{"id":6846,"date":"2021-06-16T04:50:36","date_gmt":"2021-06-16T04:50:36","guid":{"rendered":"https:\/\/xtreamforex.com\/?p=6846"},"modified":"2021-06-16T04:50:36","modified_gmt":"2021-06-16T04:50:36","slug":"technical-market-analysis-16th-june","status":"publish","type":"post","link":"https:\/\/www.xtrememarkets.com\/MU\/technical-market-analysis-16th-june\/","title":{"rendered":"Technical Market Analysis 16th June"},"content":{"rendered":"

Technical Market Analysis 16th June<\/p>\n

<\/strong><\/h4>\n

EUR\/USD<\/div>\n
\nGenerally, EUR\/USD is running across. As of late, EUR\/USD bobbed off the opposition zone of 1.21500. EUR\/USD’s next support zone is at 1.19700 and the following obstruction zone is at 1.21500. Search for momentary selling chances of EUR\/USD up until the U.S. FOMC meeting tomorrow at 0200 (GMT+8). The EUR\/USD pair exchanges at everyday lows, a couple of pips over the 1.2100 imprint. The close term picture is bearish. The 4-hour outline shows that the pair withdrew from around a bearish 20 SMA, which heads solidly lower underneath the more extended ones.<\/p>\n

GBP\/USD<\/p><\/div>\n

<\/div>\n
As of late, GBP\/USD broke underneath the critical degree of 1.41. The UK business information delivered yesterday demonstrated a general inspirational perspective in the UK occupations market. The number of individuals guaranteeing joblessness benefits declined rather than a normal increment. As of now, GBP\/USD is climbing towards a vital degree of 1.41. Its next help zone is at 1.40000 and the following obstruction zone is at 1.43500. Search for transient selling chances of GBP\/USD up until the U.S. FOMC meeting tomorrow at 0200 (GMT+8). While the currency pair stumbled over the 200 Simple Moving Average on the four-hour diagram, energy is just barely to the disadvantage. Bears are in the number one spot, however, bulls may in any case give a battle.<\/p>\n

USD\/CAD<\/p><\/div>\n

<\/div>\n
Generally speaking, USD\/CAD is moving upwards. As of late, USD\/CAD moved up and bobbed down from the vital degree of 1.22. The Canadian Housing Starts information (Actual: 276K, Forecast: 271K, Previous: 267K amended from 269K) delivered yesterday demonstrated an increment in the number of private structures that started development in May.<\/div>\n
\nBank of Canada Governor Macklem will be talking tomorrow at 0645 (GMT+8). During this time, there might be unpredictability in CAD.<\/p>\n

USD\/CAD’s next to help zone is at 1.21000 and the following opposition zone is at 1.22400. Search for transient purchasing chances of USD\/CAD up until the U.S. FOMC meeting tomorrow at 0200 (GMT+8).<\/p>\n

AUD\/USD<\/p>\n<\/div>\n

Generally speaking, AUD\/USD is going across. As of late, AUD\/USD broke underneath the vital level of 0.77.
\nThe Reserve Bank of Australia Governor Lowe will be talking tomorrow at 0810 (GMT+8). During this time, there might be instability in AUD.<\/div>\n
\nThe Australian work information will be delivered tomorrow at 0930 (GMT+8).\u00a0 AUD\/USD’s next support zone is at 0.75500 and the following obstruction zone is at 0.78000. Search for transient selling chances of AUD\/USD up until the U.S. FOMC meeting tomorrow at 0200 (GMT+8).<\/div>\n

\u00a0<\/strong><\/h4>\n","protected":false},"excerpt":{"rendered":"

Technical Market Analysis 16th June EUR\/USD Generally, EUR\/USD is running across. As of late, EUR\/USD bobbed off the opposition zone of 1.21500. EUR\/USD’s next support zone is at 1.19700 and the following obstruction zone is at 1.21500. Search for momentary selling chances of EUR\/USD up until the U.S. FOMC meeting tomorrow at 0200 (GMT+8). The<\/p>\n... continue reading<\/a>.","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[12],"tags":[19,24,157,162,164],"yoast_head":"\r\nTechnical Market Analysis 16th June<\/title>\r\n<meta name=\"description\" content=\"Generally, EUR\/USD is running across. As of late, EUR\/USD bobbed off the opposition zone of 1.21500. 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