Resistance levels: 57.14, 57.20, 57.24
Support levels: 57.04, 57.00, 56.94
View: Short trades at key resistances favored.



FTSE100 (30m)


Trend momentum: (4H) MACD<0, Bearish
Key Levels:
Resistance levels: 6624.76, 6647.53, 6664.26
Support levels: 6585.26, 6568.53, 6545.76
View: Short trades at key resistances favored



Gold Spot (XAUUSD 30m)


Trend momentum: (4H) MACD<0, Bearish
Key Levels:
Resistance levels: 1167.24, 1168.17, 1168.64
Support levels: 1165.84, 1165.37, 1164.44
View: Short trades at key resistances favored
 

FxNet

Active member
137 0
Daily Market News by FxNet July 8th

EURUSD intraday (30 min chart):


Trend momentum: (4H) MACD<0, Bearish
Key Levels:
Resistance levels: 1.10453, 1.11313, 1.12048
Support levels: 1.08540, 1.07190, 1.06154
View: Short trades at key resistances favored.



USDJPY (30m)


Trend momentum: (4H) MACD<0, Bearish
Key Levels:
Resistance levels: 123.034, 124.000, 124.853
Support levels: 121.445, 121.778, 120.171
View: Short trades at key resistances favored.



OIL (crude 30m)


Trend momentum: (4H) MACD<0, Bearish
Key Levels:
Resistance levels: 53.86, 55.27, 56.65
Support levels: 51.90, 53.24, 49.15
View: Short trades at key resistances favored.



FTSE100 (30m)


Trend momentum: (4H) MACD<0, Bearish
Key Levels:
Resistance levels: 6490.70, 6539.25, 6578.80
Support levels: 6482.50, 6456.07, 6407.71
View: Short trades at key resistances favored



Gold Spot (XAUUSD 30m)


Trend momentum: (4H) MACD<0, Bearish
Key Levels:
Resistance levels: 1154.665, 1171.104, 1204.181
Support levels: 1144.085, 1123.493, 1189.738
View: Short trades at key resistances favored
 

FxNet

Active member
137 0
Daily Market News by FxNet July 10th

EURUSD intraday (30 min chart)


Trend momentum: (4H) MACD<0, Bearish
Key Levels:
Resistance levels: 1.11313, 1.12048, 1.12815
Support levels: 1.0453, 1.09857, 1.09295
View: Short trades at key resistances favored.



USDJPY (30m)


Trend momentum: (4H) MACD<0, Bearish
Key Levels:
Resistance levels: 122.179, 123.137, 123.838
Support levels: 121.445, 120.649, 120.171
View: Short trades at key resistances favored.



OIL (crude 30m)


Trend momentum: (4H) MACD<0, Bearish
Key Levels:
Resistance levels: 53.86, 55.27, 56.65
Support levels: 51.90, 53.24, 49.15
View: Short trades at key resistances favored.



FTSE100 (30m)


Trend momentum: (4H) MACD<0, Bearish
Key Levels:
Resistance levels: 6671.22,6715.21,6747.90
Support levels: 6490.70, 6539.25, 6578.80
View: Short trades at key resistances favored



Gold Spot (XAUUSD 30m)


Trend momentum: (4H) MACD<0, Bearish
Key Levels:
Resistance levels: 1171.104, 1204.181, 1221.226
Support levels: 1154.665, 1144.085, 1123.493
View: Short trades at key resistances favored
 

FxNet

Active member
137 0
Technical Analysis by FxNet

EURUSD intraday (30 min chart)


Trend momentum: (4H) MACD<0, Bearish
Key Levels:
Resistance levels: 1.12105, 1.10857, 1.09515
Support levels: 1.06591, 1.04828
View: Short trades at key resistances favored.


USDJPY (30m)


Trend momentum: (4H) MACD>0, Bullish
Key Levels:
Resistance levels: 125.819, 125.027, 124.424
Support levels: 123.624, 122.923, 121.812
View: Long trades at key support favored.


OIL (crude 30m)


Trend momentum: (4H) MACD<0, Bearish
Key Levels:
Resistance levels: 55.25, 53.86, 52.51
Support levels: 49.67, 48.40, 47.50
View: Long trades at key resistances favored.



Gold Spot (XAUUSD 30m)


Trend momentum: (4H) MACD<0, Bearish
Key Levels:
Resistance levels: 1204.181, 1171.104, 1128.570
Support levels: 1086.236, 1043.901, 1000
View: Long trades at key support favored.



FTSE100 (30m)


Trend momentum: (4H) MACD>0, Bullish
Key Levels:
Resistance levels: 6914.0, 6860.9, 6809.5
Support levels: 6732.6, 6678.2, 6621.3
View: Long trades at key resistances favored
 

FxNet

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FxNet Market News

Greek Prime Minister Alexis Tsipras is hoping to pass a second set of reforms required by the country’s lenders to kick start talks for another rescue package.

Until Wednesday night the reforms must be accepted by the government but the bump in the way will be Tsipras’ anti-EU Syriza party who rebelled last week when the first set of reforms was passed, votes from pro-EU opposition parties including ‘To Potami’ and ‘Pasok’ who have both said they would support the prime minister helped the reforms pass.

The EUR/USD pair rose to its one week high. Adding 24 percent the pair reached 1.0960 and consolidated at 1.0962. It is expected to find support at 1.0853 and resistance at 1.1036.

The euro was lower than the British Pound, and the EUR/GBP pair lost 0.23 percent trading at 0.7016.

Against the yen the euro was higher with the EUR/JPY pair adding 0.37 percent to trade at 135.39.

The dollar index fell 0.7 percent from a three month high of 98.151 reached on Tuesday, down to 97.304 by Wednesday 05:30 GMT.

Against the yen the dollar was higher than its one month high, the USD/JPY pair reached 124.48 in morning trade, it consolidated at 124.22. The pair was expected to find support at 123.95 and resistance at 124.63.

The AUD/USD pair added 0.15 percent to trade at 0.7431.

The Australian dollar towered over its U.S. counterpart in trading as it was supported by high consumer price data and a positive economic survey.

A stronger dollar, big companies like OPEC maintaining high production and Iran’s close re-entry to the oil market have all been pushing oil prices lower.

West Texas Intermediary (WTI) for September delivery on the New York Mercantile Exchange lost 0.51 percent and traded at 50.60 dollars a barrel.

Brent Crude for September delivery on the Intercontinental Exchange (ICE) was at 56.34 dollars a barrel.

Gold for August delivery on the Comex of the New York Mercantile Exchange lost 0.99 percent and traded at 1.092.60 dollars a troy ounce.

Elsewhere on the Comex silver for September delivery lost 0.59 percent to trade at 14.698 dollars a troy ounce, while copper for September delivery lost 0.84 percent to trade at 2.455 dollars a pound.
 

FxNet

Active member
137 0
FxNet Technical Analysis

EURUSD intraday (30 min chart)


Trend momentum: (4H) MACD<0, Bearish
Key Levels:
Resistance levels: 1.10920, 1.11900, 1.12589
Support levels: 1.09550, 1.08940, 1.08160
View: Short trades at key resistances favored.



USDJPY (30m)


Trend momentum: (4H) MACD>0, Bullish
Key Levels:
Resistance levels: 124.200, 124.450, 125.000
Support levels: 123.340, 122.950, 122.590
View: Long trades at key support favored.



OIL (crude 30m):


Trend momentum: (4H) MACD<0, Bearish
Key Levels:
Resistance levels: 51.25, 53.80, 55.00
Support levels: 46.95, 45.00, 42.00
View: Long trades at key resistances favored.


FTSE100 (30m)


Trend momentum: (4H) MACD<0, Bearish
Key Levels:
Resistance levels: 6680, 6745, 6810
Support levels: 6500, 6430, 6375.2
View: Short trades at key resistances favored.



Gold Spot (XAUUSD 30m)


Trend momentum: (4H) MACD<0, Bearish
Key Levels:
Resistance levels: 1110.000, 1130.000, 1145.670
Support levels: 1071.000 1050.000, 1.24.000
View: Long trades at key support favored.
 

FxNet

Active member
137 0
FxNet Technical Analysis

EURUSD intraday (30 min chart)


Trend momentum: (4H) MACD<0, Bearish
Key Levels:
Resistance levels: 1.10920, 1.11900, 1.12589
Support levels: 1.08940, 1.08160, 1.07495
View: Short trades at key resistances favored.



USDJPY (30m)


Trend momentum: (4H) MACD>0, Bullish
Key Levels:
Resistance levels: 124.450, 124.719, 125,
Support levels: 123.340, 122.950, 122.590
View: Long trades at key support favored.



OIL (crude 30m)


Trend momentum: (4H) MACD<0, Bearish
Key Levels:
Resistance levels: 46.54, 47.54, 48.05
Support levels: 45.28, 44.50, 43.55
View: Long trades at key resistances favored.


Gold Spot (XAUUSD 30m)


Trend momentum: (4H) MACD<0, Bearish
Key Levels:
Resistance levels: 1104.441, 1111.863, 1119.067
Support levels: 1081.084, 1071.921, 1062.251
View: Long trades at key support favored.



FTSE100 (30m)


Trend momentum: (4H) MACD<0, Bearish
Key Levels:
Resistance levels: 6745, 6810, 6895
Support levels: 6680, 6562, 6430
View: Short trades at key resistances favored.
 

FxNet

Active member
137 0
Technical Analysis by FxNet

EURUSD intraday (30 min chart)


Trend momentum: (4H) MACD<0, Bearish
Key Levels:
Resistance levels: 1.10879, 1.11134, 1.11324
Support levels: 1.09882, 1.09555, 1.09205
View: Short trades at key resistances favored.


USDJPY (30m)


Trend momentum: (4H) MACD>0, Bullish
Key Levels:
Resistance levels: 125.276, 125.550, 125.828
Support levels: 124.661, 124.407, 124.203
View: Long trades at key support favored.


OIL (crude 30m)


Trend momentum: (4H) MACD<0, Bearish
Key Levels:
Resistance levels: 45.91, 46.28, 46.84
Support levels: 42.80, 42.38, 42.04
View: Long trades at key resistances favored.



Gold Spot (XAUUSD 30m)


Trend momentum: (4H) MACD<0, Bearish
Key Levels:
Resistance levels: 1115.393 1119.025, 1122.314
Support levels: 1101.787, 1097.447, 1091.348
View: Long trades at key support favored.



FTSE100 (30m)


Trend momentum: (4H) MACD>0, Bearish
Key Levels:
Resistance levels: 6737.17, 6750.06, 6764.16
Support levels: 6704.95, 6694.08, 6686.02
View: Short trades at key resistances favored
 

FxNet

Active member
137 0
FxNet Technical Analysis

EURUSD intraday (30 min chart)


Trend momentum: (4H) MACD<0, Bullish
Key Levels:
Resistance levels: 1.16247, 1.17155, 1.18102
Support levels: 1.14509, 1.13951, 1.13453
View: Long trades at key support favored.


USDJPY (30m)


Trend momentum: (4H) MACD>0, Bearish
Key Levels:
Resistance levels: 120.259, 121.274, 122.340
Support levels: 118.200, 117.103, 116.097
View: Short trades at key resistance favored.


OIL (crude 30m)


Trend momentum: (4H) MACD<0, Bearish
Key Levels:
Resistance levels: 40.05, 40.50, 41.24
Support levels: 38.94, 38.44, 37.94
View: Short trades at key resistances favored.



Gold Spot (XAUUSD 30m)


Trend momentum: (4H) MACD<0, Bullish
Key Levels:
Resistance levels: 1144.966, 1157.856, 1169.702
Support levels: 1126.067, 1117.403, 1109.279
View: Long trades at key support favored.



FTSE100 (30m)


Trend momentum: (4H) MACD>0, Bearish
Key Levels:
Resistance levels: 66060.16 , 6107.10 , 6154.04
Support levels: 5942.92, 5855.34, 5767.86
View: Short trades at key resistances favored
 

FxNet

Active member
137 0
FxNet Technical Analysis

EUR/USD - European Session:


Trend Momentum*(4H) MACD<0, Bullish*

Key Resistance Levels

Resistance levels*1.13323, 1.13956, 1.14941

Support Levels*1.1`808, 1.10784, 1.09493

View*Long trades at key support favored


USD/JPY (30M) - European Session:


Trend Momentum*(4H) MACD>0, Bearish

Key Resistance Levels

Resistance levels*121.302, 122.366, 123.424

Support Levels 119.903, 119.043, 118.360

View*Short trades at key support favored

Oil Crude (30 m)


Trend Momentum*(4H) MACD<0, Bearish

Key Resistance Levels

Resistance levels*48.07, 50.26, 53.07

Support Levels 44.15, 42.02, 40.43

View*Short trades at key resistance favored


Gold Spot (XAUUSD 30m)


Trend Momentum(4H) MACD>0, Bullish

Key Resistance Levels

Resistance levels*1142.166, 1149.188, 1153.573

Support Levels*1137.055, 1130.825, 1124.799

View*Long trades at key support favored


FTSE100 (30m)


Trend Momentum*(4H) MACD<0, Bearish

Key Resistance Levels

Resistance levels*6114.70, 6242.56, 6339.76

Support Levels*6050.4, 5986.0, 5927.7

View*Short trades at key resistance favored
 
 
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