Daily Technical Forex Forecast 21.06.2018


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EUR/USD

After the test of the support/local minimum level 1.1543, the Euro adjusted upwards, but later again resumed its fall. Now the price is trading near this mark, so we can consider the scenario of the breakdown of support, which will be an excellent bearish signal and allow us to open short positions with this currency pair.

volume euro eng
We can enter the market after a sharp and confident breakdown of the level of 1.1543 on the large volume, which will be a more accurate signal for entering the market and will insure us against a false breakdown. A stop loss should be placed just above the breakdown volume bar. The potential of the deal is more than 100 points.

sell euro eng

GBP/USD

We need to point out the new support level of 1.3153 with the Pound, which contains the increased volume. The pair adjusted upwards after its creation, but then resumed falling and is testing this mark now, so we can regard the scenario of its breakdown, which will be a strong bearish signal.

volume gbp

The breakout move should be abrupt and supported by the large volume, which will insure us against a false breakdown and will be a more precise signal for opening short positions. 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 resumed rising yesterday. Besides it, the upward move was keen and supported by the large volume, which is an excellent bullish signal. However, we can open long positions only after a sure and abrupt breakout of the resistance level/upper limit of the local consolidation 110.83. The movement must be supported by the large volume. A stop loss must be located below the breakout volume bar. The potential of the deal is 110-120 points.

buy jpy

USD/CAD

The price continued growing yesterday, but unfortunately, the move was on the small volume, so we cannot allocate any new level or zone. Nevertheless, given the strong uptrend, we should give advantage to long positions.

We can enter the market after a small correction of the price down and the resumption of the rise on the large volume, which will be a more secure signal for opening purchases. A stop loss should be placed under the beginning of the keen movement. The potential of the deal is more than 120 points.

buy cad

AUD/USD

The Australian dollar resumed its drop after a smooth correction of the price up and is testing the support level/local minimum 0.7360 at the moment. Hence, we can regard the scenario of a breakdown of this mark, which will be a great bearish signal.

The breakdown movement should be sure and supported by the large volume, which will be a more precise and secure signal for entering the market. A stop loss should be located just above the breakdown volume bar. The potential of the deal is about 80 points.

sell aud

XAU/USD

The price demonstrated a sharp sink and broke down the previous level of support yesterday, which is a good bearish signal. However, the breakdown movement was on the small volume, so we cannot open sales at the moment.

volume gold

It is necessary for an appearance of the additional confirmation signal – the continuation of the fall, but the move must be on the large volume. A stop loss should be located a little above this movement. The potential of the deal is more than 150 points.

sell gold

The sentiment: the mood of the market totally affirms all our trading scenarios, which is an excellent additional signal.

sentiment


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