Technical Analisis Dari FBS.com

[Syazfirul Enterprise]

Gold rebounds from 4-week peaks

On Tuesday, during European trade gold traded lower, rebounding from its four-week peak in the previous trading session because market participants readjusted their trading positions ahead of the Fed’s two-day monetary policy gathering due to start later this day.

While the Fed is mostly expected to leave its interest rates intact to conclude its monetary policy gathering, the US major bank could offer guidance on its tempo of tightening over the next several months.

Janet Yellen, Fed Chair is to hold what is going to be a closely-watched press conference thirty minutes after the issue of the Fed’s statement as traders look for any change in tone regarding the US economy or upcoming rate lifts.

The major bank is going to release its latest forecasts for economic growth as well as interest rates.

Traders are going to digest a report on American retail sales soon.

The dollar index, gauging the greenback’s value against other key currencies, leapt 0.15%, trading at 94.56.

 

[Syazfirul Enterprise]

EUR/USD: "Tweezers" has stopped bearish rally. Likely, for a while.


There’re a “Tweezers” and a “Hammer” at the local low, which both have been confirmed. So, the market is likely going to take through the “Window” paces once again. If a pullback happens afterwards, bears will probably try to move on. As we can see on the Daily chart, the price has reached the 89 Moving Average. Also, there’s a possible “Tweezers” pattern in progress. If it confirms, an upward correction becomes possible.

EUR/USD: "Tweezers" has stopped bearish rally. Likely, for a while.

The pair has been falling down since a “Harami” arrived at the local high. However, we’ve got a “Tower” and a “Tweezers” at the last low, so the price is likely going to get a resistance on the 34 or 55 Moving Average lines. If so, the market is probably going to decline until new bullish patterns form.

https://fxbazooka.com/analytics/9234

 

[Syazfirul Enterprise]

USD/CHF & SNB Libor Interest Rate: Another lower reaction?

Today in Switzerland at 07:30 GMT will be released the Libor interest rate decision and SNB Chariman Thomas Jordan will speak at same time. It's expected that the current negative rates remains unchanged (-0.75% v -0.75%) on this quarterly meeting and the stance from Swiss National Bank to intervene in foreign exchange market when they think it should be necessary will be something that, at least in the short-term, cannot be changed as well.

The technical picture for USD/CHF at daily chart is showing some interesting patterns, as the pair has been reacting to the downside when the SNB meeting is done and as you may see on March 17th, it consolidated below the 200 SMA. Currently, it's facing a strong support zone around the 0.9586 level and while the Fed didn't push lower the pair (CHF strong) enough during wednesday's session, a breakout below the price zone 0.9586 towards the 0.9480 level in a mid-term basis cannot be discarded at this stage yet. However, if Jordan's words are very dovish, then it could rebound to the 50 SMA (0.9742).

 

[Syazfirul Enterprise]

GOLD probably overcomes the level at 1312.50

The price continues to test new marks, and has already achieved key level 8/8 (1312.50). No breakdowns STH4, which indicates the strength of the bulls. Despite growing STH4 and STD1, the expected pullback to the area of STD1 can happen now. The key level is 8/8, the breakdown of which at least one third of the width of the levels will lead to a further increase to the level + 1/8 (1328.13). The advantage is to give a bullish scenario, ambushed the breakdown 8/8.

Trade recommendation:

Buy – 1318.00; sell – 1312.00; tp – 1328.00.

 

[Syazfirul Enterprise]

USD/CAD & Canadian's Core CPI (May): Above 1.30 or bearish formation?

In Canada at 12:30 GMT will be released the monthly Core CPI, which currently has a reading of 0.2% and analysts' forecast are calling for a little rise towards 0.3% and because the Bank of Canada takes this indicator seriously to measure inflation levels on the country, it should move the CAD pairs, whatever the number could be in this release. During last three months, it has been shown some slighlty increase.

The technical overview for USD/CAD at H4 chart is giving us a strong resistance on place around the 1.3037 level, and a support at the 1.2920 level, where is located the 200 SMA. If Core CPI is above the 0.8% or 1% approximately, Loonie could break that support mentioned above, looking to test the 50-SMA. In another scenario, a below-than-expected reading (-0.1% to the downside) could push the pair towards 1.3169 level in coming days.

 

[Syazfirul Enterprise]

Aussie and kiwi soar against greenback

On Monday, the Australian and New Zealand dollars managed to strengthen against the evergreen buck. It’s because of the US dollar was still under pressure after the Fed’s verdict to leave interest rates intact. Furthermore, growing oil boosted commodity currencies.

The currency pair AUD/USD surged 0.68, trading at 0.7444, perhaps the highest outcome since June 9.

The major American currency slumped after last week, the number one US financial institution left its interest rates intact and then lowered forecast as for how much they expect to raise rates in the nearer future.

On Tuesday and Wednesday, market participants were kept an eye open on monetary policy by Janet Yellen, Fed Chair.

The currency pair NZD/USD went up 1.07%, trading at 0.7115, the highest reading since June 10.

Meanwhile, on Monday, crude prices kept moving higher as worries over a probable British exit from the European Union, eased.

Two opinion surveys issued on Saturday disclosed that support for the Remain camp had managed to regain its lead over a vote to abandon the EU, while a third demonstrated momentum shifting in favor of the EU membership.

 

[Syazfirul Enterprise]

EUR/USD: forecast for June 20-26

EUR/USD once again tested the support line from the November lows, but managed to remain higher. The weekly candle was bullish, but there’s still resistance at 1.1415 and 1.1465, which is limiting the pair on the upside. The pair will likely trade between 1.1350 and 1.1230 ahead of the Brexit vote on Thursday.

Upcoming important news in the euro area’s economic calendar include German ZEW economic sentiment and the speech of the ECB president Mario Draghi on Tuesday, German IFO business climate on Wednesday and the region’s PMIs on Thursday. In addition, the European Central Bank will implement a targeted LTRO program on June 22, in which it will pay commercial banks to use its money. The banks will be required to lend the money to its customers. This is a form of monetary stimulus.

We’ll watch the figures out of Europe, but note that the single currency is largely driven by the expectations connected with the UK referendum and the dynamics of the British pound. The remain vote will make the euro appreciate to 1.15 (100-week MA) and potentially to 1.16. If Britain chooses to leave the euro area, the uptrend of EUR/USD will head to 1.08. No Brexit is a mire likely scenario.

 

[Syazfirul Enterprise]

European shares keep fluctuating

On Tuesday, European shares wavered, having notched their best trading session since August, with market participants focused on development around the Brexit referendum.

The Stoxx Europe 600 edged up 0.1%, trading at 337.95, having lost as much as 0.4% because trading got underway. On Monday, the index soared 3.7%, the greatest revenue in almost ten months.

The steep surge kicked in after two weekend surveys showed surging support for Great Britain to stay in the EU, ahead of a vote on the issue on Thursday.

More surveys issued late Monday appeared to be mixed. For instance, an ORB poll demonstrated that the “Remain” camp was leading, while a YouGov survey gave the “Leave” group +2%, hitting 44% vs 42%.

In the closely watched banking sector, stocks of Banco Popular Espanol SA decreased 0.4%. Banco Commercial Portugues SA sagged 4.2%. However, Commerzbank AG acquired 1%, while BNP Paribas SA gained 0.8%.

As for indexes, Great Britain’s FTSE 100 slumped 0.1%, trading at 6,196.64, while German DAX 30 leapt 0.3%, reaching 9,987.67.

https://fxbazooka.com/news/6803

 

[Syazfirul Enterprise]

USD/JPY: "Window" stopped bears

We’ve got a “Hammer” and a “Tweezers” on the last low, which both have been confirmed enough. Therefore, the market is likely going to test the nearest resistance level, which was set up by the middle of the last black candle. As we can see on the Daily chart, the price has found a lodgement under the last “Window”, but an “Inverted Hammer” is still unconfirmed. So, the pair is probably going to form a “Tweezers” pattern in the short term.

There’s a consolidation in progress. The yesterday’s “Window” has been closed, but it’s still an important level. However, we’ve got a “Shooting Star”, which points to a possible local correction. If any bullish pattern arrives later on, there’ll be an opportunity to see the price on the 55 Moving Average.

Kunjungi berota dan juga analisis terkini https://fxbazooka.com/analytics/9322

 

[Syazfirul Enterprise]

Crude prices surge above $50

On Wednesday, crude prices soared higher $50, following data from the American Petroleum Institute, which demonstrated a bigger than expected draw on shares.

August delivery US crude futures acquired 9 cents, hitting $49.94 per barrel. A bit earlier it grew to as high as $50.54, thus marking the first time it had leapt above $50 since June 10. As for Brent crude futures, they gained 4 cents, reaching $50.66, having settled down at $50.62 on Tuesday.

According to the API, American crude inventories sagged by 5.2 million barrels for the week ending June 17.

The US government's Energy Information Administration is going to publish official stockpile data on Wednesday.

Markets are still jumpy over the probability that on Thursday, Great Britain will make up its mind to abandon the European Union on the referendum, with surveys, demonstrating little difference between the "remain" as well as "leave" camps.

Meanwhile, early on Wednesday, the US dollar reported modest gains early on Wednesday.