HiWayFX - Analytics

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    Technical Analysis - 02/06/2016

    EURUSD

     

    The EURUSD pair closed on Wednesday, 1st of June 2016, at 1.11866. A breakout above daily pivot which is 1.11646 will technically lead us to R1 = 1.12156, and later to R2 = 1.12447. Overextension of price will lead us to R3, which is 1.12957. A breakout below daily pivot which is 1.11646 will technically lead us to S1 = 1.11355 and later to S2 = 1.10845. Overextension of price will lead us to S3, which is 1.10554. Exponential moving average of 21 periods indicates a bullish price movement.

    Important Economic News

    • 08:30 – GMT – GBP – Construction PMI
    • 11:45 – GMT – EUR – Minimum Bit Rate
    • 12:15 – GMT – USD – ADP Non-Farm Employment Change
    • 12:30 – GMT – EUR – ECB Press Conference
    • 12:30 – GMT – USD – Unemployment Claims
    • 13:00 – GMT – GBP – BOE Gov Carney Speaks
    • 15:45 – GMT – USD – Crude Oil Inventories

    Pivot Point 1 Hour

     

      S3 S2 S1 Daily Pivot R1 R2 R3
    Classic 1.10554 1.10845 1.11355 1.11646 1.12156 1.12447 1.12957


    USDJPY

     

    The USDJPY pair closed on Wednesday, 1st of June 2016, at 109.511. A breakout below daily pivot which is 109.772 will technically lead us to S1 = 108.740 and later to S2 = 107.963 Overextension of price will lead us to S3, which is 106.931. A breakout above daily pivot which is 110.841 will technically lead us to R1 = 110.549, and later to R2 = 111.581. Overextension of price will lead us to R3, which is 112.358. Exponential moving average of 21 periods indicates a bearish price movement.

    Pivot Point 1 Hour

     

      S3 S2 S1 Daily Pivot R1 R2 R3
    Classic 106.931 107.963 108.740 109.772 110.549 111.581 112.358


    GBPUSD

     

    The GBPUSD pair closed on Wednesday, 1st of June 2016, at 1.44107. A breakout below daily pivot which is 1.44333 will technically lead us to S1 = 1.43613 and later to S2 = 1.43116. Overextension of price will lead us to S3, which is 1.42396. A breakout above daily pivot which is 1.44333 will technically lead us to R1 = 1.44830, and later to R2 = 1.45550. Overextension of price will lead us to R3, which is 1.46047. Exponential moving average of 21 periods indicates a bearish price movement.

    Pivot Point 1 Hour

     

      S3 S2 S1 Daily Pivot R1 R2 R3
    Classic 1.42396 1.43116 1.43613 1.44333 1.44830 1.45550 1.46047


    USDCHF

     

    The USDCHF pair closed on Wednesday, 1st of June 2016, at 0.98822 A breakout below daily pivot which is 0.98974 will technically lead us to S1 = 0.98444 and later to S2 = 0.98081. Overextension of price will lead us to S3, which is 1.97551. A breakout above daily pivot which is 0.98974 will technically lead us to R1 = 0.99337, and later to R2 = 0.99867. Overextension of price will lead us to R3, which is 1.00230. Exponential moving average of 21 periods indicates a bearish price movement.

    Pivot Point 1 Hour

     

      S3 S2 S1 Daily Pivot R1 R2 R3
    Classic 1.97551 0.98081 0.98444 0.98974 0.99337 0.99867 1.00230



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