Key To Markets - Support

AUDCAD: Key support zone remains between 0.9890 and 0.9940. Worth to focus.

1. Recent Canada economic data is encouraging and Bank of Canada being more positive on the domestic growth outlook.
2. Aussie traders focus on labor market statistics due on Thursday (June 15).
3. Higher lows are spotted on the daily chart between 0.9940 and 0.9920

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Read the article on our Key To Markets Blog

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Gold: A lower dollar and a double top (Gold) witnessed on a Fed day.

1. The daily RSI clearly indicating a lower high.
2. It has witnessed the trendline breakdown.
3. Daily charts show a double top at 1295$.
4. Failed at the longer term descending trend line.
5. Net longs in gold picked up for the third consecutive week.

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Read the article on our Key To Markets Blog

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Our view before the FED.

EUR/USD looking up.

NZDUSD cross has been moving higher for five straight weeks, earlier in Dec 2016 it was six

1. New Zealand dollar bulls surrenders following moderate GDP growth in 1Q 2017 released today.
2. March 2017 quarter Gross domestic product rose 0.5%.
3. The daily RSI and oscillators are extreme overbought, appears bulls strength was sacked.

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Read the article on our Key To Markets Blog

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DXY Squeeze and stretched

1. The June FOMC meeting outcome is very much in line with market expectations.
2. Balance sheet caps will be set at $10 billion per month.
3. Last two weeks price action appears DXY upside is cap between 97.50 and 97.80.

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Read the article on our Key To Markets Blog

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AUD technical overview- AUDUSD, AUDCAD & AUDNZD

1. Aussie dollar higher on the back of May 2017 Aussie labor statistics
2. AUDNZD is the winner.
3. AUDUSD and AUDCAD ran to the resistance.
4. Unemployment rate in Australia remained at 5.7

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Read the article on our Key To Markets Blog

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USD attracts fresh inflows following Fed hawkish comments.

1. DXY) finally formed a base between 96.50 and 96.30
2. It has closed above 20DMA for the first time in a month time frame.
3. DXY offers limited rally and designed to weaken in the coming weeks.

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Read the article on our Key To Markets Blog

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USDJPY strength likely to sap at the higher end of the falling channel.

1. No policy changes expected from Bank of Japan.
2. Facing resistance at three-week descending trend line.
3. The daily Oscillators appears bearish H&S pattern.

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Read the article on our Key To Markets Blog

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EURUSD: Use a dip to buy.

1. EUR again failed at 1.13 line.
2. The current dollar rally likely to sap quickly and a summer low yet to come.
3. EZ final CPI YoY basis forecast 1.4% vs 1.4%.

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Read the article on our Key To Markets Blog

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Platinum: Trend remains bearish but worth to focus.

1. It has given a breakdown below the trendline.
2. On the weekly chart, the price has a parallel supports.

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Read the article on our Key To Markets Blog

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BRENT: We are adjusting our Brent oil price forecast.

1. Oil price has been consolidating at early May lows.
2. lower tops accelerating the downward pressure.
3. The price retraced 38.2% (27-58.35$ rally).

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Read the articles on our Key To Markets Blog

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EURUSD- Focus shifts to 38.2%, use a dip to buy.

1. EZ, Germany and U.S June prelim PMIs (June 23) are the key data this week.
2. The price has already retraced 23.6%.
3. 1.1020 is the key support levels.

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Read the article on our Key To Markets Blog

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EURGBP trading on a verge of breakdown.

1. EURGBP- Already retraced beyond 23.6%.
2. British politics enters post-election paralysis.

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Read the article on our Key To Markets Blog

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WTI has parallel supports finds at 42.50 and 42.20/42$

1. The 100.0 fe finds at 42.00, in near term support zone remains between 42.50 and 42$.
2. On both the charts WTI and Brent, price continues to fall with a minor RSI divergence.

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Read the article on our Key To Markets Blog

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USDCAD bearish bias remains in the medium term perspective

1. The price respects our support level 1.3150, low made 1.3160 and changed the direction.
2. The daily RSI are oversold and Oscillator appears bullish.
3. The dollar index gave a bullish trading range breakout and settles above 20DMA.
4. Besides, U.S oil hits 2017 lows on global oversupply concerns.

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Read the article on our Key To Markets Blog

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Gold price is increasingly oversold expect a decent bounce.

1. Trading on a verge of the bullish breakout.
2. Parallel support 1239.
3. We expect a decent bounce from the support between 1243 and 1238.

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Read the article on our Key To Markets Blog

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USDSGD: More legroom expected. Sell into breakout.

1. The 50DMA and 100DMA are the key hurdles in near and medium term perspective.
2. The medium term outlook remains bearish.
3. The corrective rally likely to arrest.

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Read the article on our Key To Markets Blog

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USDJPY spotted with a double top

1. Potential resistance seems between 111.80 and 112.20.
2. Further strength available after settles above 61.8%.
3. It has made a higher low pattern.

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Read the article on our Key To markets Blog

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NZDUSD: lower tops formation limits the upside risk.

1. The Kiwi dollar spikes today Asia trade following RBNZ rate statement.
2. The daily RSI is making a lower high pattern and the oscillator appears bearish.
3. Near term pulll back expected.

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Read the article on our Key To Markets Blog

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EURNZD: Ready to release the thrust.

1. The daily RSI is oversold and oscillator appears bullish.
2. It has erased a month falling channel.
3. Limited downside available.

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Read the article on our Key To Markets Blog

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