Rosen's Daily

[rosentray]

Gold is trading higher in today's session after opening at $,1274 and reaching a high of $1,285. Currently the precious metal is trading close to daily high. We can expect a decline from this level, as we are in the resistance. If the level holds, then depreciation could be at hand.

 

[rosentray]

GBP/USD is trading with heavy volumes and high volatility in today's session going as low as 1.4113 and as high as 1.4321. Remember that the UK has a Referendum scheduled for Thursday 23th. Until then trading could be very dangerous.

 

[rosentray]

USD/CAD is trading higher in today's session reaching a high of 1.2828. The pair appears to be trying to recover from last low of 1.2654. First support is seen at 1.2700, first resistance is seen at 1.2800.

 

[rosentray]

The EUR/USD was not impacted today by the release of the Advance Retail Sales today. The news turned out to be a non-event and price did not alter in any sudden and volatile changes.

 

[rosentray]

Gold was slightly influenced by the US Advance Retail Sales today and made a high of $1,290 thus making a double top. Price is now below $1,290 and further depreciation could be expected.

 

[rosentray]

USD/CAD posted new gains in today's session making a high of 1,2860 and is currently gravitating to 1.2840. A correction could be expected only to give some air to the pair before it continues climbing again.

 

[rosentray]

GBP/USD posts new losses today after a Brexit poll shows voters are favoring the exit of the EU. Price went as low as 1.4090 and is now trading at 1.4125.

 

[rosentray]

EUR/USD is trading relatively unchanged since yesterday's session gravitating towards 1.1200. The pair is now 1.1209 and trading in really low volumes due to lack of fresh news that would stir the market.

 

[rosentray]

USD/JPY managed to hold above the key level of 106. The pair dipped below 106 to a low of 105.62 thus forming double bottom with previous low of 105.58. Bulls were quick to react and pushed prices to a daily high of 106.32.

 

[rosentray]

EUR/USD traded unsteadily today as we are already in the decision week when on Thursday it will be clear whether the UK leaves the EU or not. Whatever happens, volatility will rise.

 

[rosentray]

Gold lost some $10 in today's session after heavy selling occured. The precious metal is now in the correction phase after it reached a 10-month high at $1,315 and pulled back to $1,277. Gold is now trading at 1,287.

 

[rosentray]

The EUR/USD is trading lower today after yesterday's losses. The pair reached a low of 1.1263 and could continue trading in the red until it reaches first support at 1.1180.

 

[rosentray]

Gold posts new losses today going down 1.5%. The precious metal went from $1,294 to $1,269 and is still indicating further losses. First support zone is seen at $1,262 while first resistance is seen at $1,285.

 

[rosentray]

The EUR/USD is trading somewhat higher since opening going to 1.1280. Main trend remains bullish as we have been in an uptrend channel for quite a while now. UK Vote is tomorrow, playing great defense is key.

 

[rosentray]

Gold lost a few dollars so far in today's session going to a low of $1,260 and currently trading at $1,265. A correction move seems to be forming meaning a further depreciation in price can be expected.

 

[rosentray]

EUR/JPY is trading in the red this week after it touched upon the Fibo Golden Ratio last week. Although this would mean a bull run, it is still to early as price is well below the 200SMA signalling downward move might not be over.

 

[rosentray]

USD/CAD is trading lower today going to 1.2772. The pair appears to be forming a triangle best seen on the daily chart. Should we get a break of either lines, market participants might react aggresively and create high volatility.

 

[rosentray]

The EUR/USD went down some 500 pips in today's session after we had the Brexit confirmed. The pair went to a low of 1.0911 from 1.1428. High volatility is bound to continue next week.

 

[rosentray]

The UK has left the building and the Sterling has collapsed to more than 30-year low at 1.32 against he US dollar. GBP/USD last made a high of 1.50 and when results were announced the pair crashed with more than 12%.

 

[rosentray]

EUR/USD is trading around 1.1020 currently due to lack of fresh news. No interest at this point is causing the pair to consolidate at these levels and until something exciting happen we might see it further consolidate.