Daily Technical Forex Forecast 07.06.2019


EUR/USD

The Euro resumed growing the tested the level of resistance 1.1289 – 1.1302 yesterday, but could not break it out. On the other hand, the price is still trading near this mark, therefore, we can and should regard a scenario of the breakout of this level, which will allow us to open long positions.

The movement must be rapid and supported by the large volume, which will be a more reliable and accurate signal for entering the market. A stop loss should be placed below the breakout volume bar. A potential of the deal is more than 100 points.

GBP/USD

Nothing has changed here as the price is still located in the local range between 2 strong volume levels. The first one is the support 1.2568, the second one is the resistance 1.2796. Given the large volume, which is concentrated inside this range, we can open new positions only after the confident exit of the price from it.

Moreover, the breakout movement must be keen, rapid and supported by the large volume, which will be a more reliable signal for entering the market.

While the price is trading inside this consolidation, we’d better stay out of the market.

USD/JPY

The Yen corrected upwards and now is trading inside the local consolidation between 2 strong volume levels. They are the support 107.83 and the resistance 108.85. Therefore, we can open new positions only after the sharp and sure exit of the price from the range. The movement must be supported by the large volume, which will be a more accurate signal for entering the market.

While the price is trading within the range, we’d better stay out of the market.

USD/CAD

The Canadian dollar fell down and broke down the support level, which is a great bearish signal. The movement was rapid and supported by the large volume. Besides it, we need to point out the new resistance level 1.3408. Given all these factors, we should consider exceptionally short positions. We can enter the market after a smooth upward correction of the price, in order to get a better entry point. A stop loss should be placed above the resistance level. A potential of the deal is more than 90 points.

AUD/USD

The Australian dollar is still located near the level of resistance 0.7002. Hence, our previous scenario remains actual: we can regard a breakout of this mark, which will be a great bullish signal. The movement must be rapid, keen and supported by the large volume, which will be a more precise signal for entering the market. A stop loss should be placed below the breakout volume bar. A potential of the deal is around 70-80 points.

XAU/USD

The price is trading near the level of resistance/local maximum 1343.60. Given the presence of the strong local uptrend, we still may reckon a scenario of its breakout, which will allow us to open long positions.

The surge of the price must be confident, sharp and supported by the large volume, which will be a more secure signal for entering the market. A stop loss should be placed below the breakout volume bar. A potential of the deal is more than 150 points.

The sentiment: this technical indicator totally confirms all our trading scenarios (trading against the “crowd”), except the one with AUD/USD. Hence, we should be more careful trading this pair. As with GBP/USD and USD/JPY, we can open new positions only after the sharp exit of prices from ranges.

Having read this I thought it was extremely informative.
I appreciate you spending some time and energy to put this information together.

I once again find myself spending way too much time both reading and leaving comments.

But so what, it was still worthwhile!

Good day! This post couldn’t be written any better! Reading through this post reminds me of my previous room
mate! He always kept chatting about this. I will forward this post to him.
Fairly certain he will have a good read. Thank
you for sharing!

Magnificent goods from you, man. I have understand your
stuff previous to and you are just extremely fantastic. I actually
like what you’ve acquired here, certainly like what you are stating and
the way in which you say it. You make it entertaining
and you still care for to keep it wise. I can not wait
to read much more from you. This is really a wonderful website.

Levitra With Dapoxetine Reviews Misoprostol Over The Counter Cvs Cialis Quando Si Prende viagra Stendra Erectile Dysfunction Mail Order Pills Propecia Sefh

Do you mind if I quote a couple of your posts as long as I provide credit and sources back to your weblog?
My website is in the exact same niche as yours and my users would genuinely benefit from some of the information you present
here. Please let me know if this ok with you.
Thanks a lot!

What’s Going down i am new to this, I stumbled upon this I have found It positively useful and it has helped me out loads.
I am hoping to contribute & help different customers like its aided me.
Good job.

I do not even know the way I ended up here, however I assumed this
put up used to be good. I do not know who you’re but definitely you are going to a well-known blogger if you happen to are not already.
Cheers!

Pingback: Google

you’re really a good webmaster. The web site loading velocity is amazing.
It kind of feels that you’re doing any distinctive trick.

In addition, The contents are masterpiece. you have done a fantastic
task on this matter! natalielise plenty of fish

It’s a pity you don’t have a donate button! I’d without a doubt donate to this superb blog!
I guess for now i’ll settle for book-marking and adding your RSS feed to my Google account.
I look forward to brand new updates and
will talk about this site with my Facebook group. Talk soon!

If some one desires to be updated with hottest technologies after that he must be
visit this web site and be up to date every day. pof natalielise

Incredible! This blog looks exactly like my old one!
It’s on a totally different topic but it has pretty much the same layout and
design. Wonderful choice of colors!

Please let me know if you’re looking for a article writer for your site.
You have some really great articles and I feel I would be a good asset.
If you ever want to take some of the load off, I’d love to write some articles for
your blog in exchange for a link back to mine. Please shoot me an email if interested.
Regards! natalielise pof

I like the helpful information you provide in your
articles. I will bookmark your blog and check again here frequently.

I am quite certain I will learn many new stuff right here!
Best of luck for the next!

Its such as you read my mind! You seem to grasp so much about this, such as
you wrote the e book in it or something. I
feel that you can do with some p.c. to pressure the message
house a bit, but instead of that, this is magnificent
blog. A great read. I will definitely be back.

I have been exploring for a bit for any high-quality articles or weblog posts
on this sort of house . Exploring in Yahoo I ultimately stumbled upon this web site.
Studying this information So i am glad to express that I have an incredibly excellent uncanny feeling I
found out exactly what I needed. I such a lot surely will make sure to don?t overlook this
site and provides it a glance on a continuing basis.

Hi there! I just wish to offer you a huge thumbs up for your excellent information you have got right here on this post.
I will be coming back to your web site for more soon.

Having read this I believed it was really enlightening.
I appreciate you spending some time and effort to put this informative article together.
I once again find myself personally spending way too much time both reading and leaving comments.
But so what, it was still worth it!

I will immediately take hold of your rss
feed as I can’t in finding your email subscription hyperlink or newsletter service.

Do you have any? Please permit me understand so that I may just subscribe.
Thanks.

30 Comments

Leave a Reply

Your email address will not be published. Required fields are marked *