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  1. #1
    Rookie Member

    Daily-Market Analysis by CapitalStreetFX !!!

    Daily Report on June 30, 2016

    The greenback pared its gains against a basket of currencies in the trading session on Wednesday. The dollar index DXY turned down to a level of 95.59, nearly covering the big gap-up from earlier this week.

    The slide was initiated by the soft data on turnover in the U.S real-estate sector. Yesterday, the National Association of Realtors reported that the total turnover amount related to pending sales retreated in May after advancing for three consecutive months.

    Meanwhile, the safe-haven yen was on the defensive as risk aversion began to ease in the markets. The Japanese yen is currently flat around 102.783 per dollar.

    Asian stocks climbed for a second day as investors shrugged off the anxiety resulting from the Brexit shock last week. The MSCI index rose 1.3%, up significantly from the one-month low formed on Friday. Australia’s ASX 200 hit the level of 5248.50, up 1% from the previous settlement.

    The U.S Energy Information Administration department reported on Wednesday US crude inventories shrunk for the sixth straight week, with data showing a decline of more than 4 million barrels for the week ending on June 24. A fall in the amount of crude oil stashed in storage supported WTI crude to a high of $50.29/barrel yesterday. However, on Thursday, oil prices pared the gains and pulled back as jitters over strike outages in Norway faded.


    USDJPY has been moving sideways around the price area of 102.602 since the beginning of the week. After hitting firm resistance at 102.975, the pair gave up on its up-move and pulled back, heading downwards to the support at 102.028. The downtrend has just been confirmed by the RSI (14) which has already crossed below the 50 threshold from above.

    Trade suggestion

    Sell stop at 102.494, Stop loss at 102.835, Take profit at 101.972

    EURUSD has been moving in a shrinking range and has fallen back under the 20-day moving average. The ADX has fallen to 26.84, combined with the DI- (red line) crossing over the DI+ (green line), signaling that the bear is gaining momentum. The pair is expected to continue ticking down and may break out of the range.

    Trade suggestion

    Sell stop at 1.10984, Stop loss at 1.11238, Take profit at 1.10630

    AUDCAD has been moving cautiously around the price area of 0.96372 for 2 days, after losing 1.75% from the one-week high of 0.97300. In general, the pair has been in an uptrend with the support of the 50-day moving average below since June 10. It is expected that the price will continue the sideways move and may then test the support level at around 0.96026.

    Trade suggestion

    Sell stop at 0.96255, Stop loss at 0.96404, Take profit at 0.96036

    Gold is currently trading around the price area of 1316.10. So far, the commodity has been moving aimlessly between the range of 1305.27 and 1335.46, just crossing the 10-day moving average from above and below. RSI is at near 54 and pointing down, which may push the price down slightly. The sideways movement is likely to prevail for the rest of the day, with a possible breakdown later on.

    Trade suggestion

    Sell stop at 1314.27, Stop loss at 1319.84, Take profit at 1306.95

    Brent price has retreated from the resistance area of 51.68 after 5 consecutive days of rises from around 47.26. RSI is still hovering at high level, suggesting a continued strong up move for the commodity. The price is anticipated to keep rising, after a short correction, and reach the resistance at 51.68 before reaching the overbought territory and falling back.

    Trade suggestion

    Buy stop at 50.92, Stop loss at 50.69, Take profit at 51.34

    The Dow Jones has been surging for 3 days from around 17057.13. The index, supported by the 50-day moving average below, was trading at 17695.00 last, up 0.05% compared with yesterday’s closing price. RSI is at level 56 and heading up, indicating strong buying power. The price is expected to hit the resistance area at 17923.12 soon.

    Trade suggestion

    Buy stop at 17735.21, Stop loss at 17667.23, Take profit at 17826.16

  2. #2
    Legendry Member milos's Avatar
    Hello Ryan!

    Welcome to Communitraders. I only can say nice technical analysis.

  3. #3
    Legendry Member Michael Hodges's Avatar
    nice for sure, but two things. First,this is analysis for spot/standard options trading. There are no exits, take profits in binary. SEcond, start a trade journal in the Members War Room to update your tips. Peace!

  4. #4
    Administrator Martin Kay's Avatar
    this is not the place to post that kind of information. Please open a trading diary here
    and use your thread to upload your posts
    “Don't believe anything you read on the net. Except this. Well, including this, I suppose.” ― Douglas Adams

  5. #5
    Rookie Member
    nice to meet you milos. thank for your nice comment ^^

  6. #6
    Rookie Member
    thanks Michael about your comment.

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