The 5 most interesting charts for early June 2022 -
This article compiles the 5 nearly interesting charts for early June 2020. The charts elect are the ones with the most interesting weekly timeframe price action scenarios.
EURO
The Euro shows a trendline that has its eldest touchpoint in past 2011. The last sentence the price touched the trendline was in early 2018.
Although the up-to-the-minute price is motionless rather a bit outside from the trendline, the latest bullish bounce makes a trendline scenario many likely.
Nevertheless, anterior to testing the trendline, the price volition be veneer the 200 period period of time automotive average – a major support/resistance zone.
S&P 500
The S&P500 broke above the weekly 50 period moving medium final week. Presently, the price seems to atomic number 4 with success retesting the moving average equally support charge. If price can hold supra the moving average, more upside may be possible.
The cost is trading into the extensive colorful candle. So much long and straight candles usually allow the price to travel easy because no more support operating theater resistance levels exist.
Precondition the current geopolitical situation, it does non seem like a logical scenario to see the S&P500 stretch uncomparable-highs once more, but the declaration of unlimited QE by the FED and a strong tech sector are driving damage action.
USDCAD
Afterwards break the support level last week, the USD/CAD is seeing a sequel descending. The price is accelerating during its fall.
The green district marks a col that hasn't been filled yet. Gap fills are likely.
Downstairs the gap fill, the price wish be facing a long-term trendline.
The significant increase in the money supply whitethorn cause to a greater extent devaluation for the USD loss forwards.
EURSEK
The EUR/SEK monetary value breached the interminable-term trendline two weeks ago. Last week, the price also broke through the weekly 100 period vibrating average as well.
The bearishness seems to embody ambitious by the SEK since the EUR is presently showing a bullish bounce as shown above. A shift in EUR sentiment may accelerate the fall of the EURSEK further.
AUDUSD
The Australian Dollar is the strongest mover so far this week. The AUDUSD is driven away USD impuissance and AUD bullishness.
The AUDUSD is about to reach the 100 period moving average shortly. A recent swing dominating is waiting above this oblong-term billowing average.
The AUDUSD has been merchandising off since middle 2011. If Leontyne Price can break through the clustering of moving averages and resistance levels, a long-term rally is non unlikely.
Source: https://tradeciety.com/the-5-most-interesting-charts-for-early-june-2020/
Posted by: andersonhunisgung.blogspot.com
0 Response to "The 5 most interesting charts for early June 2022 -"
Post a Comment