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41
Forex / USDCAD and USDCNH: USDCAD is t...
Last post by PocketOption - Jun 12, 2024, 08:03 am
USDCAD and USDCNH: USDCAD is treading above 1.37800 level

USD/CAD

USDCAD and USDCNH: USDCAD is treading above 1.37800 level



  • On Monday, the USDCAD rose to 1.37819 levels, followed by a pullback at 1.37500. 

  • Pair USDCNH continues this week with previous bullish consolidation.


USDCAD chart analysis


On Monday, the USDCAD rose to 1.37819 levels, followed by a pullback at 1.37500. This morning’s Asian trading session brought stability and initiated a recovery to the 1.37750 level. Now, all eyes are on the US session, which is expected to increase volatility and reveal the direction we continue. A break above the 1.37820 level could push us to a new weekly high.


Potential higher targets are 1.38000 and 1.38200 levels. We need a negative consolidation pullback below the 1.37500 support level for a bearish option. This leads to the formation of a new weekly low and confirms that the dollar is under pressure, and the pair could drop to lower levels. Potential lower targets are 1.37400 and 1.37200 levels.


USDCAD chart analysis


 


USDCNH chart analysis


Pair USDCNH continues this week with previous bullish consolidation. In the previous hour, we tested this week’s high at 7.27270. We have been in a bullish consolidation since the morning and expect to see a continuation to the bullish side. The pair has a chance to climb to a new weekly high. Potential higher targets are 7.27400 and 7.27600 levels.


We need a negative consolidation and pullback to the 7.26500 level for a bearish option. There we test the daily open price and the EMA50 moving average. A pullback below will strengthen the bearish momentum to the weekly open price 7.26290. This zone is very important for a longer-term view of USDCNH movements. A drop below forms a new weekly low and thus confirms the bearish primacy. Potential lower targets are 7.26200 and 7.26000 levels.


USDCNH chart analysis


 


The post USDCAD and USDCNH: USDCAD is treading above 1.37800 level appeared first on FinanceBrokerage.


Source: USDCAD and USDCNH: USDCAD is treading above 1.37800 level
42
Forex / EURAUD and EURNZD: EURNZD on t...
Last post by PocketOption - Jun 12, 2024, 08:03 am
EURAUD and EURNZD: EURNZD on the way to 1.75000 support

EURAUD and EURNZD charts analysis cover

EURAUD and EURNZD: EURNZD on the way to 1.75000 support



  • The EURAUD made a significant move yesterday, retreating to a new low at the 1.62610 level.

  • During this morning’s Asian trading session, the EURNZD continued its bearish consolidation, a trend that requires careful consideration. 


EURAUD chart analysis


The EURAUD made a significant move yesterday, retreating to a new low at the 1.62610 level. This was a notable event, indicating a potential shift in the market. This morning in the Asian session, we witnessed a recovery to 1.63300 levels, but the pair encountered the EMA200 moving average and initiated a new pullback. The pair has now retreated below the daily open price, moving to the negative side. It is currently at the 1.62785 level and close to revisiting yesterday’s low.


Potential lower targets are 1.62600 and 1.62400 levels. We need a positive consolidation and a return above the 1.63000 level for a bullish option. Then, we have to stay there in order to wait for a new impulse to continue to the bullish side. Potential higher targets are 1.63200 and 1.63400 levels.


EURAUD chart analysis


 


EURNZD chart analysis


During this morning’s Asian trading session, the EURNZD continued its bearish consolidation, a trend that requires careful consideration. We saw a break below yesterday’s support at the 1.75500 level, and a new weekly low was formed at the 1.75238 level. There are good chances for a further retreat to a new lower low. Potential lower targets are 1.75000 and 1.74800 levels, indicating the need for caution in the current market conditions.


For a bullish option, we need the initiation of a positive consolidation and a return above the 1.75600 level, which is a key resistance level. After that, the pair would have to stabilize there before continuing to the bullish side. Potential higher targets are 1.75800 and 1.76000 levels, which are significant resistance levels. We could encounter higher resistance at 1.76200 in the EMA200 moving average.


EURNZD chart analysis


 


The post EURAUD and EURNZD: EURNZD on the way to 1.75000 support appeared first on FinanceBrokerage.


Source: EURAUD and EURNZD: EURNZD on the way to 1.75000 support
43
Forex / Nifty above 23400 for the firs...
Last post by PocketOption - Jun 12, 2024, 08:03 am
Nifty above 23400 for the first time, German 40 in retreat

Nifty Index Cover image 2

Nifty above 23400 for the first time, German 40 in retreat



  • The value of the Nifty index rose above 23400.00 for the first time yesterday.

  • The German 40 index has been in retreat since the beginning of this week.


Nifty chart analysis


The value of the Nifty index rose above 23400.00 for the first time yesterday. A new all-time high was formed at the 23411.90 level. Today’s movement is in a narrow range of 23200.00-23400.00. Slight bearish pressure as we failed to climb to a new high. The market is now closed, and we are waiting for the opening of the next session. It is possible that we will see a pullback within a broader ascending channel.


Potential lower targets are 23000.00 and 22800.00 levels. EMA200 is a step lower at the 22650.00 level. If we see momentum above this consolidation, we will see the formation of a new all-time high. Potential higher targets are 23500.00 and 23600.00 levels.


Nifty chart analysis


 


German 40 chart analysis


The German 40 index has been in retreat since the beginning of this week. At the opening of the market, we see a bearish gap. After that, the index starts a bearish consolidation and goes down to 18360.0 levels. We got support yesterday and recovered this morning to 18550.0, closing the gap from Monday’s market opening. From there we see the initiation of a bearish impulse that pulls us up to 18351.9 levels to a new weekly low.


Potential lower targets are 18300.0 and 18250.0 levels. We need a positive consolidation and a new pullback up to the 18550.0 level for a bullish option. After that, we need an impulse above EMA200 to get rid of the bearish pressure. With this, we form a new weekly high, which could pull German 40 to start a further recovery. Potential higher targets are 18600.0 and 18650.0 levels.


German 40 chart analysis


 


The post Nifty above 23400 for the first time, German 40 in retreat appeared first on FinanceBrokerage.


Source: Nifty above 23400 for the first time, German 40 in retreat
44
Forex / S&P 500 and Nasdaq record new ...
Last post by PocketOption - Jun 12, 2024, 08:03 am
S&P 500 and Nasdaq record new all-time high values

Vital differences between the NASDAQ 100 VS the S&P 500

S&P 500 and Nasdaq record new all-time high values



  • The value of the S&P 500 climbed to a new all-time high on Friday at the 5375.7 level. 

  • The Nasdaq rose to 19116.5 on Friday night, forming a new all-time high.


S&P 500 chart analysis


The value of the S&P 500 climbed to a new all-time high on Friday at the 5375.7 level. By the time the market closed, the price had retreated to 5342.0 levels. Yesterday’s movement was in the 5330.0-5365.0 range. Today, we continue in the same range, and so far we have failed to move above the upper line. The index has initiated a pullback to 5350.0 in the last few hours, testing the EMA50 moving average here.


Looking ahead, it’s possible that we will test the daily open price before finding new support. Potential higher targets are 5370.0 and 5380.0 levels, indicating a bullish trend. However, for a bearish option, we need to see a drop below the 5340.0 level. We are gradually moving below the weekly open price to the negative side, suggesting a potential downward trend. Additional support in the 5320.0 zone is the EMA200 moving average, which could provide a strong support level.


S&P 500 chart analysis


 


Nasdaq chart analysis


The Nasdaq rose to 19116.5 on Friday night, forming a new all-time high. Yesterday and today, the index movement occurred in the 18950.0-19100.0 range. The index have resistance at the upper line and pull back to the 19000.0 level. We could also test the weekly open price before we initiate further growth to the bullish side. We are not ruling out a pullback below and are testing this week’s support at 18950.0.


Potential lower targets are 18900.0 and 18850.0 levels. Additional major support would be at the 18850.0 zone in the EMA200 moving average. We need a positive consolidation and growth above the 19100.0 level for a bullish option. We are within reach of the previous high and will have the opportunity to climb to a new one. Potential higher targets are 19150.0 and 19200.0 levels.


Nasdaq chart analysis


 


The post S&P 500 and Nasdaq record new all-time high values appeared first on FinanceBrokerage.


Source: S&P 500 and Nasdaq record new all-time high values
45
Forex / Stellar and Bitcoin Cash: Bitc...
Last post by PocketOption - Jun 12, 2024, 08:03 am
Stellar and Bitcoin Cash: Bitcoin Cash slips below $450.00

Stellar chart analysis

Stellar and Bitcoin Cash: Bitcoin Cash slips below $450.00



  • We had a strong bearish impulse of Stellar price on Friday from 0.107000 to 0.091596. 

  • The price of Bitcoin Cash is falling this morning to the $449.04 level, forming a new June low.


Stellar chart analysis


We had a strong bearish impulse of Stellar price on Friday from 0.107000 to 0.091596. After that, the price tried to maintain in the 0.096000-0.100000 range during the weekend. On Monday, we saw the initiation of a bullish consolidation to the 0.101000 level, where we encountered resistance and failed to continue further. This triggers a new bearish consolidation to 0.097880, and we are getting closer to testing the weekend support.


Potential lower targets are 0.096000 and 0.095000 levels. We need a positive consolidation and a return above the 0.100000 level for a bullish option. With this, we return to the positive side above the weekly open price. Then we need to hold on there in order to start a further continuation to the bullish side. Potential higher targets are 0.101000 and 0.102000 levels.


Stellar chart analysis


 


Bitcoin Cash chart analysis


The price of Bitcoin Cash is falling this morning to the $449.04 level, forming a new June low. Last week’s bullish consolidation was stopped on Friday at the $520.61 level. After that, we saw a strong pullback and a drop to the $460.00 level. The price then managed to recover to $480.00, where it encounters the EMA200 but has no strength to move above.


Potential lower targets are $440.00 and $430.00 levels. We need to get back above the $460.00 level for a bullish option to start a recovery. After that, we need to stay there in order to create a position from which to start further growth. The next important level is $480.00, as we could get support from the EMA200 moving average there. Potential higher targets are $490.00 and $500.00 levels.


Bitcoin Cash chart analysis


 


The post Stellar and Bitcoin Cash: Bitcoin Cash slips below $450.00 appeared first on FinanceBrokerage.


Source: Stellar and Bitcoin Cash: Bitcoin Cash slips below $450.00
46
Forex / Ripple and Tron: Tron is recov...
Last post by PocketOption - Jun 12, 2024, 08:03 am
Ripple and Tron: Tron is recovering this morning at 0.117933

The Chris Larsen XRP Hack

Ripple and Tron: Tron is recovering this morning at 0.117933



  • Ripple price fell to 0.4541 level on Friday. 

  • Tron price fell to the 0.110250 level on Friday, testing that previous support zone.


Ripple chart analysis


Ripple price fell to 0.4541 level on Friday. After that, the price returned to 0.4900, where it tried to hold. During the weekend, the movement took place in the 0.4900-0.5000 range. On Monday, we saw an attempt at a further rally to 0.5065, where we encountered new resistance. With the formation of a lower high at that place, a bearish consolidation and a drop below the weekend movement range were initiated.


Ripple went down to the 0.4800 level and formed this week’s low there. We are currently at the 0.4865 level and are trying to hold above this low. Potential lower targets are 0.4700 and 0.4600 levels. With the price stabilizing above 0.4800, we will have a new opportunity to initiate a bullish consolidation. Returning to the 0.5000 level zone will test the weekly open price and the EMA50 moving average.


Ripple chart analysis


 


Tron chart analysis


Tron price fell to the 0.110250 level on Friday, testing that previous support zone. The testing was successful, and the price is starting to recover, forming a new weekly high on Sunday. With that move, we jumped over the uncomfortable resistance zone at 0.115000. After that, the growth continued until this morning at the 0.117933 level. We stop there for now and make a pullback to the 0.116150 support level.


Here, we come across the EMA50 moving average and hope for its support and stay on the bullish side. Potential higher targets are 0.118000 and 0.119000 levels. We need negative consolidation below EMA50 and 0.116500 level for the bearish option. With that, we go to a new daily low and confirm the transition to the bearish side. Potential lower targets are 0.116000 and 0.115000 levels.


Tron chart analysis


 


The post Ripple and Tron: Tron is recovering this morning at 0.117933 appeared first on FinanceBrokerage.


Source: Ripple and Tron: Tron is recovering this morning at 0.117933
47
Forex / Solana and Cardano: Solana ret...
Last post by PocketOption - Jun 12, 2024, 08:03 am
Solana and Cardano: Solana retreats to $152.39 this morning

Solana

Solana and Cardano: Solana retreats to $152.39 this morning



  • The price of Solana fell this morning to the $152.39 level, a new June low. 

  • On Friday, the price of Cardano climbed to the 0.490 level, forming a weekly high there. 


Solana chart analysis


The price of Solana fell this morning to the $152.39 level, a new June low. The beginning of the decline happened on Friday at the $172.00 level. After that, the price starts bearish consolidation below the EMA200 moving average and with strong impulses, it goes down to the $153.80 level. Over the weekend, we saw consolidation in the $156.00-$162.00 range. Yesterday’s attempt to move above the upper line of this range was unsuccessful.


Slana starts a new bearish consolidation from there and falls to today’s low. Potential lower targets are $152.00 and $150.00 levels. We need positive consolidation and price stabilization above $156.00 for a bullish option. If we succeed in that, we will have the opportunity to continue on the bullish side. Potential higher targets are $158.00 and $160.0 levels.


Solana chart analysis


 


Cardano chart analysis


On Friday, the price of Cardano climbed to the 0.490 level, forming a weekly high there. After that, we see a quick bearish consolidation and a price drop to the 0.428 level. Cardano quickly consolidated and returned to the 0.450 level. Over the weekend we see another pullback, this time to the 0.432 level. With the formation of a higher low, we had an opportunity to initiate a recovery. The new rally was up to 0.450, where we encountered the EMA200 moving average and have not had the strength to move above.


After that, the price starts a pullback again and falls to a new lower low of 0.425. With this, we fall below Friday’s low, which further increases the pressure on Cardano. Potential lower targets are 0.420 and 0.415 levels. For a bullish option, we need the initiation of a positive consolidation and a recovery above the 0.440 level. With the support of the EMA50 moving average, we can hope for further recovery.


Cardano chart analysis


 


The post Solana and Cardano: Solana retreats to $152.39 this morning appeared first on FinanceBrokerage.


Source: Solana and Cardano: Solana retreats to $152.39 this morning
48
Forex / SafeMoon and Litecoin: Litecoi...
Last post by PocketOption - Jun 12, 2024, 08:03 am
SafeMoon and Litecoin: Litecoin drops to a new low of $75.00

Safemoon chart 1

SafeMoon and Litecoin: Litecoin drops to a new low of $75.00



  • On Thursday, SafeMoon’s price dropped to the 0.00004000 support level. 

  • Litecoin chart analysis

  • The price of Litecoin fell on Friday to the $75.09 level and formed a new weekly low there. 


SafeMoon chart analysis


On Thursday, SafeMoon’s price dropped to the 0.00004000 support level. Until then, nothing significant has changed because we are still putting pressure on that level. The previous four days’ movement occurred in the 0.00004000-0.00004300 range. The current pressure is on the support level, and we are only one impulse away from the new lower low. The previous time, the price of SafeMoon was below this level in April.


Potential lower targets are 0.00003900 and 0.00003800 levels. We need a positive consolidation above the 0.00004200 level for a bullish option. There, we get the support of the EMA50 moving average, and it will be easier for us to start a further recovery. Potential higher targets are the 0.00004300 and 0.00004400 levels.


SafeMoon chart analysis


 


Litecoin chart analysis


The price of Litecoin fell on Friday to the $75.09 level and formed a new weekly low there. After that, we see a recovery to the $80.00 level and encounter new resistance there. On Monday, the price starts a new decline to the $76.60 level. It manages to hold above that level after that and recovers slightly, this time to the $79.50 level. There, we encounter the EMA50 moving average, and so far, we have failed to move above it.


That could trigger a new pullback and a new low. Potential lower targets are $77.00 and $76.00 levels. We need a positive consolidation and recovery above the $80.50 level for a bullish option. That brings us back above the weekly open price to the positive side. After that, we will be better positioned to initiate further recovery. Potential higher targets are $81.00 and $82.00 levels.


Litecoin chart analysis


 


The post SafeMoon and Litecoin: Litecoin drops to a new low of $75.00 appeared first on FinanceBrokerage.


Source: SafeMoon and Litecoin: Litecoin drops to a new low of $75.00
49
Forex / Bank of Japan left its Japanes...
Last post by forex4you - Jun 12, 2024, 08:03 am
Bank of Japan left its Japanese Government Bond purchase amounts unchanged

There is speculation the Bank of Japan will trim back JGB purchases in its announcement from Friday's meeting:

Ni change in today's amounts purchased though.



                This article was written by Eamonn Sheridan at www.forexlive.com.

Source: Bank of Japan left its Japanese Government Bond purchase amounts unchanged

forexlive.com
50
Forex / JP Morgan says Japanese stocks...
Last post by forex4you - Jun 12, 2024, 08:03 am
JP Morgan says Japanese stocks have room to go a lot higher

A report from analaysts at JP Morgan Private Bank outline a favourable view for equities in Japan:

  • "In our view, share prices do not yet fully reflect the market's full potential.
  • Although Japanese stocks currently trade in the midrange of their valuations over the past 15 years, global positioning remains underweight Japanese equities"
  • We think multiples could move higher as global investors come to appreciate the structural shifts underway.
  • Sectors that stand out to us include financials, consumer discretionary (excluding autos), technology, industrials and real estate."

JPM says Japan is welcoming long-absent inflation and nominal economic growth is moving higher. Also:

  • corporate governance reforms are now strongly encouraging structural change focusing on efficiency and profitability
  • this will result in companies returning more value to shareholders


                This article was written by Eamonn Sheridan at www.forexlive.com.

Source: JP Morgan says Japanese stocks have room to go a lot higher

forexlive.com
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