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Monday Outlook on EVERYTHING


Jun.16.2014

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From the city that loves to trade, my name is Kiana Danial, they call me Invest Diva, the go to investing adviser who helps you make money the right way. Here your diamond analysis of a bunch of currency pairs dancing the week away on the forex dance floor.

EUR/USD

Our first pick is EUR/USD as Mr. Euro drags Ms. USA down towards our target at 1.345 and 1.33 in extension.

GBP/USD

Next is the GBP/USD pair who dancing within a bullish channel above the Ichimoku cloud, also is rapidly reaching our target at 1.704 and 1.74. The pip-making continues!

AUD/USD

Mr. Aussie has already broken above a falling wedge after an uptrend, dancing above the Ichimoku cloud, but he wasn’t able to break above the resistance level at 0.9420 last week. We are however looking for more upward dance moves towards 0.9540 and 0.9760. Now if the pair decides to o nuts and break below 0.92, we could see some down moves towards 0.9085 and 0.89 in extension.

AUDUSD technical forex analysis daily chart rising wedge ichimoku fibonacci RSI

Precious Metals

Precious metals are under pressure. Our gold outlook has turned bearish with first target set at 1235 and silver is also expected to decline further down towards 18.20

Hot market moving events

Don’t miss out on these events

1-      RBA monetary policy meeting minutes on Tuesday

2-      BOJ monetary policy meeting minutes also on Tuesday

3-      BOE MPC meeting minutes on Wednesday

4-      FOMC rate statement on Wednesday afternoon

5-      SNB interest rate statement on Thursday

 

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Intraday Forex Technical Levels

EUR/USD Intraday: under pressure.

Invest Diva likes: Short positions below 1.3555 with targets @ 1.351 & 1.347 in extension.

If pair goes nuts: Above 1.3555 look for further upside with 1.358 & 1.36 as targets.

What’s up on the forex dance floor: The pair is posting a rebound but stands below its resistance.

Supports and resistances:
1.36
1.358
1.3555
1.3541 Last
1.351
1.347
1.345

スライド1

GBP/USD Intraday: the upside prevails.

Invest Diva likes: Long positions above 1.6935 with targets @ 1.701 & 1.704 in extension.

If pair goes nuts: Below 1.6935 look for further downside with 1.6905 & 1.686 as targets.

What’s up on the forex dance floor: The pair is facing a pull back on its support.

Supports and resistances:
1.71
1.704
1.701
1.6967 Last
1.6935
1.6905
1.686

USD/JPY Intraday: the upside prevails.

Invest Diva likes: Long positions above 101.7 with targets @ 101.95 & 102.2 in extension.

If pair goes nuts: Below 101.7 look for further downside with 101.55 & 101.45 as targets.

What’s up on the forex dance floor: The pair is pulling back on its support.

Supports and resistances:
102.4
102.2
101.95
101.825 Last
101.7
101.55
101.45

スライド3

USD/CHF Intraday: the upside prevails.

Invest Diva likes: Long positions above 0.898 with targets @ 0.9015 & 0.9035 in extension.

If pair goes nuts: Below 0.898 look for further downside with 0.8955 & 0.894 as targets.

What’s up on the forex dance floor: The pair is pulling back on its support.

Supports and resistances:
0.906
0.9035
0.9015
0.8992 Last
0.898
0.8955
0.894

NZD/USD Intraday: bullish bias above 0.862.

Invest Diva likes: Long positions above 0.862 with targets @ 0.871 & 0.8745 in extension.

If pair goes nuts: Below 0.862 look for further downside with 0.8565 & 0.8525 as targets.

What’s up on the forex dance floor: Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

Supports and resistances:
0.878
0.8745
0.871
0.8678 Last
0.862
0.8565
0.8525

AUD/USD Intraday: intraday support around 0.937.

Invest Diva likes: Long positions above 0.937 with targets @ 0.9415 & 0.9435 in extension.

If pair goes nuts: Below 0.937 look for further downside with 0.9335 & 0.9315 as targets.

What’s up on the forex dance floor: A support base at 0.937 has formed and has allowed for a temporary stabilisation.

Supports and resistances:
0.946
0.9435
0.9415
0.9383 Last
0.937
0.9335
0.9315

 

USD/CAD Intraday: up turn.

Invest Diva likes: Long positions above 1.086 with targets @ 1.0905 & 1.092 in extension.

If pair goes nuts: Below 1.086 look for further downside with 1.0835 & 1.081 as targets.

What’s up on the forex dance floor: The break above 1.086 is a positive signal that has opened a path to 1.0905.

Supports and resistances:
1.095
1.092
1.0905
1.0875 Last
1.086
1.0835
1.081

US Daily Index

S&P500

Short positions below 1940 with targets @ 1912 & 1906 in extension.

Alternative scenario: Above 1940 look for further upside with 1948 & 1951 as targets.

Dow Jones 

Short positions below 16805 with targets @ 16585 & 16480 in extension.

Alternative scenario: Above 16805 look for further upside with 16880 & 16925 as targets.

Nasdaq 100 (CME)

Short positions below 3800 with targets @ 3728 & 3701 in extension.

Alternative scenario: Above 3800 look for further upside with 3814 & 3839 as targets.

Russell 2000 (ICE) 

Short positions below 1168 with targets @ 1136 & 1124 in extension.

Alternative scenario: Above 1168 look for further upside with 1175 & 1192 as targets.

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