Daily Technical Forex Forecast 19.06.2018


TriumphFX-YouTube-Backround

EUR/USD

As expected, the Euro smoothly corrected upwards on the small volume yesterday, so our previous scenario is still actual: short positions can be opened after a stoppage of the upward price correction and a resumption of the sharp fall. A stop loss should be placed just above the resistance level 1.1665 – 1.1680. The potential of the deal is about 110-120 points.

sell euro

GBP/USD

The Pound resumed falling and is located near the level of support/local minimum of 1.3221 at the moment. Hence, we can regard a breakdown of this mark, which will be a great bearish signal. The breakout movement must be sure and supported by the large volume, which will be a more reliable signal for entering the market. A stop loss should be placed just above the breakdown volume bar. The potential of the deal is more than 150 points.

sell gbp

USD/JPY

The Yen was currently trading in the small local consolidation just below the resistance level/local maximum of 110.83, but then started correcting down. Therefore, we can consider purchases only after the resumption of the price growth and the sure breakout of the resistance level on the large volume, which will insure us against a false movement. A stop loss must be located below the breakout volume bar. The potential of the deal is more than 100 points.

If the price continues its correction downwards, it is better to stay out of the market.

buy jpy

USD/CAD

The pair went on its growth, but the move was on the small volume, which does not consent us to point out a new level or zone. However, given the local uptrend, we should give advantage to long positions. We can enter the market after a small price correction and the resumption of the growth on the large volume, which will be a more accurate signal for entering the market. A stop loss should be placed at the beginning of this movement. The potential of the deal is more than 120 points.

buy cad

AUD/USD

The Australian dollar showed a smooth drop on the small volume, so we can’t point out a new level or zone. However, giving the presence of a strong local downtrend, we should give advantage to short positions. Sales can be opened after a smooth correction of the price up and the resumption of the rapid sink on the large volume, which will be a more secure signal for entering the market. A stop loss should be located just above beginning of the sink. The potential of the deal is about 80-90 points.

sell aud

XAU/USD

Gold began correct during the Asian session, but it should be noted that the growth was at a very small volume, so we cannot consider purchases at the moment. Moreover, given the previous drop in the price on the large volume and the presence of a strong resistance level of 1287.40 – 1289.40, we should give preference to short positions.

Sales can be opened after price correction to the resistance level in order to obtain a more advantageous entry point. A stop loss should be placed just above the level of 1293.00. The potential of the deal is more than 150 points.

sell gold eng

The sentiment:  this indicator fully confirms all trading signals, which is an excellent additional signal.

sentiment


Warning: count(): Parameter must be an array or an object that implements Countable in C:\WebApps\analysis.tfxi.com\wp-includes\class-wp-comment-query.php on line 405