Rosentray's Daily Commentary

[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.

 

[rosentray]

Gold gave back some of the returns made throughout the week and is now trading at $1,355. The precious metal made a high of $1,375 thus breaking two major resistance levels. Right now it appears that market participants are awaiting the FED release today as price is now in consolidation.

 

[rosentray]

The EUR/USD pair recorded a drop in the first hours of the trading European session. The pair reached of 1.1017 and is now trading at 1.1028. First support is seen at 1.1000.

 

[rosentray]

USD/JPY is trading some 150 pips higher since the opening of today's markets. The pair made a low of 100.54 and is now trading at 101.95. Earlier today the pair made a high of 102.14. The 100-level is major support as it forms a double bottom and a 50.00% Fibbo level.