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Market Analysis & Updates by Bulls Capital Markets

AUD/USD : The RSI seems to have rolled over around 50, whilst the Stochastics are also in the process of rolling over again. The importance of this resistance is growing. For the past three weeks the Aussie has struggled to make the breakout but the range play continues.
EUR/USD : A decisive move below the support at $1.1330 would open for further correction and the pivot around $1.1200 comes back into play again. With so much contradictory news flow over Greece though, it is volatility that will be the only certainty in the coming days.
USD/JPY :The daily momentum indicators continue their corrective slide but we see this as a near term correction which will be seen to form support before the next leg higher. We have been expecting this support to come around the 122.02 old breakout level but it is possible that with the strength of this 50% Fib level it may be that this is the basing process right now.

Friday, 19 Jun, 2015 / 11:46

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