AUD/USD: general analysis on 26.06.2015

26 June, 2015

Current trend

Yesterday, amid the positive US economic reports, the US dollar strengthened and then slowed down its growth against all other major currencies. Investors still keep an eye on the Greek issue.

In May US Personal Spending rate rose by 0.9%, exceeding the forecast of 0.7%. The previous figure was 0.1%. Total Personal Income increased by 0.5%, as it was predicted. Unemployment Claims grew from 268.000 to 271.000. It is 1.000 lower-than-predicted.

The Australian dollar is now close to the support level, and should bounce off it to the last Friday’s maximum of 0.7796.

The member of US FRS George gives his speech today, which may affect the US dollar.

Support and resistance

The nearest resistance level is the last Friday’s maximum of 0.77960. Support level is 0.7695.

Trading tips

Open long positions from 0.7717 with a stop loss at 0.7695 and target at 0.7796.


Source link  
XAG/USD: A decline might resume

On the 4-hour chart, the pair is trading near the level of 15.32 (23.6% correction). The price is supported by the 38.2% fan line, directed up, and the level of 15.05 (38.2% correction)...

USD/TRY: Dollar resumed growth

Since the beginning of this week, the pair continues strengthening amid some reduction in anxiety on the market. The Dollar was supported by data on Retail Sales that came out in the US on Friday. In January, the index grew by 0.2% that was slightly better than forecasts of economists...

Brent: growth resumed on February 15, 2016

Since the middle of the previous week, the price of Brent crude oil continues growing amid weakness of the US Dollar. In addition, the price is supported by expectations of the reduction in output by major world producers...


XAU/USD: technical analysis

On the daily chart, the pair is trading just above the lower MA of Bollinger Bands. The price remains below the EMA130, EMA65 and EMA14, all directed down. The RSI is failing to break out from the oversold zone as it tested its resistance at 32 mark two times last week...

XAU/USD: gold renews lows

On Thursday, the price of gold fell to its 5-year lows. The Bearish trend accelerated amid macroeconomic statistics form the US than strengthened expectations of an interest rates hike on the US in December...

XAG/USD: pair is falling

The price remains under pressure amid strengthening US Dollar that was significantly supported after the publication of strong NFPR data in the US that substantially increased chances of an interest rate hike in December...


Brent: Fibonacci analysis

On the 4-hour chart, the price is trading in the area of 48.10 which is seen as a particularly strong level as 23.6% Fibonacci both for the short-term and medium-term trends have concentrated in the area of 48.10-47.80...

Brent: moderate growth

At the end of last week, the price of Brent crude oil strengthened moderately, being supported by the weakness of the US dollar which failed to hold its positions, gained after the recent Fed meeting...

XAU/USD: gold reached local highs

Last week the price of gold significantly grew. The pair remains under pressure amid concerns on the markets that the Fed will refrain from an interest rate increase before the end of the year...

  


Share: