Technical Analysis - 08/06/2016

EURUSD

The EURUSD pair closed on Tuesday, 7th of June 2016, at 1.13556. A breakout below daily pivot which is 1.13581 will technically lead us to S1 = 1.13365, and later to S2 = 1.13163. Overextension of price will lead us to S3, which is 1.12947. A breakout above daily pivot which is 1.13581 will technically lead us to R1 = 1.13783 and later to R2 = 1.13999. Overextension of price will lead us to R3, which is 1.14201. Exponential moving average of 21 periods indicates a bullish price movement.

Important Economic News

08:30 – GMT – GBP – Manufacturing Production m/m
14:30 – GMT – CAD – Crude Oil Inventories
21:00 – GMT – NZD – Official Cash Rate
21:00 – GMT – NZD – RBNZ Rate Statement
23:00 – GMT – NZD – RBNZ Press Conference
Pivot Point 1 Hour
S3 S2 S1 Daily Pivot R1 R2 R3
Classic 1.12947 1.13163 1.13365 1.13581 1.13783 1.13999 1.14201


USDJPY

The USDJPY pair closed on Tuesday, 7th of June 2016, at 107.314. A breakout below daily pivot which is 107.449 will technically lead us to S1 = 107.022 and later to S2 = 106.697 Overextension of price will lead us to S3, which is 106.270. A breakout above daily pivot which is 107.449 will technically lead us to R1 = 107.774, and later to R2 = 108.201. Overextension of price will lead us to R3, which is 108.526. Exponential moving average of 21 periods indicates a bearish price movement.

Pivot Point 1 Hour
S3 S2 S1 Daily Pivot R1 R2 R3
Classic 106.270 106.697 107.022 107.449 107.774 108.201 108.526


GBPUSD

The GBPUSD pair closed on Tuesday, 7th of June 2016, at 1.45377. A breakout below daily pivot which is 1.45439 will technically lead us to S1 = 1.44319 and later to S2 = 1.43204. Overextension of price will lead us to S3, which is 1.42084. A breakout above daily pivot which is 1.45439 will technically lead us to R1 = 1.46554, and later to R2 = 1.47674. Overextension of price will lead us to R3, which is 1.48789. Exponential moving average of 21 periods indicates a bearish price movement.

Pivot Point 1 Hour
S3 S2 S1 Daily Pivot R1 R2 R3
Classic 1.42084 1.43204 1.44319 1.45439 1.46554 1.47674 1.48789


USDCHF

The USDCHF pair closed on Tuesday, 7th of June 2016, at 0.96527 A breakout below daily pivot which is 0.96693 will technically lead us to S1 = 0.96255 and later to S2 = 0.96005. Overextension of price will lead us to S3, which is 1.95567. A breakout above daily pivot which is 0.96693 will technically lead us to R1 = 0.96943, and later to R2 = 0.97381. Overextension of price will lead us to R3, which is 0.97631. Exponential moving average of 21 periods indicates a bearish price movement.

Pivot Point 1 Hour
S3 S2 S1 Daily Pivot R1 R2 R3
Classic 1.95567 0.96005 0.96255 0.96693 0.96943 0.97381 0.97631

Wednesday, 08 Jun, 2016 / 6:03

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Source : https://www.hiwayfx.com/tools/technical-analysis/technical-analysis-08-06-2016