Rosen's Daily Commentary

[rosentray]

GBP/USD made a new high today going to 1.3499. The pair is showing good signs of recovery coming from a low of 1.3120. First resistance is the level of 1.3490 while first support is 1.3280.

 

[rosentray]

EUR/USD is trading close to unchanged in today's session. No news and market movers creat a calm environment where consolidation is present. Until we get fresh news, price would probably gravitate towards 1.1140.

 

[rosentray]

Silver made a new top today and is going steady in its gains. The commodity reached a high of 21.16 and is now trading at 20.52.

 

[rosentray]

The EUR/USD reached its highest point in today's session going to 1.1186. After the peak the pair was immediately depreciated and is now trading at 1.1156. Current market price appears to be in the middle of today's low and high and if it continues like this we might expect further depreciation.

 

[rosentray]

USD/CAD is forming a triangle best seen on daily timeframe. The pair touch the resistance line several times and is now somewhere in between the lines. Until we get a break out of either sides we might expect price to trade sideways. Patiently waiting could turn out to be the best choice in this specific case.
First support level 1.2760, first resistance level 1.3060.

 

[rosentray]

The EUR/USD is trading lower in today's session and made a low of 1.1036. The pair reacted with a sharp drop after it touched a prior pivot point at 1.1186 and was quickly depreciated. The EUR/USD is now slightly recovered and is trading at 1.1074.

 

[rosentray]

Gold is now above two major resistance levels - $1,350 and $1,357. The precious metal pierced through both of them in two days and is now trading at $1,368 with a high of $1,375. Now Gold is going to have to draw new patterns and choose a new path to go as it's above two trading channels.

 

[rosentray]

EUR/USD is trading relatively lower today. The price is now 1.1091 and this is the second day where the pair goes below 1.1060 and then climbs back above 1.1100. Current level is right at the 200SMA.

 

[rosentray]

Gold is trading in the red today marking the end of a 6-day winning streak. The precious metal reached a high of $1,375 and is now trading at $1,355. First support zone is seen at $1,351 while first resistance is the last high of $1,375.

 

[rosentray]

The EUR/USD is trading relatively unchanged since yesterday's session. Today we have the NFP and Jobs report in less than 5 hours. The most important news for the month are bound to stir the calm market today.