Indices, Commodities and Forex Special Situations 06/11/2016
Published on June 11 2016
INDICES
S&P 500 USA Stock market Index
SP500 is testing 2100 again. Failure here would lead to a deeper continuation lower. Hard resistance on the upside is 2117 on the downside we need a break of 2030 which would act as neckline of double top forming.
DAX German Stock market Index
DAX is facing strong resistance at 10286. A break above 10600 is needed for upside continuation. DAX is below 10000 and break below 9800 will open the door for 9500.
XAUUSD – GOLD
Gold will face hard resistance at 1280-1300 zone and failure here will lead to downside continuation.
EURUSD
EURUSD rejected from 61.8% Fibbo retracement and now on a way to test 1.12000
USDJPY
USDJPY is in a rectangle 106.400-111.400. We need a break below 105.500 for downside trend continuation.
GBPUSD
GBPUSD seems to be forming a bullish flag above broken neckline and we could see range continuation 1.4250-1.4700.
AUDUSD
AUDUSD is rejected by 61.8% Fibbo retracement and we could see a test of 0.7260.
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