Technical analysis of EUR/USD for June 26, 2015 Market Analysis Review

Overview:

• The strong resistance has been already set at the level of 1.1322, and the support has been set at 1.1161 (the weekly double bottom). Today, we will see a breakout above the minor resistance at the level of 1.1220. Therefore, according to the previous events, the price has still moved between 1.1160 and 1.1220. The range is going to be around 120 pips today if the trend manages to break the minor resistance at 1.1220. Consequently, the trend is calling for a bullish market at the level of 1.1220 in the H1 time frame. Hence, above 1.1215 look for further upside move with a target at 1.1263 if it can break the support at 1.1263. So, the price will continue towards 1.1322 today. However, the stop loss should always be in account. If you sell at 1.1220, you should place your stop loss below the last bearish wave at 1.1166.

Notes:

• Projected high: 1.1322.
• Pivot: 1.1215
• Projected low: 1.1160

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Technical analysis of USD/CHF for June 26, 2015 Market Analysis Review

Overview:

• According to the previous events, the USD/CHF pair is still moving between 0.9315 and 0.9471.
• So, the resistance is at the level of 0.9471 and support was found at the point of 0.9315. Sell below 0.9471 with the first target at 0.9395, then it will call for a downtrend in order to continue its bearish movement towards 0.9320 in order to test this strong support.
• The level of 0.9315 is going to form the double bottom).
• At the same time, the stop loss should be placed at the level of 00.9582.
• On the other hand, if the trend fails to close below the level of 0.9395, buy in the long term at 0.9400 with a target at 0.9452 and at 0.9471 later.

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Technical analysis of USD/JPY for June 25, 2015 Market Analysis Review

USD/JPY is expected to trade in a lower range. It is undermined by the flows to the safe-haven yen amid increased risk aversion (VIX fear gauge rose 9.5% to 13.26, S&P 500 closed 0.74% lower at 2,108.58 overnight) on renewed worries over Greece's debt crisis. After a list of economic measures, Greece said it was willing to undertake in exchange for financial aid, was rejected. USD/JPY is also weighed by lower US Treasury yields (10-year slipped 3.7 bps to 2.372% Wednesday) and Japan's exports. But USD sentiment is soothed as the US Q1 GDP was revised to -0.2% from previous estimate of -0.7%. USD/JPY losses are also tempered by the demand from the Japanese importers and the Bank of Japan's ultra-loose monetary policy.

Technical comment:

The daily chart is mixed as stochastics is rising from oversold levels but the MACD is bearish, bearish shooting-star candlestick pattern was completed on Wednesday.

Trading recommendations:

The pair is trading above its pivot point. It is likely to trade in a wider range as long as it remains above its pivot point. As long as the price holds above its pivot point, long positions are recommended with the first target at 124.60 and the second target at 125. In the alternative scenario, short positions are recommended with the first target at 123.30 if the price moves below its pivot points. A break of this target is likely to push the pair further downwards, and one may expect the second target at 122.95. The pivot point is at 124.15.

Resistance levels: 124.60 125 125.45

Support levels: 122.30 122.95 122.55

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Technical analysis of USD/CHF for June 25, 2015 Market Analysis Review

USD/CHF is expected to consolidate with buoyant tone. It is underpinned by the franc sales on the buoyant EUR/CHF cross, the negative Swiss interest rates. and the threat of the Swiss National Bank to carry out CHF-selling intervention.

Technical comment:

The daily chart is positive-biased as the MACD and stochastics are bullish although inside-day-range pattern was completed on Wednesday.

Trading recommendations:

The pair is trading above its pivot point. It is likely to trade in a wider range as long as it remains above its pivot point. As long as the price holds above its pivot point, long positions are recommended with the first target at 0.9415 and the second target at 0.9460. In the alternative scenario, short positions are recommended with the first target at 0.9280 if the price moves below its pivot points. A break of this target is likely to push the pair further downwards, and one may expect the second target at 0.9250. The pivot point is at 0.9320.

Resistance levels: 0.9415 0.9460 0.95

Support levels: 0.9280 0.9250 0.92

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Technical analysis of NZD/USD for June 25, 2015 Market Analysis Review

NZD/USD is expected to consolidate with bullish bias. It is supported by the kiwi demand on retreating AUD/NZD cross. But NZD/USD gains are tempered by the increased investor risk aversion, divergent monetary stances of the Reserve Bank of New Zealand and the US Federal Reserve, and soft dairy prices.

Technical comment:

The daily chart is mixed as the MACD is bearish, five and 15-day moving averages are declining but stochastics is turned bullish at oversold levels.

Trading recommendations:

The pair is trading above its pivot point. It is likely to trade in a wider range as long as it remains above its pivot point. As long as the price holds above its pivot point, long positions are recommended with the first target at 0.6930 and the second target at 0.6950. In the alternative scenario, short positions are recommended with the first target at 0.6850 if the price moves below its pivot points. A break of this target is likely to push the pair further downwards, and one may expect the second target at 0.6815. The pivot point is at 0.6875.

Resistance levels: 0.6930 0.6950 0.6970

Support levels: 0.6850 0.6815 0.6770

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Technical analysis of GBP/JPY for June 25, 2015 Market Analysis Review

GBP/JPY is expected to trade in a higher range. It is supported by the steady GBP/USD undertone and demand from Japan's importers. But GBP/JPY upside is limited by the Japanese exports.

Technical comment:

The daily chart still is negative-biased as the MACD and stochastics are bearish. Five-day moving average is below 15-day moving average are declining, although inside-day-range pattern was completed on Wednesday.

Trading recommendations:

The pair is trading above its pivot point. It is likely to trade in a wider range as long as it remains above its pivot point. As long as the price holds above its pivot point, long positions are recommended with the first target at 195 and the second target at 195.50. In the alternative scenario, short positions are recommended with the first target at 193.20 if the price moves below its pivot points. A break of this target is likely to push the pair further downwards, and one may expect the second target at 192.60. The pivot point is at 193.60.

Resistance levels: 195 195.50 196

Support levels: 193.20 192.60 192

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GBP/USD intraday technical levels and trading recommendations for June 25, 2015 Market Analysis Review

Overview:

On March 2, a bearish breakout of the lower limit of the previous daily channel occurred enhancing the bearish side of the market. Persistence below the zone between 1.4950 and 1.5000 indicated a further bearish decline towards 1.4700.

Shortly after, the bearish trend was resumed towards the level of 1.4550 where a lower daily bottom (which initiated the ongoing bullish swing) was reached. A daily closure above 1.5060 exposed the next resistance levels at 1.5400 and 1.5450 where a temporary bearish pullback took place on April 29.

The next bullish swing extended up to the levels of 1.5750-1.5800 which offered a valid sell entry. The final bearish target at 1.5450 was already reached.

Recently, higher highs around the level of 1.5200 were hit. That applied strong bullish pressure over the resistance level around 1.5800 via the ongoing bullish swing.

That is why the resistance level at 1.5800 was temporarily breached by the strong bullish momentum. Hence, GBP/USD bulls pursued towards 100% Fibonacci Expansion located around 1.5900.

Risky traders could have taken a valid sell entry anywhere around 1.5900-1.5930. It's already running in profits now ( almost +200 pips).

Trading Recommendations:

Conservative traders can wait for a pullback towards 1.5780 for a low-risk sell entry. Initial T/P levels are located at 1.5780, 1.5700 and 1.5600 while S/L should be set above 1.5900.

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