EUR/USD: review for 12.06.2015

12 June, 2015

General overview

The traders' attention was focused on the US statistics. The May retail sales report will determine the US consumer activity on the eve of the US Federal Reserve meeting on the 17 of June. Leading indicators point out to the positive data output. The May retail sales report showed a growth by 1.2%.

There was a false resistance level of 1.1260 breakthrough that is a good signal towards the downward trend continuation.

The price is finding the first support at 1.1150, the next one is 1.1050. The price is finding the first resistance at 1.1260, the next one is at 1.1450.

There is a confirmed and a strong buy signal. The price is above the Cloud and it is above the Chinkou Span. The Tenkan-sen shows a downward movement and the Kijun-sen shows a horizontal movement. The upward movement will be until the price is above the Cloud.

The MACD indicator is in a positive territory. The price is correcting.

Trading recommendations

The buyers need to break above 1.1260 for a steady growth. The way to the marks 1.1450, 1.1675 will be opened after this breakthrough.


Source link  
Gold prices retreated from three week high

Buyers attempt to reclaim 1250 dollars per ounce on Wednesday failed. The price just touched the level and immediately...

Gold prices remained in green

Gold prices were neutral staying in a flat on Friday. After the recent rally buyers preferred to consolidate their gains. The 4 hours chart showed that the price was trading around the 100 and 200 EMAs...

Gold received a minor support

The night recovery stalled around 1205 dollars per ounce. After reaching the mentioned mark gold futures...


Gold prices were neutral on Tuesday

Gold prices were neutral on Tuesday flirting with the 1200 handle in the early trades. The yellow metal was moving back and forth in a tight range between 1205 and 1200 the first part of the day. A fresh buying interest emerged in the late European session. The spot pushed away from 1200...

Oil prices dropped on Thursday

Brent pulled back a bit during the Asian hours and reversed a minor portion of its Wednesday's losses. Buyers were able to return the price to the 53.50 region where the benchmark ran through fresh offers...

Brent remained well offered

Brent remained well offered on Wednesday. Oil prices have been under intense selling pressure since Tuesday. The price was quite yesterday after the recent sell-off. Sellers pushed black gold to 55.50 dollars per barrel and held the benchmark within the level...


Oil prices continued its decline

Brent maintained its gloomy tone on Thursday. After an Asian flat sellers...

Gold weakened after Fed officials hawkish comments

ulls gave up control on Tuesday. Bears took the ball and pushed the precious metal lower. The XAU/USD broke 1250 dollars per ounce during the early hours on Wednesday. The price continued moving...

Gold opened the week inside of a consolidation zone

A close below the support at 1250 could see XAU/USD extend its declines down to 1240. Nevertheless, the upward structure remained in place. The lower limit of the upward channel lies around 1240. Buyers may find fresh bids around the level...

  


Share: