Daily Trade Ideas:   17/06/19 2:55 AEST

EURJPY approaching support, potential bounce!

Price is approaching our first support (61.8% Fibonacci retracement, Horizontal overlap support, 100% Fibonacci extension) where a strong bounce to our major resistance ( Horizontal overlap resistance, 100 % Fibonacci extension, 50% Fibonacci retracement) might occur. Stochastic is also approaching support where we might see a bounce.

Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.

https://www.tradingview.com/chart/EURJPY/xKazLTbd-EURJPY-approaching-support-potential-bounce/

USDCHF testing resistance, potential drop!

Price is testing our first resistance (horizontal overlap resistance, 61.8% Fibonacci extension,38.2% Fibonacci retracement) where a strong drop to our major support (horizontal pullback support, 61.8% Fibonacci retracement, 100% Fibonacci extension) might occur. Stochastic is also approaching resistance where we might see a drop.

Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.

https://www.tradingview.com/chart/USDCHF/c6SAErFV-USDCHF-testing-resistance-potential-drop/

easyMarkets - Dealer Insights


Anthony
Darvall

Tony has been a FX analyst for 10 years in the Sydney EasyMarkets Dealing Room, His ability to clearly communicate advanced forex Trade Ideas to retail clients and financial media is built on strong understanding of what factors are driving the markets. Key experience in Australian Dollar and Japanese...
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