Technical Analysis - 01/06/2016

EURUSD

The EURUSD pair closed on Tuesday, 31th of May 2016, at 1.11305. A breakout below daily pivot which is 1.11419 will technically lead us to S1 = 1.11109, and later to S2 = 1.10906. Overextension of price will lead us to S3, which is 1.10596. A breakout above daily pivot which is 1.11419 will technically lead us to R1 = 1.11622 and later to R2 = 1.11932. Overextension of price will lead us to R3, which is 1.12135. Exponential moving average of 21 periods indicates a bullish price movement.

Important Economic News

08:30 – GMT – GBP – Manufacturing PMI
14:00 – GMT – USD – ISM Manufacturing PMI
Pivot Point 1 Hour
S3 S2 S1 Daily Pivot R1 R2 R3
Classic 1.10596 1.10906 1.11109 1.11419 1.11622 1.11932 1.12135


USDJPY

The USDJPY pair closed on Tuesday, 31th of May 2016, at 110.693. A breakout below daily pivot which is 110.841 will technically lead us to S1 = 110.338 and later to S2 = 109.971 Overextension of price will lead us to S3, which is 109.468. A breakout above daily pivot which is 110.841 will technically lead us to R1 = 111.208, and later to R2 = 111.711. Overextension of price will lead us to R3, which is 112.078. Exponential moving average of 21 periods indicates a bearish price movement.

Pivot Point 1 Hour
S3 S2 S1 Daily Pivot R1 R2 R3
Classic 109.468 109.971 110.338 110.841 111.208 111.711 112.078


GBPUSD

The GBPUSD pair closed Tuesday, 31th of May 2016, at 1.44824. A breakout above daily pivot which is 1.45561 will technically lead us to R1 = 1.46488 and later to R2 = 1.48163. Overextension of price will lead us to R3, which is 1.49090. A breakout below daily pivot which is 1.45561 will technically lead us to S1 = 1.43886, and later to S2 = 1.42959. Overextension of price will lead us to S3, which is 1.41284. Exponential moving average of 21 periods indicates a bearish price movement.

Pivot Point 1 Hour
S3 S2 S1 Daily Pivot R1 R2 R3
Classic 1.41284 1.42959 1.43886 1.45561 1.46488 1.48163 1.49090


USDCHF

The USDCHF pair closed on Tuesday, 31th of May 2016, at 0.99364 A breakout above daily pivot which is 0.99245 will technically lead us to R1 = 0.99634 and later to R2 = 0.99893. Overextension of price will lead us to R3, which is 1.00282. A breakout below daily pivot which is 0.99245 will technically lead us to S1 = 0.98986, and later to S2 = 0.98597. Overextension of price will lead us to S3, which is 0.98338. Exponential moving average of 21 periods indicates a bearish price movement.

Pivot Point 1 Hour
S3 S2 S1 Daily Pivot R1 R2 R3
Classic 0.98338 0.98597 0.98986 0.99245 0.99634 0.99893 1.00282