Daily Technical Analysis 6/13/2024

Finance and economics explained simply
Daily Technical Analysis 6/13/2024

EUR/USD

The Eurodollar is stabilizing this morning after the pair rose on the news of inflation data and the interest rate decision and is trading at $ 1.0808 by 0.94% from a technical point of view: It rose from the second support area up to the pivot point and has covered the last gap and is currently testing the first support area Stabilizing above these levels opens the way to return to the pivot point in the first stage and then the resistance area, and the alternative scenario is to fall by targeting the second support area

Upcoming news that may affect the movement of the euro dollar:

  • Unemployment rates 16:30
  • PPI 16:30

Second resistance area

1.09256 - 1.09378

First resistance area

1.08700 - 1.08843

fulcrum

1.08372

First support area

1.08017-1.0795

Second support area

1.07486 - 1.07422

GBP/USD

The British pound is falling against the US dollar this morning after yesterday's decline and breaking the uptrend and is currently trading at 1.2784 levels and from a technical point of view: The British pound has broken the uptrend and is testing the resistance zone from possible scenarios: The pair rose on the news and reached the resistance zone on the four-hour time frame, and we may see a retest of the area, and the alternative scenario is downward, targeting the levels of 1.26832

Upcoming news that could affect the movement of the British pound:

  • Unemployment rates 16:30
  • Producer Price Index 16:30

Second resistance area

1.25423 - 1.25282

First resistance area

1.24750 - 1.24554

fulcrum

1.23827

First support area

1.23093 - 1.22931

Second support area

1.22089 - 1.21847

USD/JPY

The dollar is rising in the Asian session this morning and is currently trading at 157.205 levels, technically speaking: The dollar rose from the first resistance area to the second resistance area in an attempt to target the levels of 157.873, and the possible scenarios include reaching the levels of 157.873 and 158.034, and the alternative scenario is to fall by targeting the first resistance levels

Upcoming news that may affect the movement of the dollar/yen:

  • Unemployment rates 16:30
  • Producer Price Index 16:30

Second resistance area

156.341 - 156.260

First resistance area

155.406 - 155.343

fulcrum

154.394

First support area

152.846 - 155.741

Second support area

151.681 - 151.639

AUD/USD

The Aussie fell against the US dollar last week and rose yesterday on economic news and fell this morning by 0.20% and is currently trading at 0.6650 and technically: The prices rose and reached the third resistance zone, and the possible scenarios are the continuation of the decline by targeting the second resistance zone, and the alternative scenario is the retest of the third resistance zone

News that may affect the movement of the Australian dollar against the US dollar:

  • Unemployment rates 16:30
  • Producer Price Index 16:30

Second resistance area

0.66143 - 0.66231

First resistance area

0.65663 - 0.65783

fulcrum

0.65217

First support area

0.64541 - 0.64633

Second support area

0.60219 – 0.59604

USOIL

Oil prices rose yesterday and this morning oil is down 0.09% and is currently trading at $78.12 per barrel. Technically, after the prices stabilized the first support area, they rose and reached the pivot point at 77.47, and the possible scenarios are for prices to rise by targeting the first resistance area as a retest, and the alternative scenario is to fall by targeting the first support area as a retest

Upcoming news may affect the movement of oil:

Second resistance area

81.71 - 82.00

First resistance area

79.08 - 79.38

fulcrum

77.47

First support area

75.20 - 75.67

Second support area

73.13 - 73.62

XAU/USD

The euro is down this morning and is trading at $1.0843, down 0.12% technically: The euro from the pivot area at 1.08372 and reaches the first resistance area and fails to break the area and then draws the price rebound from the levels of the pivot area and targets the pivot area and then the first support area and the alternative scenario and then goes to the second resistance area.

Upcoming news that could affect gold:

  • Unemployment rates 16:30
  • Producer Price Index 16:30

Second resistance area

2446.43 - 2451.17

First resistance area

1.08843 - 1.08700

fulcrum

1.08843 - 1.08700

First support area

1.08843 - 1.08700

Second support area

1.08843 - 1.08700

Related Posts