Forecast for GBP/USD on June 27, 2019

GBP/USD

Over the past day, the British pound exchange rate has not changed a point to the current moment. Yesterday, the price channel line on the daily chart and the MACD line on the four-hour chart were strong resistance. On H4, the situation is completely decreasing, the Marlin oscillator remains in the growth zone. If we assume that when the neutral line touches the signal line, the Marlin signal line on the daily can turn around, then the available distance on the indicator is enough to reduce the price to the nearest target level of 1.2610 (minimum of August 15, 2018). The consolidation of the price below the level opens the way to a further decline – 1.2530, 1.2300/10 (November 2016 minimum).

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The material has been provided by InstaForex Company – www.instaforex.com

Forecast for AUD/USD on June 27, 2019

AUD/USD

Yesterday, the Australian dollar grew by 25 points, showing steady growth over all the graphical and resistance indicator on the daily chart. The growth target of 0.7048 is the upper limit of the price channel.

But the observed growth has a big pitfall – on the four-hour chart, the Marlin oscillator is steadily declining against the price growth. Soon, the signal line may be in the negative zone and the growth will weaken with a possible subsequent reversal. The target of 0.7048 may not be reached.

For a full reversal, the price needs to go under the MACD line on the daily chart (0.6945). Below is the MACD line on the chart of the lower scale (0.6935), but if the price overcomes the support on the daily chart, it will be a matter of a short time to go under the MACD line on H4.

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EUR/USD approaching support, potential bounce!

EURUSD is approaching support where we might see a bounce in price.Entry: 1.1310Why it’s good : Horizontal pullback support, 38.2% fibonacci retracement, 61.8% Fibonacci extension Stop Loss : 1.1245Why it’s good : Horizontal pullback support, 100% Fibo…

AUD/USD surpassed resistance, potential further rise!

Price surpassed its resistance and we expect to see a further rise to its next resistance at 0.7012.
Entry : 0.6987Why it’s good : key resistance turned support, horizontal pullback support
Stop Loss : 0.6959Why it’s good : 38.2% Fibonacci retracement,…

USD/JPY break out, potential bounce !

Price is bouncing up the resistance-turned-support level and could bounce further.Entry : 107.828Why it’s good : horizontal overlap resistanceTake Profit : 108.727Why it’s good :horizontal swing high resistance, 50% Fibonacci retracementThe material ha…

Fractal analysis of major currency pairs on June 27

Forecast for June 27:

Analytical review of H1-scale currency pairs:

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For the euro / dollar pair, the key levels on the H1 scale are: 1.1452, 1.1428, 1.1404, 1.1388, 1.1353, 1.1334 and 1.1305. Here, we continue to follow the development of the ascending structure of June 18. The continuation of the movement to the top, is expected after the passage of the price of the noise range 1.1388 – 1.1404. In this case, the target is 1.1428, wherein consolidation is near this level. For the potential value for the top, we consider the level of 1.1452. After reaching which, we expect a departure to the correction.

Short-term downward movement is possible in the range of 1.1353 – 1.1334. The breakdown of the latter value will lead to in-depth correction. Here, the goal is 1.1305. This level is a key support for the top.

The main trend is the upward structure of June 18, the stage of correction.

Trading recommendations:

Buy 1.1405 Take profit: 1.1428

Buy 1.1430 Take profit: 1.1452

Sell: 1.1353 Take profit: 1.1335

Sell: 1.1332 Take profit: 1.1305

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For the pound / dollar pair, the key levels on the H1 scale are: 1.2906, 1.2842, 1.2798, 1.2745, 1.2668, 1.2636 and 1.2608. Here, we are following the development of the ascending structure of June 18. We expect a continuation of the upward movement after the breakdown of the level of 1.2745. In this case, the first target is 1.2798. Short-term upward movement is possible in the range 1.2798 – 1.2842. The breakdown of the latter value will lead to movement to the potential target – 1.2906. Upon reaching this level, we expect a rollback to the bottom.

Short-term downward movement is expected in the range of 1.2668 – 1.2636. The breakdown of the last value will lead to a prolonged correction. Here, the target is 1.2608. This level is a key support for the top.

The main trend is the ascending structure of June 18.

Trading recommendations:

Buy: 1.2745 Take profit: 1.2798

Buy: 1.2800 Take profit: 1.2842

Sell: 1.2668 Take profit: 1.2636

Sell: 1.2634 Take profit: 1.2608

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For the dollar / franc pair, the key levels on the H1 scale are: 0.9847, 0.9824, 0.9769, 0.9738, 0.9688 and 0.9651. Here, we are following the development of the downward cycle of June 19. At the moment, the price is in the correction zone. The continuation of the movement to the bottom is expected after the breakdown of the level of 0.9688. Here, the potential target is 0.9651. From the range of 0.9688 – 0.9651, we expect to go to the correction zone.

Consolidated movement is possible in the range of 0.9738 – 0.9769. The breakdown of the latter value will lead to the development of a protracted correction. Here, the goal is 0.9824. The range 0.9824 – 0.9847 is a key support for the downward structure. Before it, we expect the initial conditions for the upward cycle.

The main trend is the downward cycle of June 19, the stage of correction.

Trading recommendations:

Buy : 0.9738 Take profit: 0.9767

Buy : 0.9773 Take profit: 0.9824

Sell: Take profit:

Sell: 0.9686 Take profit: 0.9653

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For the dollar / yen pair, the key levels on the scale are : 108.12, 107.77, 107.15, 106.65, 106.35 and 105.94. Here, the price is in deep correction and forms the potential for the top of June 25. The expected initial conditions for the top are expected to level 108.12. The continuation of the movement to the bottom is expected after the breakdown of the level of 107.15. Here, the target is 106.65. The breakdown of which, in turn, will allow us to count on the movement to the level 106.35, where consolidation is near this value. For now, the potential value for the bottom, we considered the level of 105.94. After reaching which, we expect to go into correction.

The main trend: the downward cycle of June 17, the stage of deep correction.

Trading recommendations:

Buy: 107.78 Take profit: 108.10

Sell: 107.15 Take profit: 106.67

Sell: 106.62 Take profit: 106.37

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For the Canadian dollar / US dollar pair, the key levels on the H1 scale are: 1.3235, 1.3208, 1.3162, 1.3137, 1.3104, 1.3069, 1.3027 and 1.3001. Here, the next targets for the downward movement we determined from the local structure on June 25th. Short-term movement to the bottom is expected in the range of 1.3104 – 1.3069. The breakdown of the latter value should be accompanied by a pronounced downward movement. Here, the target is 1.3027. Consolidation is in the range of 1.3027 – 1.3001.

Short-term upward trend is possible in the range of 1.3137 – 1.3162. The breakdown of the latter value will lead to a prolonged correction. Here, the target is 1.3208. Before the noise range of 1.3208 – 1.3235, we expect clearance of the expressed initial conditions for the upward cycle.

The main trend is a local downward structure from June 25.

Trading recommendations:

Buy: 1.3137 Take profit: 1.3162

Buy : 1.3164 Take profit: 1.3208

Sell: 1.3104 Take profit: 1.3070

Sell: 1.3067 Take profit: 1.3027

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For the pair Australian dollar / US dollar, the key levels on the H1 scale are : 0.7097, 0.7077, 0.7039, 0.7012, 0.6972, 0.6954 and 0.6927. Here, we are following the development of the ascending structure of June 18. The continuation of the movement to the top is expected after the breakdown of the level of 0.7012. In this case, the goal is 0.7039, near this level is a price consolidation. The breakdown of the level of 0.7040 must be accompanied by a pronounced upward movement. Here, the goal is 0.7077. For the potential value for the top, we consider the level of 0.7097. Upon reaching this level, we expect a consolidated movement in the range of of 0.7077 – 0.7097, as well as a rollback to the bottom.

Short-term downward movement is possible in the range of 0.6972 – 0.6954. The breakdown of the latter value will lead to a prolonged correction. Here, the target is 0.6927. This level is a key support for the top.

The main trend is the upward structure on June 18.

Trading recommendations:

Buy: 0.7012 Take profit: 0.7037

Buy: 0.7041 Take profit: 0.7077

Sell : 0.6972 Take profit : 0.6955

Sell: 0.6952 Take profit: 0.6930

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For the euro / yen pair, the key levels on the H1 scale are: 123.73, 123.49, 123.11, 122.82, 122.31, 122.08 and 121.74. Here, we clarified the key objectives for the ascending structure of June 21. The continuation of the movement to the top is expected after the breakdown of the level of 122.82. In this case, the goal is 123.11, near this level is a price consolidation. The breakdown of the level of 123.11 should be accompanied by a pronounced upward movement to the level of 123.49. We consider the level 123.73 to be a potential value for the top. After reaching which, we expect consolidation, as well as a rollback to the bottom.

Short-term downward movement is expected in the corridor 122.31 – 122.08. The breakdown of the last value will lead to a prolonged correction. Here, the goal is 121.74. This level is a key support for the upward structure.

The main trend is the ascending structure of June 21.

Trading recommendations:

Buy: 122.82 Take profit: 123.10

Buy: 123.14 Take profit: 123.49

Sell: 122.30 Take profit: 122.10

Sell: 122.06 Take profit: 121.76

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For the pound / yen pair, the key levels on the H1 scale are : 138.04, 137.60, 137.30, 136.92, 136.09, 135.77 and 135.32. Here, we continue to monitor the formation of the potential for the top of June 18. The continuation of the movement to the top, is expected after the breakdown of 136.92. In this case, the first goal is 137.30. Short-term upward movement, as well as consolidation is in the corridor 137.30 – 137.60. For the potential value for the top, we consider the level of 138.04. The movement to which is expected after the breakdown of the level of 137.60.

Short-term downward movement is possible in the range of 136.09 – 135.77. The breakdown of the latter value will have to the formation of a downward structure. Here, the potential target is 135.32.

The main trend – the formation of potential for the top of June 18.

Trading recommendations:

Buy: 136.92 Take profit: 137.30

Buy: 137.32 Take profit: 137.60

Sell: 136.09 Take profit: 135.77

Sell: 135.76 Take profit: 135.34

The material has been provided by InstaForex Company – www.instaforex.com

Fractal analysis of major currency pairs on June 27

Forecast for June 27:

Analytical review of H1-scale currency pairs:

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For the euro / dollar pair, the key levels on the H1 scale are: 1.1452, 1.1428, 1.1404, 1.1388, 1.1353, 1.1334 and 1.1305. Here, we continue to follow the development of the ascending structure of June 18. The continuation of the movement to the top, is expected after the passage of the price of the noise range 1.1388 – 1.1404. In this case, the target is 1.1428, wherein consolidation is near this level. For the potential value for the top, we consider the level of 1.1452. After reaching which, we expect a departure to the correction.

Short-term downward movement is possible in the range of 1.1353 – 1.1334. The breakdown of the latter value will lead to in-depth correction. Here, the goal is 1.1305. This level is a key support for the top.

The main trend is the upward structure of June 18, the stage of correction.

Trading recommendations:

Buy 1.1405 Take profit: 1.1428

Buy 1.1430 Take profit: 1.1452

Sell: 1.1353 Take profit: 1.1335

Sell: 1.1332 Take profit: 1.1305

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For the pound / dollar pair, the key levels on the H1 scale are: 1.2906, 1.2842, 1.2798, 1.2745, 1.2668, 1.2636 and 1.2608. Here, we are following the development of the ascending structure of June 18. We expect a continuation of the upward movement after the breakdown of the level of 1.2745. In this case, the first target is 1.2798. Short-term upward movement is possible in the range 1.2798 – 1.2842. The breakdown of the latter value will lead to movement to the potential target – 1.2906. Upon reaching this level, we expect a rollback to the bottom.

Short-term downward movement is expected in the range of 1.2668 – 1.2636. The breakdown of the last value will lead to a prolonged correction. Here, the target is 1.2608. This level is a key support for the top.

The main trend is the ascending structure of June 18.

Trading recommendations:

Buy: 1.2745 Take profit: 1.2798

Buy: 1.2800 Take profit: 1.2842

Sell: 1.2668 Take profit: 1.2636

Sell: 1.2634 Take profit: 1.2608

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For the dollar / franc pair, the key levels on the H1 scale are: 0.9847, 0.9824, 0.9769, 0.9738, 0.9688 and 0.9651. Here, we are following the development of the downward cycle of June 19. At the moment, the price is in the correction zone. The continuation of the movement to the bottom is expected after the breakdown of the level of 0.9688. Here, the potential target is 0.9651. From the range of 0.9688 – 0.9651, we expect to go to the correction zone.

Consolidated movement is possible in the range of 0.9738 – 0.9769. The breakdown of the latter value will lead to the development of a protracted correction. Here, the goal is 0.9824. The range 0.9824 – 0.9847 is a key support for the downward structure. Before it, we expect the initial conditions for the upward cycle.

The main trend is the downward cycle of June 19, the stage of correction.

Trading recommendations:

Buy : 0.9738 Take profit: 0.9767

Buy : 0.9773 Take profit: 0.9824

Sell: Take profit:

Sell: 0.9686 Take profit: 0.9653

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For the dollar / yen pair, the key levels on the scale are : 108.12, 107.77, 107.15, 106.65, 106.35 and 105.94. Here, the price is in deep correction and forms the potential for the top of June 25. The expected initial conditions for the top are expected to level 108.12. The continuation of the movement to the bottom is expected after the breakdown of the level of 107.15. Here, the target is 106.65. The breakdown of which, in turn, will allow us to count on the movement to the level 106.35, where consolidation is near this value. For now, the potential value for the bottom, we considered the level of 105.94. After reaching which, we expect to go into correction.

The main trend: the downward cycle of June 17, the stage of deep correction.

Trading recommendations:

Buy: 107.78 Take profit: 108.10

Sell: 107.15 Take profit: 106.67

Sell: 106.62 Take profit: 106.37

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For the Canadian dollar / US dollar pair, the key levels on the H1 scale are: 1.3235, 1.3208, 1.3162, 1.3137, 1.3104, 1.3069, 1.3027 and 1.3001. Here, the next targets for the downward movement we determined from the local structure on June 25th. Short-term movement to the bottom is expected in the range of 1.3104 – 1.3069. The breakdown of the latter value should be accompanied by a pronounced downward movement. Here, the target is 1.3027. Consolidation is in the range of 1.3027 – 1.3001.

Short-term upward trend is possible in the range of 1.3137 – 1.3162. The breakdown of the latter value will lead to a prolonged correction. Here, the target is 1.3208. Before the noise range of 1.3208 – 1.3235, we expect clearance of the expressed initial conditions for the upward cycle.

The main trend is a local downward structure from June 25.

Trading recommendations:

Buy: 1.3137 Take profit: 1.3162

Buy : 1.3164 Take profit: 1.3208

Sell: 1.3104 Take profit: 1.3070

Sell: 1.3067 Take profit: 1.3027

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For the pair Australian dollar / US dollar, the key levels on the H1 scale are : 0.7097, 0.7077, 0.7039, 0.7012, 0.6972, 0.6954 and 0.6927. Here, we are following the development of the ascending structure of June 18. The continuation of the movement to the top is expected after the breakdown of the level of 0.7012. In this case, the goal is 0.7039, near this level is a price consolidation. The breakdown of the level of 0.7040 must be accompanied by a pronounced upward movement. Here, the goal is 0.7077. For the potential value for the top, we consider the level of 0.7097. Upon reaching this level, we expect a consolidated movement in the range of of 0.7077 – 0.7097, as well as a rollback to the bottom.

Short-term downward movement is possible in the range of 0.6972 – 0.6954. The breakdown of the latter value will lead to a prolonged correction. Here, the target is 0.6927. This level is a key support for the top.

The main trend is the upward structure on June 18.

Trading recommendations:

Buy: 0.7012 Take profit: 0.7037

Buy: 0.7041 Take profit: 0.7077

Sell : 0.6972 Take profit : 0.6955

Sell: 0.6952 Take profit: 0.6930

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For the euro / yen pair, the key levels on the H1 scale are: 123.73, 123.49, 123.11, 122.82, 122.31, 122.08 and 121.74. Here, we clarified the key objectives for the ascending structure of June 21. The continuation of the movement to the top is expected after the breakdown of the level of 122.82. In this case, the goal is 123.11, near this level is a price consolidation. The breakdown of the level of 123.11 should be accompanied by a pronounced upward movement to the level of 123.49. We consider the level 123.73 to be a potential value for the top. After reaching which, we expect consolidation, as well as a rollback to the bottom.

Short-term downward movement is expected in the corridor 122.31 – 122.08. The breakdown of the last value will lead to a prolonged correction. Here, the goal is 121.74. This level is a key support for the upward structure.

The main trend is the ascending structure of June 21.

Trading recommendations:

Buy: 122.82 Take profit: 123.10

Buy: 123.14 Take profit: 123.49

Sell: 122.30 Take profit: 122.10

Sell: 122.06 Take profit: 121.76

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For the pound / yen pair, the key levels on the H1 scale are : 138.04, 137.60, 137.30, 136.92, 136.09, 135.77 and 135.32. Here, we continue to monitor the formation of the potential for the top of June 18. The continuation of the movement to the top, is expected after the breakdown of 136.92. In this case, the first goal is 137.30. Short-term upward movement, as well as consolidation is in the corridor 137.30 – 137.60. For the potential value for the top, we consider the level of 138.04. The movement to which is expected after the breakdown of the level of 137.60.

Short-term downward movement is possible in the range of 136.09 – 135.77. The breakdown of the latter value will have to the formation of a downward structure. Here, the potential target is 135.32.

The main trend – the formation of potential for the top of June 18.

Trading recommendations:

Buy: 136.92 Take profit: 137.30

Buy: 137.32 Take profit: 137.60

Sell: 136.09 Take profit: 135.77

Sell: 135.76 Take profit: 135.34

The material has been provided by InstaForex Company – www.instaforex.com

Technical analysis of ETH/USD for 27/06/2019:

Crypto Industry News:The recent Firefox vulnerability has been exploited in the attacks on the leading cryptographic exchange and Coinbase portfolio service, according to a published Tweet by Philip Martin, a Coinbase security researcher.As Martin disc…

Technical analysis of ETH/USD for 27/06/2019:

Crypto Industry News:The recent Firefox vulnerability has been exploited in the attacks on the leading cryptographic exchange and Coinbase portfolio service, according to a published Tweet by Philip Martin, a Coinbase security researcher.As Martin disc…

Technical analysis of BTC/USD for 27/06/2019:

Crypto Industry News:The potential reduction in interest rates by the US central bank is clearly one of the reasons for the recent rise of Bitcoin, said Jim Reid, a board member of Deutsche Bank in a TV interview. Reid, the head of global core credit s…

Technical analysis of GBP/USD for 27/06/2019:

Technical Overview:The GBP/USD pair has moved lower to test the support at the level of 1.2668 as the market conditions were overbought and bounced a little from the support. The local high was made at the level of 1.2706, but it is not enough for the …

Technical analysis of EUR/USD for 27/06/2019:

Technical Overview:The EUR/USD pair has moved down to test the technical support located at the level of 1.1347 due to the overbought market conditions and weaker than before momentum oscillator. There is still a chance for a move up if the support hol…

Technical analysis of EURUSD for June 27

As expected and shown by our latest analysis on EURUSD, price was expected to pull back towards 1.1350-1.1330 at least. This is shown by the red rectangle in the following chart. Yesterday and today price touched this target area.Red rectangle – suppor…

Technical analysis of Gold for June 27

Gold price has pulled back towards $1,400 as expected and noted in our previous posts. The risk reward ratio did not favor bulls and as the RSI was giving bearish divergence signs, we said that we prefer to take profits and stay neutral when price was …

BTC 06.26.2019 – Total control from buyers

BTC has been trading upwards as I expected. My yesterday’s target at the price of $12.000 has been met and broken. New formation suggests more upside to come and potential test of $13.400. Watch for buying opportunities.

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Gray rectangle – Resistance broken

Orange rectangle- Target projection

Both Stochastic and RSI are in the overbought condition but this is the case because of the strong upward trend. Most recently there is the breakout of smaller ascending triangle in the background, which is another sign of the strong BTC. The projected target is set at the price of $13.400. As long as the BTC is trading above the $12.284, I would watch for long positions. MACD oscillator is showing the new momentum UP and it is confirming buyers domination.

The material has been provided by InstaForex Company – www.instaforex.com

GBP/USD 06.26.2019 – Upward movement very possible

GBP/USD has been trading downwards in past 24 hours but I found potential end of the downward correction and new wave up. Strong support has been seen at the price of 1.2660. Watch for buying opportunities.

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Gray rectangle – support

Yellow rectangle- Resistance

Blue rectangle – Resistance

Middle red line – 20 EMA

The Stochastic oscillator is showing the oversold condition and flip up, which are signs that selling looks risky and that new buying may come. The level of 1.2660 is acting like a strong support and as long as the GBP is trading above that support, I would watch for buying opportunities. RSI oscillator is trying to go again above 50 level, which is another bullish sign. My advice is to watch for buying opportunities since I expect that GBP trade towards the resistance at 1.2766.

The material has been provided by InstaForex Company – www.instaforex.com

Gold 06.26.2019 -20 EMA test on the 4H timeframe

Gold has been trading lower in past 24 hours. Anyway, I found that there is the potential end of the downward correction and that buyers might establish new buying positions. Support is found at the price of $1.401. Watch for buying opportunities.

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Gray rectangle – support

Second gray rectangle- Support 2

Blue rectangle – Resistance

Middle red line – 20 EMA support

The 20 exponential moving average at the price of $1.404 held successfully, which is sign that sellers got exhausted there and that buyers may join. The Stochastic oscillator is showing us that there is the oversold condition and flip up, which is good sign for further strength on the Gold. Upward target is set at the price of $1.435. Support levels are found at $1.401 and $1.381. As long as the Gold is trading in upward channel, I would watch only for buying opportunities on the dips.

The material has been provided by InstaForex Company – www.instaforex.com