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Technical Analysis - 03/06/2016

EURUSD

The EURUSD pair closed on Thursday, 2nd of June 2016, at 1.11523. A breakout below daily pivot which is 1.11721 will technically lead us to S1 = 1.11243, and later to S2 = 1.10974. Overextension of price will lead us to S3, which is 1.10496. A breakout above daily pivot which is 1.11721 will technically lead us to R1 = 1.11990 and later to R2 = 1.12468. Overextension of price will lead us to R3, which is 1.12737. Exponential moving average of 21 periods indicates a bullish price movement.

Important Economic News

08:30 – GMT – GBP – Service PMI
12:30 – GMT – CAD – Trade Balance
12:30 – GMT – USD – Average Hourly Earnings m/m
12:30 – GMT – USD – Non-Farm Employment Change
12:30 – GMT – USD – Unemployment Rate
14:00 – GMT – USD – ISM Non-Manufacturing PMI
Pivot Point 1 Hour
S3 S2 S1 Daily Pivot R1 R2 R3
Classic 1.10496 1.10974 1.11243 1.11721 1.11990 1.12468 1.12737


USDJPY

The USDJPY pair closed on Thursday, 2nd of June 2016, at 108.848. A breakout below daily pivot which is 108.978 will technically lead us to S1 = 108.393 and later to S2 = 107.926 Overextension of price will lead us to S3, which is 107.341. A breakout above daily pivot which is 110.108978 will technically lead us to R1 = 109.445, and later to R2 = 110.030. Overextension of price will lead us to R3, which is 110.497. Exponential moving average of 21 periods indicates a bearish price movement.

Pivot Point 1 Hour
S3 S2 S1 Daily Pivot R1 R2 R3
Classic 107.341 107.926 108.393 108.978 109.445 110.030 110.497


GBPUSD

The GBPUSD pair closed on Thursday, 2nd of June 2016, at 1.44192. A breakout below daily pivot which is 1.44316 will technically lead us to S1 = 1.43916 and later to S2 = 1.43624. Overextension of price will lead us to S3, which is 1.43224. A breakout above daily pivot which is 1.44316 will technically lead us to R1 = 1.44608, and later to R2 = 1.45008. Overextension of price will lead us to R3, which is 1.45300. Exponential moving average of 21 periods indicates a bearish price movement.

Pivot Point 1 Hour
S3 S2 S1 Daily Pivot R1 R2 R3
Classic 1.43224 1.43624 1.43916 1.44316 1.44608 1.45008 1.45300


USDCHF

The USDCHF pair closed on Thursday, 2nd of June 2016, at 0.99032 A breakout above daily pivot which is 0.98902 will technically lead us to R1 = 0.99227 and later to R2 = 0.99422. Overextension of price will lead us to R3, which is 1.99747. A breakout below daily pivot which is 0.98902 will technically lead us to S1 = 0.98707, and later to S2 = 0.98382. Overextension of price will lead us to S3, which is 0.98187. Exponential moving average of 21 periods indicates a bearish price movement.

Pivot Point 1 Hour
S3 S2 S1 Daily Pivot R1 R2 R3
Classic 0.98187 0.98382 0.98707 0.98902 0.99227 0.99422 1.99747

Friday, 03 Jun, 2016 / 9:19

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Source : https://www.hiwayfx.com/tools/technical-analysis/technical-analysis-03-06-2016

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