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Weekly FX Market Analysis: June 13 - 17, 2016

Published 06/13/2016, 10:08 AM
Updated 07/09/2023, 06:31 AM

In this week's market analysis, we will look at potential trading opportunities and zones where we should look for evidence and potential moves.

Pairs and markets analyzed this week: AUD/USD, Crude oil, CHF/JPY, EUR/USD, EUR/NZD, Gold, GBP/CAD and Silver


AUD/USD: Price at deciding zoneAUD/USD Chart

AUD/USD price is at a zone; watch out for bullish evidence and a potential move to the upside from this zone. However, if the price goes through this zone, you can expect it to go as low as 0.72

Crude oil: Price action at major resistance Crude Oil Chart

Crude oil just had a price action at resistance zone 49.2-50.7. Potential move to the downside from this zone.

CHF/JPY: Price action watch CHF/JPY Chart

CHF/JPY: Watch out for bearish price action near zone 112.7-112 and a potential move to the downside from this major zone. Strong downtrend.

EUR/USD: Still going short

EUR/USD Chart

As mentioned last week, we were waiting for a bearish evidence to go short, and this is what we did when we saw a night engulfing reversal candle on June 9th. For those who went short, you should watch out for bullish evidence and a potential move to the upside from major zone 1.116-1.110.

EUR/NZD: Testing a strong support zone EUR/NZD Chart

EUR/NZD price is testing a strong support zone at 1.589-1.581. Watch out for bullish evidence and a potential move to the upside from this major zone.

Gold: Still long, but beware the zone Gold Chart

We are still going long, not selling yet. However, gold is approaching resistance zone 1303-1293. Watch out for bearish evidence and a potential move to the downside from this major zone.

GBP/CAD: Testing support zone, waiting for price action GBP/CAD Chart

GBP/CAD is testing a support zone 1.813-1.828. Watch out for bullish evidence and a potential move to the upside from this major zone.

Silver: Still going long, but approaching resistance zone Silver Chart

We are still going long, not selling yet. However, silver is approaching resistance zone 17.76-17.96. Watch out for bearish evidence and a potential move to the downside from this major zone.

Disclaimer: Views on the charts are not advice nor a recommendation; this is educational and general information only.

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