Daily Technical analysis for June 07, 2021
EUR/USD
Current level – 1.2160
After the report on new job openings in the U.S. disappointed the markets, the dollar lost ground and the pair closed last week just below the resistance of 1.2170. Expectations that the Federal Reserve will not tighten its policy soon encouraged the bulls and it is possible for the pair to head towards the resistance zones around 1.2207 and 1.2244. The EUR/USD has reached a turning point – after the initial pause in the uptrend, the pair formed a new bottom around the support at 1.2106. If the market is to form a lower high now, it is possible that the sell-offs will intensify and the trend could reverse. Confirmation is needed for the realisation of this scenario, and for now the fundamentals are in favor of the bulls. Overcoming the resistance at 1.2244 may pave the way towards the highs of 2018 at around 1.2540. This week, the most significant event for the pair is the announcement of the inflation rate for the United States on Thursday at 12:30 GMT.
USD/JPY
Current level – 109.55
The pair could not stay above the resistance at 110.18 and after the initial aggressive sell-offs, the USD/JPY breached the support at 109.74 and tested the next support at 109.36. Bearish pressure may continue this week as well and with a breach of 109.36, we can expect a test of the key support at 108.56. In case it fails to hold the market, new sell-offs towards 107.50 and 106.10 can exacerbate further. In an alternative scenario, trading may continue in the range between 108.56 and 110.18.
GBP/USD
Current level – 1.4141
The Cable continues to trade in the narrow range between 1.4100 and 1.4210 and last week’s attempt to breach the lower band was successfully thwarted. The bulls are likely to try to attack the 1.4210 resistance next. The trend on the higher time frames is not violated and despite the mixed moods, the expectations are for a resumption of the move and an attack on the 1.4400 resistance. Key daily support the market can expect in the area between 1.4080-1.4100.
Gold price resumes the rise
Gold price achieved good gains on last Friday to settle around the EMA50, reinforcing the chances of continuing the bullish trend in the upcoming sessions, noting that our next target is located at 1928.60.
Stochastic current negativity might cause some temporary sideways fluctuation before resuming the expected rise, which will remain valid unless breaking 1861.50 and holding below it.
The expected trading range for today is between 1870.00 support and 1910.00 resistance.
The expected trend for today: Bullish
Source: Technical analysis
Comments (80)
… [Trackback]
[…] Read More here on that Topic: dayfinanceltd.com/daily-technical-analysis-for-april-07-2021-2/ […]
… [Trackback]
[…] Here you can find 83794 additional Info to that Topic: dayfinanceltd.com/daily-technical-analysis-for-april-07-2021-2/ […]
… [Trackback]
[…] Find More here on that Topic: dayfinanceltd.com/daily-technical-analysis-for-april-07-2021-2/ […]
… [Trackback]
[…] Read More Information here on that Topic: dayfinanceltd.com/daily-technical-analysis-for-april-07-2021-2/ […]
… [Trackback]
[…] Read More on to that Topic: dayfinanceltd.com/daily-technical-analysis-for-april-07-2021-2/ […]
… [Trackback]
[…] There you can find 82333 more Info to that Topic: dayfinanceltd.com/daily-technical-analysis-for-april-07-2021-2/ […]
… [Trackback]
[…] Read More on that Topic: dayfinanceltd.com/daily-technical-analysis-for-april-07-2021-2/ […]
… [Trackback]
[…] Read More Info here to that Topic: dayfinanceltd.com/daily-technical-analysis-for-april-07-2021-2/ […]
… [Trackback]
[…] Read More on to that Topic: dayfinanceltd.com/daily-technical-analysis-for-april-07-2021-2/ […]
… [Trackback]
[…] Read More Info here on that Topic: dayfinanceltd.com/daily-technical-analysis-for-april-07-2021-2/ […]
… [Trackback]
[…] There you will find 6523 more Information on that Topic: dayfinanceltd.com/daily-technical-analysis-for-april-07-2021-2/ […]
… [Trackback]
[…] Information to that Topic: dayfinanceltd.com/daily-technical-analysis-for-april-07-2021-2/ […]
… [Trackback]
[…] There you can find 32658 additional Information on that Topic: dayfinanceltd.com/daily-technical-analysis-for-april-07-2021-2/ […]
… [Trackback]
[…] Find More on that Topic: dayfinanceltd.com/daily-technical-analysis-for-april-07-2021-2/ […]
… [Trackback]
[…] Find More Information here to that Topic: dayfinanceltd.com/daily-technical-analysis-for-april-07-2021-2/ […]
… [Trackback]
[…] Read More to that Topic: dayfinanceltd.com/daily-technical-analysis-for-april-07-2021-2/ […]
… [Trackback]
[…] Find More here on that Topic: dayfinanceltd.com/daily-technical-analysis-for-april-07-2021-2/ […]
… [Trackback]
[…] There you will find 80713 additional Information to that Topic: dayfinanceltd.com/daily-technical-analysis-for-april-07-2021-2/ […]
… [Trackback]
[…] There you will find 14868 additional Information on that Topic: dayfinanceltd.com/daily-technical-analysis-for-april-07-2021-2/ […]
Asking questions are genuinely nice thing if you are not understandinganything completely, but this piece of writing presents pleasant understandingeven.
Hi there! This is my first visit to your blog! We are a group of volunteers and startinga new initiative in a community in the same niche. Your blog provided us valuable information to work on. Youhave done a wonderful job!
Great blog post. Awesome.
Great, thanks for sharing this blog. Will read on…
Thank you for your blog article. Great.
Very informative blog article.Really looking forward to read more. Fantastic.
Really informative post.Really looking forward to read more.
Fantastic blog article.Really thank you! Keep writing.
I loved your article.Thanks Again. Awesome.
Really enjoyed this article.Much thanks again. Awesome.
A round of applause for your blog post.Really thank you! Awesome.
wow, awesome blog post.Really looking forward to read more. Awesome.
Thanks-a-mundo for the article.Much thanks again. Awesome.
Say, you got a nice blog article.Thanks Again. Much obliged.
Hey, thanks for the article post.Really thank you! Much obliged.
best walmart store ed pills – erectile dysfunction due to blood pressure meds power pills ed review
chlamydia azithromycin dose zithromax online paypal azithromycin 2 tablets at once how long does azithromycin stay in the body
Appreciate you sharing, great blog.Really thank you! Really Great.
Awesome blog article.Really looking forward to read more.
azithromycin package insert does azithromycin cause yeast infections what azithromycin
I am so grateful for your post.Much thanks again. Really Great.
Im not positive where you’re getting your info, however good topic. I must spend a while studying more or understanding more. Thanks for wonderful information I used to be on the lookout for this information for my mission.
Hello! I just wanted to ask if you ever have any issues with hackers? My last blog (wordpress) was hacked and I ended up losing several weeks of hard work due to no backup. Do you have any solutions to stop hackers?
Wow, great article post. Will read on…
Thanks for the post.Much thanks again. Really Great.
Thanks a lot for the blog article.Much thanks again. Will read on…
Thanks for sharing, this is a fantastic blog post. Keep writing.
Really enjoyed this blog article.Much thanks again. Fantastic.
I really liked your post.Thanks Again. Really Cool.
I am so grateful for your blog post.Much thanks again. Great.
Thanks a lot for the article. Much obliged.
Really appreciate you sharing this blog article. Will read on…
I truly appreciate this blog post.Thanks Again. Much obliged.
Im obliged for the blog.Really thank you! Awesome.
Looking forward to reading more. Great blog article.Much thanks again. Fantastic.
Im grateful for the blog post.Really looking forward to read more. Keep writing.
When some one searches for his essential thing, therefore he/she desires to be available that in detail, therefore that thing is maintained over here.Feel free to surf to my blog post … BodyCor Naturals Keto
Looking forward to reading more. Great blog.Really thank you! Fantastic.
Major thankies for the post.Thanks Again. Fantastic.
Pretty! This was an incredibly wonderful article. Thanks for providing these details.
I value the post.Much thanks again. Great.
wow, awesome blog post.Really thank you! Really Great.
I really like and appreciate your blog article.Really thank you!
I loved your blog. Awesome.
Say, you got a nice blog post.Really looking forward to read more. Want more.
Thanks so much for the post.Thanks Again.
Enjoyed every bit of your article post. Fantastic.
… [Trackback]
[…] Info on that Topic: dayfinanceltd.com/daily-technical-analysis-for-april-07-2021-2/ […]
Really appreciate you sharing this article post.Much thanks again.
Muchos Gracias for your blog post. Awesome.
Thank you ever so for you blog article. Keep writing.
Very informative article.Much thanks again. Want more.
Thanks-a-mundo for the article post.Much thanks again. Keep writing.
Really informative blog article.Really looking forward to read more. Cool.
Im grateful for the blog.Really thank you! Really Cool.
Hi there! This post could not be written any better! Reading 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. Thanks for sharing!
I really liked your blog article.Really thank you! Much obliged.
I really liked your blog post. Will read on…
Major thankies for the blog post.Really looking forward to read more. Cool.
Awesome blog post.Really looking forward to read more. Really Great.
Really appreciate you sharing this blog.Really thank you!