Today's Market View (IB Analists)

[IFCM IB Analists]

Technical Analysis - EURUSD

by Shivam Machama (Senior Analyst)

Euro is strengthened at the level of $1.5689 (23.6% Fibonacci correction from minimum at $1.5287 to $1.5814). There is still a risk of break down: 1-hour indicators fall down from overbought levels, a quick 10-day momentum also begins losing the bottom-up impuls. The breakthrough below $1.5683/89 signals a return to $1.5637, further to $1.5560. After a breakthrough of last level significantly shakes prospects. The first support lays on the 5-day moving average at $ 1.5740.

RES 4: $ 1.5935 2% envelope
RES 3: $ 1.5884 a maximum of opening of April 24
RES 2: $ 1.5847 76.4% Fibonacci correction level of the downstream traffic from $1.6020
RES 1: $ 1.5814 a daily maximum of 22 May

current price: $ 1.5752

SUP 1: $ 1.5689 23.6% Fibonacci correction from $1.5287 to $1.5814
SUP 2: $ 1.5613/37 support line from May 8, a minimum of 21 May
SUP 3: $ 1.5560 21-day moving average
SUP 4: $ 1.5465 1% envelope

click here to the official website of IFC Markets​

 

[IFCM IB Analists]

Technical Analysis - EURGBP

by Praful Narain (Chart Analyst)

Stochastik on the chart Euro/Pound risked to make bear crossing, which creates the risk of correction to the 21-day moving average at stg0.7920. However, the general trend remains positive and down correction can be used for opening new long positions.

RES 4: stg0.8125 2% envelope
RES 3: stg0.8100 maximum of April 16
RES 2: stg0.8045 current upper band of Bollinger Bands
RES 1: stg0.8030 1% envelope

current price: Stg0.7970

SUP 1: stg0.7920 21-day moving average
SUP 2: stg0.7880 1% envelope
SUP 3: stg0.7800/23 lower band of Bollinger Bands, minimum of 8 May
SUP 4: stg0.7768 correctional least May 1

click here to the official website of IFC Markets​

 

[PimpMyPips]

thanks tuan tanah..

very helpful ni...

 

[IFCM IB Analists]

Technical Analysis - USDJPY

The fact that the currency pair were unable to penetrate confidently 21-day moving average at Y104.20, holds the attention of the market to lower levels. The first support are Y103.75 and Y103.16 (5-day moving average line and support of the channel from 27 March), but in the case of break a downward movement will continue to minimum near Y102.60 and upper clouds Ichimoku at Y102.23. A sure breakthrough of Y104.20 would pave the way for growth to Y105.43.

RES 4: Y107.47 61.8% Fibonacci downward correction from 114.64
RES 3: Y105.70 maximum of 2 May
RES 2: Y105.43 maximum of 14 May
RES 1: Y104.20 21-day moving average

current price (UTC: 8:00): Y104.00

SUP 1: Y102.60 minimum of 9, 12 May
SUP 2: Y102.23/28 Senko-Span-A line of Ichimoku, minimum of 18 April
SUP 3: Y101.94 38.2% Fibonacci correction of ascending movement from the minimum at Y96.88
SUP 4: Y101.50 Senko-Span-B line of Ichimoku

click here to the official website of IFC Markets​

 

[IFCM IB Analists]

Technical Analysis - EURGBP

by Shivam Machama (Senior Analyst)

21-day moving average now serves as a resistance togather with 5-day moving average of stg0.7920/35. After a bear crossing on the daily stochastik there is a risk on testing zone stg0.7823/70, although such a motion would be considered as part of a rising trend. The trend line from mid-February provids an additional support tonear stg0.7891.

RES 4: stg0.8110 2% envelope
RES 3: stg0.8100 maximum of April 16
RES 2: stg0.8035 maximum of 21 May, 1% envelope
RES 1: stg0.8020 current upper band of daily Bollinger Band

current price: Stg0.7909

SUP 1: stg0.7882 minimum of May 28
SUP 2: stg0.7870 1% envelope
SUP 3: stg0.7823 minimum of May 8
SUP 4: stg0.7768/90 correction of minimum from May 1, 2% envelope

Click here to the official website of IFC Markets​

 

[IFCM IB Analists]

Trade Advice

by Francois Bidwai (Ichimoku Specialist)

Euro/Dollar: The currency pair brock through broad clouds of Ichimoku and took a course to our next target at $1.5400. This morning it may try to stabilize the price above 61% Fibonacci correction level at $1.5485, but please note that momentum is ready to roll to bear side. If not today, then early next week we expect a breakthrough below.

Strategy. Set sell positions at 1.5500, reinforce positions till 1.5550, stop above 1.5655. Short-term target at 1.5400 and then at 1.5350.

Dollar/Yen. During yesterday's third-time test a new maximum has been recorded at 105.88 level. This morning we wait for signs of forming peak, then slowly return to 104.50 (if not at the end of the day, then early next week).

Strategy. Open short positions in the area of 105.30/105.50, stop above 105.95. Short-term target at 104.50, the next at 103.50.

Pound/Dollar. Many people watched, how Pound/Dollar was traded within a narrow range, while the Euro fell. Yesterday's short-term minimum indicated that the pair might be able to hold above 1.9700. Price movements of this week seem preparation for a serious upward movement this summer.

Strategy. Open small long positions at 1.9765, stop below 1.9670. Short-term target at 1.9850/1.9880, then at the figure of 2.0000.

click here to the official website of IFC Markets​

 

[IFCM IB Analists]

Technical Analysis - EURUSD

by Ajay Gautier (Junior Analyst)

Euro still trads below 21-day moving average, as well the $ 1.5552 level, which equals 50% fibonacci correction of the May rally. In connection with confirmation disservice crossing on the afternoon stohastike and momentume remain risks of further downward movement.

RES 4: $ 1.5817/30 daily maximum of 27 May, the peak Bollinger bands.
RES 3: $ 1.5749 support line from May 8
RES 2: $ 1.5640 50% downward correction of the movement with $ 1.5817 (the base at the level of $ 1.5463)
RES 1: $ 1.5570/92 21-day and 5-day moving average

current price: $ 1.5527

SUP 1: $ 1.5463 minimum of 30 May
SUP 2: $ 1.5398 minimum of 14 May
SUP 3: $ 1.5287 minimum of 8 May
SUP 4: $ 1.5232 50% fibonacci correction between $ 1.4444/1.6020

click here to the official website of IFC Markets​

 

[IFCM IB Analists]

Technical Analysis - EURJPY

by Shivam Machama (Senior Analyst)

Daily stochastik forms the bear intersection, as we are approaching to the resistance of Y164.75/96. The nearest resistance is at Y164.40/45, and support - at the levels of Y163.70 and Y162.40.

RES 4: Y166.65 maximum of 27 December
RES 3: Y166.65 2% envelope
RES 2: Y164.73/99 resistance from May 14, July 20, 1% envelope, maximum of 23 April
RES 1: Y164.40/45 76.4% fibonacci from the downward movement from the level of Y169.05 to Y149.33

current price: Y163.74

SUP 1: Y162.40 21-day moving average
SUP 2: Y161.70 1% envelope, the upper limit of Ichimoku cloud
SUP 3: Y160.10/30 2% envelope moving average, a minimum of 16 May
SUP 4: Y158.39/67 50% correction from ascending motion with Y151.82, at least 9 May

click here to the official website of IFC Markets​

 

[IFCM IB Analists]

Technical Analysis - GBPUSD

by Praful Narain (Technical Analyst)

Pound/Dollar fell below 21-day moving average, which now serves as an initial resistance at $ 1.9640. In the role of resistance is Fibonacci correction level of 50% of mid-May rally. The indicators stochastik and momentum formed a bear curve, so the technical picture remains weak and signals a falling to a level of Fibonacci and former minimum level at $1.9550, $1.9372.

RES 4: $ 1.9960/70 1% envelope, maximum of 21 April
RES 3: $ 1.9905 resistance line of 9 November
RES 2: $ 1.9850 maximum of 22, May 23
RES 1: $ 1.9680 minimum of 29 May, the level of a breakthrough

current price: $ 1.9676

SUP 1: 1.9602/06 minimum of 2 June, the former resistance line of 14 March
SUP 2: $ 1.9548 1% envelope, 61.8% correction level
SUP 3: $ 1.9505 minimum of 7.8 May
SUP 4: $ 1.9372 minimum of 14 May

Click here to the official website of IFC Markets​

 

[IFCM IB Analists]

Technical Analysis - EURJPY

By Francois Bidwai (Ichimoku Specialist)

The dramatic restoration of Euro/Yen destroyed bear signals given by stochastik and momentum. The currency pair is testing the area near resistance, the channel peak of mid-May at Y165.64. The breakthrough will make it possible to test maximums in the range at Y166.65/167.68.

RES 4: Y167.56/68 maximums of 10 October and 7 November
RES 3: Y166.90 2% envelope
RES 2: Y166.65 maximum of 27 December
RES 1: Y165.64 resistance on 14 May

current price: Y165.41

SUP 1: Y163.50 5-day moving average
SUP 2: Y162.75 21-day moving average
SUP 3: Y162.08 support from 12 May
SUP 4: Y161.60/95 upper side (Senkou Span-A) Ichimoku clouds, 1% envelope

Click here to the official website of IFC Markets​

economic calendar

Date Time Location(*) Indicator Period Unit Forecast Previous Actual


*) It's the time that the trade terminal shows (CET - Central European time)

06-Jun-08

07:45 France Trade Balance April Bln -4 -4.752

11:00 Germany Total Industrial Output April % 0.2 -0.5

12:00 Canada Jobs - Net Change May k 10 19.2

12:00 Canada Unemployment May % 6.1 6.1

13:30 United States Average Earnings May % 0.2 0.1

13:30 United States Non Farm Payrolls - Net Change May k -58 -20

13:30 United States Unemployment May % 5.1 5

15:00 United States Wholesale Inventories April % 0.3 -0.1

20:00 United States Consumer credit April Bln 7 15.29