SUNBIRD Daily Technical Analysis

[SunBird]

Daily Analysis 2014-06-11

USDCHF- It looks like the pair may make a downward correction. The pair is trading at 0.9000, the MA-20 on the 1 hour graph. It can go down to 0.8964, the MA- 200, and then to 0.8930. If it fails to do so, it can go up to 0.9020, followed by 0.970.

USDJPY- The pair is trading at 102.28, the MA-100 the daily graph. From here, it can go down to 102.04, followed by 101.70. If it fails to do so, it can go back up to 102.60, followed by 103.36.

EURUSD- The dollar is still strong against the euro, and it seems like it's going to stay that way. The pair is trading at 1.3537, the MA-20 the 1 hour graph. It can go down to 1.3460, which may be a good place to buy up to 1.3650.

SP_CRUDEOIL- Oil is still strong and may continue to go up until 105.60. If it fails to do so, it can drop down to 102.60, the MA-200 on the 1 hour graph.

FT_DJ30- The Dow looks like it may go down to 16875, the MA- 100 on the 1 hour graph, and then go back up to 17020.



Important date for today:

11:30- GBP- Claimant Count Change

Unemployment Rate

 

[SunBird]

Daily Analysis 2014-06-16

EURUSD can go higher from here, and it may be a good option to put a stop loss at the weekly low and hold on to it until at least 1.38

GBPUSD has opened higher today and is continuing its strong move up. The next stop is at 1.71 for the week ahead.

USDJPY has gone down from its opening level. Can this move lead to something bigger? It may be a smart choice to sell this pair with a stop loos on today's high and see where it leads to.

GOLD has made it to 1280 and from this level, we might see a correction later in the week. Still, the commodity is very bullish and can reach 1360 in the next two weeks or so.

OIL has again opened higher today, and it looks like this trend could maintain due to the escalation in violence in Iraq.

S&P500 is getting support from the fast EMA at the daily chart. If this level can hold, we may see another new high this week.



Economic news -

12:00 - CPI y/y + Core CPI y/y (EUR)

15:30 - Foreign Securities Purchases (CAD)

15:30 - Empire State Manufacturing Index (USD)

16:00 - TIC Long-Term Purchases (USD)

16:15 - Capacity Utilization Rate (USD)

16:15 - Industrial Production m/m (USD)

17:00 - NAHB Housing Market Index (USD)