US Session Bullet Report – The eye of the storm

2

Markets today have been very quiet with no significant movements. It seems as though investors are in stand-by mode in anticipation of next week.
Taking center stage next week on Thursday, will be the U.S Federal Reserve. The will she, won’t she dilemna on whether Fed Chair, Janet Yellen will lift interest rates will finally be answered.

Last Friday’s unexpected drop in unemployment, coupled with revised upward Q2 growth most certainly support the call for a hike. On the flipside, ongoing concerns over a global slowdown urge caution, so predicting which way this may go is a futile exercise.

Early next week we also have a series of key economic data from Asia and the Eurozone so we could be in for a rollercoaster ride. Today’s subdued trading could represent the eye of the storm ahead of next weeks potential hurricane.

Traders should be prepared and should apply prudent risk management. Make sure that there is sufficient equity to cover against the unexpected.
To find out more about Risk Management, please contact you relationship manager.

From everyone at easy forex, have a great weekend.

Trading quote of the day:

“The most important organ in the body as far as the stock market is concerned is the guts, not the head. Anyone can acquire the know-how for analyzing stocks.”

– Peter Lynch

EURUSD
Pivot: 1.1235
Likely scenario: Long positions above 1.1235 with targets @ 1.132 & 1.135 in extension.
Alternative scenario: Below 1.1235 look for further downside with 1.121 & 1.117 as targets.
Comment: The RSI lacks downward momentum.

GBPUSD
Pivot: 1.539
Likely scenario: Long positions above 1.539 with targets @ 1.5475 & 1.551 in extension.
Alternative scenario: Below 1.539 look for further downside with 1.5335 & 1.529 as targets.
Comment: The RSI lacks downward momentum.

 

AUDUSD
Pivot: 0.71
Likely scenario: Short positions below 0.71 with targets @ 0.7 & 0.697 in extension.
Alternative scenario: Above 0.71 look for further upside with 0.7125 & 0.7155 as targets.
Comment: The RSI is mixed to bearish.

3

USDJPY
Pivot: 121.3
Likely scenario: Short positions below 121.3 with targets @ 119.9 & 119.6 in extension.
Alternative scenario: Above 121.3 look for further upside with 121.75 & 122 as targets.
Comment: The RSI is mixed to bearish.

4

USDCAD
Pivot: 1.3175
Likely scenario: Long positions above 1.3175 with targets @ 1.327 & 1.331 in extension.
Alternative scenario: Below 1.3175 look for further downside with 1.315 & 1.3115 as targets.
Comment: The RSI is well directed.

5

USDCHF
Pivot: 0.9785
Likely scenario: Short positions below 0.9785 with targets @ 0.974 & 0.9695 in extension.
Alternative scenario: Above 0.9785 look for further upside with 0.9825 & 0.9855 as targets.
Comment: The RSI is mixed and calls for caution.

6

GOLD
Pivot: 1116
Likely scenario: Short positions below 1116 with targets @ 1101 & 1094 in extension.
Alternative scenario: Above 1116 look for further upside with 1126 & 1130.7 as targets.
Comment: As long as the resistance at 1116 is not surpassed, the risk of the break below 1101 remains high.

7

OIL
Pivot: 44
Likely scenario: Long positions above 44 with targets @ 46.05 & 46.4 in extension.
Alternative scenario: Below 44 look for further downside with 43.4 & 42.75 as targets.
Comment: Intraday technical indicators are mixed and call for caution.

8

DAX
Pivot: 10340
Likely scenario: Short positions below 10340 with targets @ 9881 & 9700 in extension.
Alternative scenario: Above 10340 look for further upside with 10525 & 10650 as targets.
Comment: The RSI is bearish and calls for further downside.

9

Important note: These technical and research reports are provided to easy-forex® as a subscriber of third party providers. They are provided for informative purposes only and in no way can they be considered as a recommendation by easy-forex® to you to engage in any trade. Hence, easy-forex® shall not be held responsible for any outcome of trading decisions, in regards with these reports or similar reports. You hereby acknowledge that using the information entailed in these reports is at your sole responsibility and you will have no claims with regards to these reports against easy-forex®. If you do not agree to this, you are strongly advised not to use these reports.

11

TIME IS IN GMT(+3)

Report prepared by the easy-forex VIP desk at 06:20 GMT.

The post US Session Bullet Report – The eye of the storm appeared first on Forex.Info.

Source:: US Session Bullet Report – The eye of the storm

Won't your trader friends like this?
easyMarkets
About the Author
With over a decade of trading expertise and 100,000 fulfilled clients in 160 countries worldwide, easyMarkets will tick all your boxes whether you are a new or experienced trader, affiliate or introducing broker. [space height="20"] Trade 300+ markets including currencies, commodities, metals, vanilla options and indices from one place without the jargon, complicated offers and confusing terms! [space height="20"] Welcome to the exciting world of trading. Welcome to easyMarkets.

Related Posts

Leave a Reply

*