Forex Economy

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Wednesday, June 17, 2015

Technical Outlook for DOW 17-6-2015

11:38 AM

Unknown

Technical Outlook for DOW 17-6-2015

Dow Jones moved yesterday in the average movement of 228 pips,
its highest level at 17919 and the lowest Level at 17688 and closed at 17909 to Gain 118 pips,
according to positive of building permits from USA.
Dow opened today's trading at volatile between 17907 and 17951 during the Asian session trading at 44 pips for the poor liquidity in the market range, and in the European session the pair went up to 17976.
Dow moves in a series of up impulse waves after breaking the price channel.
It is expected that the oil is heading targeting 18070 as the target on time frame of four hours and till now we see the Bulls control on market direction
And the Relative Strength Indicator "RSI" show us accumulation operations at the market
Today we could see sharp trading because of the economic data from USA
Support levels: 17758 and 17607 and 17527
Resistance levels: 17989 and 18069 and 18220

For More Technical Outlook fxstations

Technical Outlook for EURJPY 17-6-2015

11:29 AM

Unknown

Technical Outlook for EURJPY 17-6-2015

Usd/Jpy pair moved yesterday in the average price movement of 52 PIPs, it recorded the highest level at 123.80 and the lowest levels at 123.29 levels and closed at 123.37 close to opining price. According to the yesterday’s economic data.

The pair opened today at 123.37 oscillatory between 123.35 and 123.60 in average 24 pip and in the European session the pair went up to 123.71.

The pair broke the price channel last week to start a new down wave,

It is expected that the pair Usd against the Jpy will go to targeted level at 122.50 in the next few hours.

And today at 19:00 we are looking for FOMC Economic Projections and Federal Funds Rate.

And the Relative Strength Indicator "RSI" show us distribution operations at the market and the control of Bears on the market

Medium term trend: down

Support levels: 123.17 and 122.97 and 122.66

Resistance levels: 123.68 and 123.99 and 124.19

For More Technical Outlook Fxstations

Technical Outlook for Gold 17-6-2015

11:22 AM

Unknown

Technical Outlook for Gold 17-6-2015

Gold moved yesterday in the average movement of 118 PIPs, its highest level at 1187.73 and the lowest price at 1175.91 and closed at 1181.36 to lose 40 according to positive of building permits from USA.

Gold opened today's trading at volatile between 1179 and 1182 during the Asian session trading at 3 dollars for the poor liquidity in the market range, and in the European session the gold went down to 1177.

Gold moves in a series of down impulse waves after breaking the parallel price channel.

We saw yesterday the gold achieved our target at 1185.

It is expected that the yellow metal is heading targeting 1190 as the target on time frame of four hours and till now we see the Bulls control on market direction and the Bears waits the first Resistance to enter the market

And the Relative Strength Indicator "RSI" show us accumulation operations at the market

Today we could see sharp trading because of the economic data from USA

Support levels: 1175.60 and 1169.84 and 1163.78

Resistance levels: 1187.42 and 1193.48 and 1199.24

For More Technical Outlook fxstations

Technical Outlook for USDJPY 17-6-2015

11:15 AM

Unknown

Technical Outlook for USDJPY 17-6-2015

Usd/Jpy pair moved yesterday in the average price movement of 52 PIPs, it recorded the highest level at 123.80 and the lowest levels at 123.29 levels and closed at 123.37 close to opining price. According to the yesterday’s economic data.

The pair opened today at 123.37 oscillatory between 123.35 and 123.60 in average 24 pip and in the European session the pair went up to 123.71.

The pair broke the price channel last week to start a new down wave,

It is expected that the pair Usd against the Jpy will go to targeted level at 122.50 in the next few hours.

And today at 19:00 we are looking for FOMC Economic Projections and Federal Funds Rate.

And the Relative Strength Indicator "RSI" show us distribution operations at the market and the control of Bears on the market

Medium term trend: down

Support levels: 123.17 and 122.97 and 122.66

Resistance levels: 123.68 and 123.99 and 124.19

For More Technical Outlook fxstations

Technical Outlook for GBPUSD 17-6-2015

11:04 AM

Unknown

Technical Outlook for GBPUSD

Gbp/Usd pair move yesterday in the average price movement of 111 PIPs, it records the highest level at 1.5654 the lowest levels at 1.5542 levels and closed at 1.5648 levels to Gain 51 pips according to the yesterday’s economic data.

The pair opened today at 1.5648 oscillatory between

the 1.5625 and the 1.5651 levels during the Asian session in a

trading average 26 pips for the poor liquidity in the market...

The pair is moving in a series of down corrective waves and till now the pair settled above 1.55.

And now the pair is trading close to our yesterday’s target at 1.5680

It is expected that the pair Pound against the dollar will go to targeted level at 1.5740 in the next few hours According to economic data today.

And in we are looking for at 09:00 for Average Earnings Index, Claimant Count Change and MPC Official Bank Rate Votes

And the Relative Strength Indicator "RSI" show us accumulation operations at the market and the control of Bulls on the market

Medium term trend: up

Support levels: 1.5575 and 1.5502 and 1.5463

Resistance levels: 1.5687 and 1.5726 and 1.5799

For more Technical Outlook fxstations

Technical Outlook for Eur-Usd 17-6-2015

9:43 AM

Unknown

Eur/Usd pair moved yesterday in the average price movement of 124 PIPs, it recorded the highest level at 1.1330 and the lowest at 1.1205 and closed at 1.1245 to lose 35 PIP according to positive of building permits from USA.

The pair opened today at 1.1245 oscillatory between the 1.1239 and the 1.1266 levels during the Asian session in a trading average of 27 pips for the limitation of the market liquidity, and in the European session the pair went up to 1.1278 and till now we continue to keep our expectations that the pair will achieve our target at 1.1410

The pair is moving in a series of up impulse waves in a Parallel price channel.

It is expected that the pair eur /usd will reach the targeted level at 1.1410 in the next few hours, and we saw the pair finished the correction.

And today at 19:00 we are looking for FOMC Economic Projections and Federal Funds Rate.

The Relative Strength Indicator "RSI" reveals that the accumulation operations at the market and the control of Bulls on the market.

Medium term trend: UP

Support levels: 1.1190 and 1.1135 and 1.1065

Resistance levels: 1.1315 and 1.1385 and 1.1440

For more Technical Outlook Fxstations .