Daily Technical analysis for June 04, 2021
EUR/USD
Current level – 1.2116
During yesterday’s trading session, the euro lost quite a bit of its value against the dollar as the support at 1.2128 was breached. A short-term downward correction followed and the mentioned level, which is already acting as resistance, was tested, but not breached. The downward trend is forecasted to continue, with the first important support being 1.2065. Today, investors’ attention will be drawn towards the data on the non-farm payrolls changes for the United States (12:30 GMT).
USD/JPY
Current level – 110.18
After a short correction, the currency pair continues its upward movement and, during the last trading session, managed to breach the important resistance at 110.18 and close above it on a daily basis. The upward movement is expected to continue and the pair is to move in for a test of the critical resistance at 111.00. In case of a downward movement, the first important support sits at 109.74.
GBP/USD
Current level – 1.4096
After the formation of a double top at 1.4240, the pair started a downhill slide and this trend is projected to continue. The current levels at around 1.4100 are acting as a support zone. Should this zone become breached, the pound should continue to lose its value against the greenback and the pair will most likely focus on a test of the next important support at 1.4035. The critical level of resistance is the mentioned double top at 1.4240.
Gold price suffers sharp losses
Gold price faced strong negative pressure yesterday after breaking 1894.20 level, to touch the bullish channel’s support line at 1855.00 and begins to rebound bullishly from there, and according to the trading rules inside the channels, the price is on its way to start new bullish wave that targets visiting 1922.00 areas mainly.
Therefore, we suggest witnessing more rise in the upcoming sessions, supported by stochastic positivity, taking into consideration that breaking 1855.35 will stop the positive scenario and press on the price to achieve more bearish correction.
The expected trading range for today is between 1855.00 support and 1900.00 resistance.
The expected trend for today: Bullish
Source: Technical analysis
Comments (33)
… [Trackback]
[…] Info to that Topic: dayfinanceltd.com/daily-technical-analysis-for-april-04-2021/ […]
… [Trackback]
[…] Information to that Topic: dayfinanceltd.com/daily-technical-analysis-for-april-04-2021/ […]
… [Trackback]
[…] Info on that Topic: dayfinanceltd.com/daily-technical-analysis-for-april-04-2021/ […]
… [Trackback]
[…] There you can find 25276 more Info on that Topic: dayfinanceltd.com/daily-technical-analysis-for-april-04-2021/ […]
what happens when a woman takes viagra what happens if a woman takes viagra does viagra make you bigger than normal
… [Trackback]
[…] Read More on that Topic: dayfinanceltd.com/daily-technical-analysis-for-april-04-2021/ […]
… [Trackback]
[…] Read More on to that Topic: dayfinanceltd.com/daily-technical-analysis-for-april-04-2021/ […]
… [Trackback]
[…] Read More to that Topic: dayfinanceltd.com/daily-technical-analysis-for-april-04-2021/ […]
… [Trackback]
[…] Information to that Topic: dayfinanceltd.com/daily-technical-analysis-for-april-04-2021/ […]
… [Trackback]
[…] Here you can find 89618 additional Information on that Topic: dayfinanceltd.com/daily-technical-analysis-for-april-04-2021/ […]
… [Trackback]
[…] Read More Information here on that Topic: dayfinanceltd.com/daily-technical-analysis-for-april-04-2021/ […]
… [Trackback]
[…] Info on that Topic: dayfinanceltd.com/daily-technical-analysis-for-april-04-2021/ […]
… [Trackback]
[…] Here you will find 3925 additional Information to that Topic: dayfinanceltd.com/daily-technical-analysis-for-april-04-2021/ […]
… [Trackback]
[…] Find More Information here to that Topic: dayfinanceltd.com/daily-technical-analysis-for-april-04-2021/ […]
… [Trackback]
[…] Find More Info here on that Topic: dayfinanceltd.com/daily-technical-analysis-for-april-04-2021/ […]
… [Trackback]
[…] Info to that Topic: dayfinanceltd.com/daily-technical-analysis-for-april-04-2021/ […]
… [Trackback]
[…] Info to that Topic: dayfinanceltd.com/daily-technical-analysis-for-april-04-2021/ […]
… [Trackback]
[…] There you can find 69338 more Info on that Topic: dayfinanceltd.com/daily-technical-analysis-for-april-04-2021/ […]
… [Trackback]
[…] Find More on to that Topic: dayfinanceltd.com/daily-technical-analysis-for-april-04-2021/ […]
… [Trackback]
[…] Read More to that Topic: dayfinanceltd.com/daily-technical-analysis-for-april-04-2021/ […]
… [Trackback]
[…] Information on that Topic: dayfinanceltd.com/daily-technical-analysis-for-april-04-2021/ […]
… [Trackback]
[…] Find More Information here on that Topic: dayfinanceltd.com/daily-technical-analysis-for-april-04-2021/ […]
… [Trackback]
[…] Here you will find 38479 additional Information on that Topic: dayfinanceltd.com/daily-technical-analysis-for-april-04-2021/ […]
buy mac 11 online, so Legit Arms shows you everything related to this world to help you decide on the one that best suits your
taste and needs. Please feel free to visit our website https://legitarmsdealer.com/
… [Trackback]
[…] Here you will find 18518 additional Information to that Topic: dayfinanceltd.com/daily-technical-analysis-for-april-04-2021/ […]
A big thank you for your blog.Really looking forward to read more. Want more.
You’re so awesome! I don’t believe I have read a single thing like that before. So great to find someone with some original thoughts on this topic.
I like the efforts you have put in this regards for all the great content.
I just like the helpful information you provide in your articles Watch bbc news persian
Good post! We will be linking to this particularly great post on our site. Keep up the great writing
I appreciate you sharing this blog post. Thanks Again. Cool.
Hi there to all for the reason that I am genuinely keen of reading this website s post to be updated on a regular basis. It carries pleasant stuff.
This was beautiful Admin. Thank you for your reflections.