Daily Technical analysis for June 03, 2021
EUR/USD
Current level – 1.2203
After the failed breach of the resistance zone at 1.2238, during yesterday’s trading session the single European currency lost its value against the U.S. dollar after another failed attempt by the bears to test the support zone at 1.2170. The mentioned support and resistance outline the borders of the created range, which was formed approximately three weeks ago. At the moment, neither buyers nor sellers are able to gain momentum and tip the scales in their favor. The forecasts, then, are for maintaining the move in the mentioned channel between 1.2170 – 1.2238. The most important news for investors today is the ADP non-farm employment change data for the U.S. (12:15 GMT), as well as the initial jobless claims data, again for the U.S. (12:30 GMT).
USD/JPY
Current level – 109.66
Over the past day, the U.S. dollar tried to gain momentum against the Japanese yen and breach the resistance at 109.74. Although we did witness a breach, the bulls failed to keep trading above this level and, at the time of writing, we are seeing a consolidation forming below the mentioned resistance zone. Prolonged trading around these levels could lead to a range move in the narrow channel between 109.36 – 109.74.
GBP/USD
Current level – 1.4167
After the pound lost ground against the U.S. dollar since the beginning of the week, the bulls managed to limit the sell-off above the support zone at 1.4100 during the last trading session, and we even witnessed a build-up of upward momentum and a recent breach of the resistance at 1.4160. Only a breach and its confirmation above the zone at 1.4200, however, could be sufficient grounds for considering a continuation of the upward trend. At the moment, the expectations for range-bound trading between 1.4100 – 1.4200 remain intact. Today, the most important economic news that will be in investors’ focus will be the PMI services data for the UK (08:30 GMT).
Gold price attempts positively
Gold price settles above the intraday bullish channel’s support line, to head towards resuming the main bullish trend, as it gets good positive support by the EMA50, waiting to visit 1928.60 as a next main target.
Breaching 1918.00 will reinforce the expectations of continuing the expected bullish trend, taking into consideration that breaking 1894.20 will stop the positive scenario and press on the price to turn to decline.
The expected trading range for today is between 1890.00 support and 1925.00 resistance.
The expected trend for today: Bullish
Source: Technical analysis
Comments (64)
… [Trackback]
[…] Find More on that Topic: dayfinanceltd.com/daily-technical-analysis-for-april-03-2021/ […]
… [Trackback]
[…] Info on that Topic: dayfinanceltd.com/daily-technical-analysis-for-april-03-2021/ […]
… [Trackback]
[…] Information on that Topic: dayfinanceltd.com/daily-technical-analysis-for-april-03-2021/ […]
… [Trackback]
[…] Read More Info here on that Topic: dayfinanceltd.com/daily-technical-analysis-for-april-03-2021/ […]
… [Trackback]
[…] Information on that Topic: dayfinanceltd.com/daily-technical-analysis-for-april-03-2021/ […]
… [Trackback]
[…] Read More here to that Topic: dayfinanceltd.com/daily-technical-analysis-for-april-03-2021/ […]
… [Trackback]
[…] Find More on on that Topic: dayfinanceltd.com/daily-technical-analysis-for-april-03-2021/ […]
… [Trackback]
[…] There you can find 77262 more Info to that Topic: dayfinanceltd.com/daily-technical-analysis-for-april-03-2021/ […]
… [Trackback]
[…] Here you will find 14788 more Info to that Topic: dayfinanceltd.com/daily-technical-analysis-for-april-03-2021/ […]
… [Trackback]
[…] Read More Info here to that Topic: dayfinanceltd.com/daily-technical-analysis-for-april-03-2021/ […]
… [Trackback]
[…] Read More Info here on that Topic: dayfinanceltd.com/daily-technical-analysis-for-april-03-2021/ […]
… [Trackback]
[…] There you will find 83138 additional Info on that Topic: dayfinanceltd.com/daily-technical-analysis-for-april-03-2021/ […]
… [Trackback]
[…] Read More Information here on that Topic: dayfinanceltd.com/daily-technical-analysis-for-april-03-2021/ […]
… [Trackback]
[…] Info on that Topic: dayfinanceltd.com/daily-technical-analysis-for-april-03-2021/ […]
… [Trackback]
[…] Info on that Topic: dayfinanceltd.com/daily-technical-analysis-for-april-03-2021/ […]
… [Trackback]
[…] Read More Information here to that Topic: dayfinanceltd.com/daily-technical-analysis-for-april-03-2021/ […]
… [Trackback]
[…] Info on that Topic: dayfinanceltd.com/daily-technical-analysis-for-april-03-2021/ […]
… [Trackback]
[…] Find More on that Topic: dayfinanceltd.com/daily-technical-analysis-for-april-03-2021/ […]
… [Trackback]
[…] Info to that Topic: dayfinanceltd.com/daily-technical-analysis-for-april-03-2021/ […]
… [Trackback]
[…] Find More Info here to that Topic: dayfinanceltd.com/daily-technical-analysis-for-april-03-2021/ […]
… [Trackback]
[…] Read More Information here on that Topic: dayfinanceltd.com/daily-technical-analysis-for-april-03-2021/ […]
… [Trackback]
[…] Read More Information here to that Topic: dayfinanceltd.com/daily-technical-analysis-for-april-03-2021/ […]
… [Trackback]
[…] Read More here to that Topic: dayfinanceltd.com/daily-technical-analysis-for-april-03-2021/ […]
… [Trackback]
[…] Information to that Topic: dayfinanceltd.com/daily-technical-analysis-for-april-03-2021/ […]
… [Trackback]
[…] Find More here on that Topic: dayfinanceltd.com/daily-technical-analysis-for-april-03-2021/ […]
Very nice post. I just stumbled upon your blog and wanted to say that I’ve really enjoyed browsing your blog posts. In any case I’ll be subscribing to your feed and I hope you write again soon!
… [Trackback]
[…] Here you can find 14616 more Information on that Topic: dayfinanceltd.com/daily-technical-analysis-for-april-03-2021/ […]
… [Trackback]
[…] Find More on that Topic: dayfinanceltd.com/daily-technical-analysis-for-april-03-2021/ […]
… [Trackback]
[…] Read More Info here to that Topic: dayfinanceltd.com/daily-technical-analysis-for-april-03-2021/ […]
… [Trackback]
[…] Here you will find 79993 additional Information to that Topic: dayfinanceltd.com/daily-technical-analysis-for-april-03-2021/ […]
… [Trackback]
[…] Read More Info here to that Topic: dayfinanceltd.com/daily-technical-analysis-for-april-03-2021/ […]
… [Trackback]
[…] Info to that Topic: dayfinanceltd.com/daily-technical-analysis-for-april-03-2021/ […]
… [Trackback]
[…] Info to that Topic: dayfinanceltd.com/daily-technical-analysis-for-april-03-2021/ […]
I recently tried CBD gummies because the earliest cbd thc gummies time and they exceeded my expectations. The touch was amusing, and they helped me unwind and relax. My uneasiness noticeably decreased, and I felt a meaning of whole well-being. These gummies are for the time being a fundamental in my self-care routine. Highly advocate in place of a talent and balsamic experience.
I recently embarked on a pilgrimage to thrive autoflower weed seeds for the beginning in good time, and it was an incredibly enriched experience. As a beginner, I was initially apprehensive, but the process https://trilogeneseeds.com/collections/cheap-cannabis-seeds turned discernible to be surprisingly straightforward. Primary misguided, the germination phase was uniform sailing. The seeds sprouted shortly, and their vigor was impressive. I followed the recommended guidelines regarding lighting, nutrients, and watering, and the plants responded positively. Harmonious of the biggest advantages of autoflowering strains is their ability to automatically transition from vegetative development to flowering, regardless of mild cycle.
… [Trackback]
[…] Information on that Topic: dayfinanceltd.com/daily-technical-analysis-for-april-03-2021/ […]
… [Trackback]
[…] Find More on that Topic: dayfinanceltd.com/daily-technical-analysis-for-april-03-2021/ […]
… [Trackback]
[…] Read More on to that Topic: dayfinanceltd.com/daily-technical-analysis-for-april-03-2021/ […]
… [Trackback]
[…] Read More on that Topic: dayfinanceltd.com/daily-technical-analysis-for-april-03-2021/ […]
Greetings! Very helpful advice in this particular article! It is the little changes which will make the most important changes. Thanks a lot for sharing!
Pretty! This has been a really wonderful post. Many thanks for providing these details.
This was beautiful Admin. Thank you for your reflections.
… [Trackback]
[…] Read More Information here on that Topic: dayfinanceltd.com/daily-technical-analysis-for-april-03-2021/ […]
Pretty! This has been a really wonderful post. Many thanks for providing these details. Watch bbcfarsi news
I m going to bookmark your web site and maintain checking for brand spanking new information.
I m often to blogging and i really appreciate your content. The article has actually peaks my interest.
I really like reading through a post that can make men and women think. Also thank you for allowing me to comment!
This is really interesting You re a very skilled blogger. I ve joined your feed and look forward to seeking more of your magnificent post.
… [Trackback]
[…] Find More to that Topic: dayfinanceltd.com/daily-technical-analysis-for-april-03-2021/ […]
Nice post, learn something new and challenging on blogs I stumbleupon on a daily basis. dubai horse racing today
Hey there! This post could not be written any
better! Reading through this post reminds me of my old room mate!
He always kept chatting about this. I will forward this write-up to him.
Fairly certain he will have a good read. Thank you for sharing!
Scrap metal repurposing center Aluminium scrap partnership opportunities Aluminium recycling compliance
Metal salvage yard services, Aluminum cable scrapping, Industrial metal salvage
Metal wastage Aluminium recycling market intelligence Aluminium can scrap collection
Metal salvage depot, Aluminum cable scrap importers, Scrap metal grading
Scrap metal processing technology Aluminium scrap generation assessment Aluminium alloy reprocessing
Metal reclamation and recycling, Aluminum cable recycling services, Metal salvage and reclamation
Metal recycling logistics Scrap aluminium transportation logistics Alloy aluminum recycling
Metal waste analysis, Aluminum cable regulations, Environmental metal disposal
Scrap metal regenerating solutions Aluminium recovery facility operations Scrap aluminium supply network
Metal waste reclaiming and processing, Benefit of recycling aluminum cable, Scrap metal logistics
Metal recycling and salvaging Aluminium shredding Aluminium scrap assessments
Sustainable metal recycling initiatives, Aluminum cable scrap utilization, Metal recovery and repurposing solutions
Eco-friendly metal recovery Scrap metal community engagement Iron scrap reclaiming strategies
Ferrous material compliance, Iron recovery services, Scrap metal recovery and reuse
Metal waste reclaiming solutions Ferrous metal warehousing Iron waste recycling plant
Ferrous material recycling advancements, Iron recycling plant, Environmental compliance in scrap metal industry
Metal recovery services Ferrous metal handling Iron recycling and reusing
Ferrous metal supply chain, Iron scrap yard, Metal recycling solutions
Scrap metal processing plant Ferrous material recycling community outreach Iron scrap reclamation
Ferrous material recycling green initiatives, Iron metal recovery, Scrap metal financial analysis
… [Trackback]
[…] Find More here on that Topic: dayfinanceltd.com/daily-technical-analysis-for-april-03-2021/ […]
Scrap metal repurposing Ferrous material documentation Iron scrap reprocessing services
Ferrous scrap recycling technology, Iron waste management services, Metal waste refabrication
… [Trackback]
[…] Find More here on that Topic: dayfinanceltd.com/daily-technical-analysis-for-april-03-2021/ […]