Monday, June 18, 2018

Market Analysis and Trading Recommendations for June 18, 2018

Today is the first day of trading after the holiday so we are waiting for the market trends, but it is remarkable that we are facing a basket of currencies trading below their monthly levels. The Euro is very much influenced by the statements of Mario Draghi. The GBP has not yet determined his next goals. Gold showed signs of weakness but did not collapse.
Our trading remains essentially technical and the trading recommendations are as follows


AUD USD
Support           0.7424
Resistance       0.7608
Recommendation        BUY   TP 0.7538        SL 0.7338
Time period                 2 days

EUR JPY
Support           127.68
Resistance       130.33
Recommendation        BUY   TP 129             SL 127
Time period                 one week

EUR USD
Support           1.5426
Resistance       1.18511
Recommendation        BUY   TP 1.1733        SL 1.1500
Time period                 one week        

GBP USD
Support           1.3210
Resistance       1.3445
Recommendation        BUY   TP 1.335          SL 1.3100
Time period                 one week

GBP JPY
Support           146.25
Resistance       147.85
Recommendation        BUY   TP 147.7          SL 145.80
Time period                 one week

USD JPY
Support          
Resistance      
Recommendation        Flat Now
Time period                

USD CHF
Support           0.98247
Resistance       0.99884
Recommendation        SELL              TP 0.99224      SL 1.00724
Time period                 One week

USD CAD
Support           1.29488
Resistance       1.32067
Recommendation        SELL  TP 1.31310      SL 1.32810
Time period                 3 days

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