Category: Technial Analysis
USDCAD: ⬇️ Sell – USDCAD broke key support level 1.3630 – Likely to fall to support level 1.3500 USDCAD currency pair recently broke the key support level 1.3630, which previously formed the daily Hammer reversal pattern at the start of June. The breakout of the support level 1.3630 should accelerate the active impulse wave C […]
USDCHF: ⬇️ Sell – USDCHF broke support level 0.8170 – Likely to fall to support level 0.8050 USDCHF currency pair recently broke the key support level 0.8170, which stopped the previous waves B and 1, as can be seen below. The breakout of the support level 0.8170 coincided with the breakout of the daily Descending […]
Platinum: ⬆️ Buy – Platinum broke resistance zone – Platinum to rise to resistance level 1350.00 Platinum continues to rise strongly after the recent breakout of the resistance zone between the key resistance level 1200.00 and the resistance trendline of the accelerated up-channel from May. Platinum previously broke another up channel from April – which […]
EURCHF: ⬇️ Sell – EURCHF reversed from the resistance zone – Likely to fall to support level 0.9300 EURCHF currency pair recently reversed down from the resistance zone between the key resistance level 0.9410 (which has been reversing the price from April), the upper daily Bollinger Band and the 50% Fibonacci correction of the downward […]
EURUSD quotes are edging lower ahead of the US CPI release. The current price stands at 1.1416. Discover more in our forecast for 11 June 2025. EURUSD forecast: key trading points The US dollar finds support amid easing trade tensions between the US and China The US Commerce Secretary expressed optimism about China lifting restrictions […]
The US federal budget deficit could trigger a rally in XAUUSD towards the 3,400 USD level. Find more details in our forecast for 11 June 2025. XAUUSD forecast: key trading points US Consumer Price Index (CPI): previously at 2.3%, projected at 2.5% US federal budget statement: previously at 258.0 billion, projected at -314.3 billion Current […]
Cisco: ⬇️ Sell – Cisco reversed from the key resistance level 65.60 – Likely to fall to support level 62.20 Cisco recently reversed down from the key resistance level 65.60 (which has been reversing the price from the start of February). The downward reversal from the resistance level 65.60 created the daily Japanese candlesticks reversal […]
IBM: ⬆️ Buy – IBM broke key resistance level 270.00 – Likely to rise to the resistance level 290.00 IBM broke above the key resistance level 270.00 (which stopped the previous impulse wave (1) in the middle of May). The breakout the resistance level 270.00 accelerated the minor impulse wave 3 of the intermediate impulse […]
Here is a detailed daily technical analysis and forecast for EURUSD, USDJPY, GBPUSD, AUDUSD, USDCAD, XAUUSD and Brent for 11 June 2025. EURUSD forecast On the H4 chart, EURUSD is forming a consolidation range around 1.1414 without a clear trend. Today, 11 June 2025, a downward expansion to 1.1333 is expected. Once this level is […]
The decline in Japan’s CGPI contributes to the rise in the USDJPY pair, with quotes likely to test the 146.00 level in the near term. Find out more in our analysis for 11 June 2025. USDJPY forecast: key trading points Japan’s Corporate Goods Price Index (CGPI): previously at 4.1%, currently at 3.2% US core Consumer […]