HiWayFX - Analytics

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    Technical Analysis - 16/06/2016

    EURUSD

    The EURUSD pair closed on Wednesday, 15th of June 2016, at 1.12615. A breakout above daily pivot which is 1.12484 will technically lead us to R1 = 1.13083, and later to R2 = 1.13575. Overextension of price will lead us to R3, which is 1.14174. A breakout below daily pivot which is 1.12484 will technically lead us to S1 = 1.11992 and later to S2 = 1.11393. Overextension of price will lead us to S3, which is 1.10901. Exponential moving average of 21 periods indicates a bullish price movement.

    Important Economic News

    • 08:30 – GMT – GBP – Retail Sales m/m
    • 11:00 – GMT – GBP – MPC Official Bank Rate Votes
    • 11:00 – GMT – GBP – Monetary Policy Summary
    • 11:00 – GMT – GBP – Official Bank Rate
    • 12:30 – GMT – GBP – MPC Official Bank Rate Votes
    • 12:30 – GMT – USD – CPI m/m
    • 12:30 – GMT – USD – Core CPI m/m
    • 12:30 – GMT – USD – Philly Fed Manufacturing Index
    • 12:30 – GMT – USD – Unemployment Claims
    • 20:00 – GMT – GBP – BOE Gov Carney Speaks

    Pivot Point 1 Hour

     

      S3 S2 S1 Daily Pivot R1 R2 R3
    Classic 1.10901 1.11393 1.13083 1.12484 1.13083 1.13575 1.14174


    USDJPY

     

    The USDJPY pair closed on Wednesday, 15th of June 2016, at 105.980. A breakout above daily pivot which is 105.930 will technically lead us to R1 = 106.444 and later to R2 = 106.886 Overextension of price will lead us to R3, which is 107.400. A breakout below daily pivot which is 105.930 will technically lead us to S1 = 105.488, and later to S2 = 104.974. Overextension of price will lead us to S3, which is 104.532. Exponential moving average of 21 periods indicates a bearish price movement.

    Pivot Point 1 Hour

     

      S3 S2 S1 Daily Pivot R1 R2 R3
    Classic 104.532 104.974 105.488 105.930 106.444 106.886 107.400


    GBPUSD

     

    The GBPUSD pair closed on Wednesday, 15th of June 2016, at 1.42015. A breakout above daily pivot which is 1.41672 will technically lead us to R1 = 1.42499 and later to R2 = 1.42982. Overextension of price will lead us to R3, which is 1.43809. A breakout below daily pivot which is 1.41672 will technically lead us to S1 = 1.41189, and later to S2 = 1.40362. Overextension of price will lead us to S3, which is 1.39879. Exponential moving average of 21 periods indicates a bearish price movement.

    Pivot Point 1 Hour

     

      S3 S2 S1 Daily Pivot R1 R2 R3
    Classic 1.39879 1.40362 1.41189 1.41672 1.42499 1.42982 1.43809


    USDCHF

     

    The USDCHF pair closed on Wednesday, 15th of June 2016, at 0.96114 A breakout below daily pivot which is 0.96218 will technically lead us to S1 = 0.95805 and later to S2 = 0.95491. Overextension of price will lead us to S3, which is 1.95078. A breakout above daily pivot which is 0.96398 will technically lead us to R1 = 0.96532, and later to R2 = 0.96945. Overextension of price will lead us to R3, which is 0.97259. Exponential moving average of 21 periods indicates a bearish price movement.

    Pivot Point 1 Hour

     

      S3 S2 S1 Daily Pivot R1 R2 R3
    Classic 1.95078 0.95491 0.95805 0.96218 0.96532 0.96945 0.97259



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