News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.

0

Notifications

Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
Subscribe
Please try again
EUR/USD
Mixed
Oil - US Crude
Bearish
Wall Street
Mixed
Gold
Bearish
GBP/USD
Bullish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
USD/JPY
Bullish
More View more
Real Time News
  • Heads Up:🇺🇸 Goods Trade Balance Adv (MAY) due at 12:30 GMT (15min) Previous: $-85.23B https://www.dailyfx.com/economic-calendar#2021-06-24
  • Heads Up:🇺🇸 Durable Goods Orders Ex Transp MoM (MAY) due at 12:30 GMT (15min) Expected: 0.8% Previous: 1% https://www.dailyfx.com/economic-calendar#2021-06-24
  • Heads Up:🇺🇸 Initial Jobless Claims (19/JUN) due at 12:30 GMT (15min) Expected: 380K Previous: 412K https://www.dailyfx.com/economic-calendar#2021-06-24
  • Heads Up:🇺🇸 Jobless Claims 4-week Average (JUN/19) due at 12:30 GMT (15min) Previous: 395K https://www.dailyfx.com/economic-calendar#2021-06-24
  • Heads Up:🇺🇸 Continuing Jobless Claims (12/JUN) due at 12:30 GMT (15min) Expected: 3470K Previous: 3518K https://www.dailyfx.com/economic-calendar#2021-06-24
  • Forex Update: As of 12:00, these are your best and worst performers based on the London trading schedule: 🇳🇿NZD: 0.20% 🇯🇵JPY: 0.17% 🇪🇺EUR: 0.08% 🇦🇺AUD: -0.01% 🇨🇭CHF: -0.06% 🇬🇧GBP: -0.48% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/AL18fhN28M
  • Heads Up:🇺🇸 Corporate Profits QoQ Final (Q1) due at 12:30 GMT (15min) Previous: -3.3% https://www.dailyfx.com/economic-calendar#2021-06-24
  • Heads Up:🇺🇸 PCE Prices QoQ Final (Q1) due at 12:30 GMT (15min) Expected: 3.7% Previous: 1.5% https://www.dailyfx.com/economic-calendar#2021-06-24
  • Heads Up:🇺🇸 GDP Price Index QoQ Final (Q1) due at 12:30 GMT (15min) Expected: 4.3% Previous: 1.9% https://www.dailyfx.com/economic-calendar#2021-06-24
  • Heads Up:🇺🇸 Core PCE Prices QoQ Final (Q1) due at 12:30 GMT (15min) Expected: 2.5% Previous: 1.3% https://www.dailyfx.com/economic-calendar#2021-06-24
Weekly Price & Time: Mid-June Key For Gold

Weekly Price & Time: Mid-June Key For Gold

Kristian Kerr, Sr. Currency Strategist

Talking Points

  • EUR/USD rebounds from key support zone
  • USD/JPY nearing important resistance zone
  • GOLD break below major support zone

To receive Kristian’s analysis directly via email, please SIGN UP HERE.

Weekly Foreign Exchange Price & Time at a Glance:

Weekly Price & Time Analysis: EUR/USD

Weekly Price & Time: Mid-June Key For Gold

Charts Created using Marketscope – Prepared by Kristian Kerr

  • EUR/USD touched its lowest level since early February on Thursday before reversing sharply form just below the 4th square root relationship of the year’s high near 1.3520
  • Our broader bias is negative on the Euro while below 1.3755
  • A daily close under 1.3520 is needed to confirm a resumption of the broader decline
  • A cycle turn window was seen this week so caution is required
  • A move through 1.3755 is needed to shift the broader trend bias to positive

Weekly EUR/USD Strategy: Like the short side while under 1.3755.

Instrument

Support 2

Support 1

Spot

Resistance 1

Resistance 2

EUR/USD

*1.3520

1.3585

1.3630

*1.3755

1.3825

Weekly Price & Time Analysis: USD/JPY

Weekly Price & Time: Mid-June Key For Gold

Charts Created using Marketscope – Prepared by Kristian Kerr

  • USD/JPY has moved steadily higher since undercutting the 200-day moving average late last month
  • Our broader bias is negative in the rate while below 104.40
  • A close under 101.35 will signal a resumption of the broader decline
  • The middle of next week is another important turn window related to the 2011 in the exchange rate
  • Only strength over 104.40 will turn us positve on USD/JPY

Weekly USD/JPY Strategy: We like tactical short positions in USD/JPY while below 104.40 on a weekly close basis.

Instrument

Support 2

Support 1

Spot

Resistance 1

Resistance 2

USD/JPY

100.75

*101.35

102.50

103.10

*104.40

Weekly Price & Time Analysis: GOLD

Weekly Price & Time: Mid-June Key For Gold

Charts Created using Marketscope – Prepared by Kristian Kerr

  • XAU/USD touched its lowest level since late January this week
  • Our broader trend bias is now lower while below 1286
  • The 1210/20 area looks like a key downside atteraction
  • The middle of June looks to be an important time period for the metal
  • A daily close back over 1286 would turn us positive on the yellow metal

Weekly XAU/USD Strategy: Square.

Instrument

Support 2

Support 1

Spot

Resistance 1

Resistance 2

XAU/USD

*1210/20

1240

1242

*1286

1300

Unfamiliar with Gann Square Root Relationships? Learn more about them HERE.

--- Written by Kristian Kerr, Senior Currency Strategist for DailyFX.com

This publication attempts to further explore the concept that mass movements of human psychology, as represented by the financial markets, are subject to the mathematical laws of nature and through the use of various geometric, arithmetic, statistical and cyclical techniques a better understanding of markets and their corresponding movements can be achieved

To contact Kristian, e-mail instructor@dailyfx.com. Follow me on Twitter @KKerrFX

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES