Technical Analysis - 15/06/2016

EURUSD

The EURUSD pair closed on Thursday, 14th of June 2016, at 1.12056. A breakout below daily pivot which is 1.12291 will technically lead us to S1 = 1.11605, and later to S2 = 1.11192. Overextension of price will lead us to S3, which is 1.10506. A breakout above daily pivot which is 1.12291 will technically lead us to R1 = 1.12704 and later to R2 = 1.13390. Overextension of price will lead us to R3, which is 1.13803. Exponential moving average of 21 periods indicates a bullish price movement.

Important Economic News

08:30 – GMT – GBP – Average Earnings Index 3m/y
08:30 – GMT – GBP – Claimant Count Change
12:30 – GMT – CAD – Manufacturing Sales m/m
12:30 – GMT – USD – PPI m/m
14:30 – GMT – USD – Crude Oil Inventories
18:00 – GMT – USD – FOMC Economic Projections
18:00 – GMT – USD – FOMC Statement
18:00 – GMT – USD – Federal Funds Rate
18:30 – GMT – USD – FOMC Press Conference
22:45 – GMT – NZD – GDP q/q
23:55 – GMT – USD – BOC Gov Poloz Speaks
Pivot Point 1 Hour
S3 S2 S1 Daily Pivot R1 R2 R3
Classic 1.10506 1.11192 1.11605 1.12291 1.12704 1.13390 1.13803


USDJPY

The USDJPY pair closed on Thursday, 14th of June 2016, at 106.035. A breakout above daily pivot which is 106.024 will technically lead us to R1 = 106.441 and later to R2 = 106.819 Overextension of price will lead us to R3, which is 107.236. A breakout below daily pivot which is 106.024 will technically lead us to S1 = 105.646, and later to S2 = 105.229. Overextension of price will lead us to S3, which is 104.851. Exponential moving average of 21 periods indicates a bearish price movement.

Pivot Point 1 Hour
S3 S2 S1 Daily Pivot R1 R2 R3
Classic 104.851 105.229 105.646 106.024 106.441 106.819 107.236


GBPUSD

The GBPUSD pair closed on Thursday, 14th of June 2016, at 1.41059. A breakout below daily pivot which is 1.41542 will technically lead us to S1 = 1.40439 and later to S2 = 1.39779. Overextension of price will lead us to S3, which is 1.38676. A breakout above daily pivot which is 1.41542 will technically lead us to R1 = 1.42202, and later to R2 = 1.43305. Overextension of price will lead us to R3, which is 1.43965. Exponential moving average of 21 periods indicates a bearish price movement.

Pivot Point 1 Hour
S3 S2 S1 Daily Pivot R1 R2 R3
Classic 1.38676 1.39779 1.40439 1.41542 1.42202 1.43305 1.43965


USDCHF

The USDCHF pair closed on Thursday, 14th of June 2016, at 0.96326 A breakout below daily pivot which is 0.96398 will technically lead us to S1 = 0.96118 and later to S2 = 0.95919. Overextension of price will lead us to S3, which is 1.95639. A breakout above daily pivot which is 0.96398 will technically lead us to R1 = 0.96597, and later to R2 = 0.96877. Overextension of price will lead us to R3, which is 0.97076. Exponential moving average of 21 periods indicates a bearish price movement.

Pivot Point 1 Hour
S3 S2 S1 Daily Pivot R1 R2 R3
Classic 1.95639 0.95919 0.96118 0.96398 0.96597 0.96877 0.97076