Indices, Commodities and Forex Special Situations 06/18/2016
Published on June 18 2016
INDICES
S&P 500 USA Stock market Index
Failing again at 2100 and is below 100 SMA (RED LINE). We are expecting a test of 2030 neckline of a double top formation.
DAX German Stock market Index
DAX is below 10000 and is retracing the swing down. Sell zone is 9700-98500 for another test of 9300.
XAUUSD – GOLD
Gold need to break 1310 for upside continuation after flag break.
EURUSD
EURUSD is forming a pin bar above key 1.10963. This could be a fakey if risk off USD buying continue next week into Brexit event.
USDJPY
USDJPY has broken key 105.500 and we expect a test of 100 soon.
GBPUSD
Despite the bounce from key 1.4060 support we expect failure at 1.4400-1.4500 zone ahead of Brexit.
AUDUSD
AUDUSD is rejected by 61.8% Fibbo retracement and we could see a test of 0.7260.
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