Intraday Analysis for EURUSD, GBPUSD, USDJPY and XAUUSD, June 15, 2020

by Jun 15, 2020Setups

“Disclosure: Some of the links in this post are “affiliate links.” This means if you click on the link and purchase the item, I will receive an affiliate commission. This does not cost you anything extra on the usual cost of the product, and may sometimes cost less as I have some affiliate discounts in place I can offer you”

EURUSD Outlook

EURUSD Friday’s chart analysis

EURUSD have slide down to strong support level at $1.12366 which was said on Friday’s analysis that it could happen. I have announced that we should wait for the price pullback to $1.13427 and wait for the bear price action signal.

Bearish Pinbar have formed on the H1 time frame which was clear signal for move down.

EURUSD daily analysis_15062020

EURUSD Chart Forecast

The price have stopped on the strong support level and on the uptrend line support. This level could hold the price for a while. As it looks like we have large Pinbar on the weekly W1 time frame suggesting move down.

The price have closed below $1.12086 which means bears have take over and we could see price moving lower. We should wait for the price action signal on the strong resistance level and from there enter into the trade.

If you want to know how much pips EURUSD moves each day in a week or how much it moves on London or New York trading session, you should check this article: EUR/USD Pip Range Analysis

For the entry levels you should join G-Trader mailing list where I share my thoughts on the possible entries.

Trading Analysis Bonus

As a bonus I am sending entry ideas.

ONLY for G-Trader members.

GBPUSD Outlook

GBPUSD Friday’s chart analysis

GBPUSD have acted just as it was predicted on the Friday’s analysis. The price have pulled back to $1.26228 and made a bearish engulfing bar on the H1 time frame. From there the price have done all the way as was predicted, to $1.24733 level.

If you have followed Friday’s entry level for GBPUSD, you could make 147 pips.

GBPUSD daily analysis_15062020

GBPUSD Chart Forecast

While the price have stopped on the strong support level at $1.24733, we can see a pullback. Pullback have done its way to the first small resistance at $1.25356. We see the price moving higher and making bearish price action signal.

The price is currently between two levels that was holding the price from moving higher($1.26228) and from moving lower($1.24733). The price needs to close above or below to define further direction.

If you want to know how much pips GBPUSD moves each day in a week or how much it moves on London or New York trading session, you should check this article: GBP/USD Pip Range Analysis

For the entry levels you should join G-Trader mailing list where I share my thoughts on the possible entries.

USDJPY Outlook

USDJPY Yesterday’s chart analysis

USDJPY have done bearish scenario from Friday’s analysis. The price have pulled back from strong support at 106.50 to 107.36 and  formed bearish price action signal with strong Pinbar. Strong bearish signal indicates we could see the price down again on 106.50. If sellers are strong then we could see the price down on the 106.00.

USDJPY daily analysis_15062020

USDJPY Chart Forecast

While we are strongly in bearish sentiment that has started last week we should look for sell opportunities.

Strong H4 bearish Pinbar is a nice signal so we could wait for small pullback from 107.00 level to 170.360. If the price manage to close below 106.00 level we could see further drop down to 105.55.

If you want to know how much pips USDJPY moves each day in a week or how much it moves on London or New York trading session, you should check this article: USD/JPY Pip Range Analysis

For the entry levels you should join G-Trader mailing list where I share my thoughts on the possible entries.

XAUUSD Outlook

XAUUSD Yesterday’s chart analysis

Gold is still in the indecision area between $1725.11 and $1736.29. Friday’s movement could not break and hold the price above $1736.29 level. Strong resistance level at $1744.63 did not allow the price close above which would expose $1753.87.

A bullish price action signal has formed close to $1725.11 which suggests we could see price moving higher. But, while it was a Friday all signals that appear on the chart we should take with caution. Reason is because the market on Friday do not always give clear signal.

XAUUSD daily analysis_15062020

Get Access to the Same “New York Close” Forex Charts

I am Using in My Analysis

XAUUSD Chart Forecast

The price have stopped in the indecision area and it has gone out from the uptrend channel. This is signal that the have lost its momentum and it will need strong buyer push to get back inside channel and to continue moving up.

We need to have strong bullish price action signal on the $1725.11 or around that level that will confirm further move up. While the price is above $1725.11 I am bullish on this pair.

For the entry levels you should join G-Trader mailing list where I share my thoughts on the possible entries.

Trading Analysis Bonus

As a bonus I am sending entry ideas.

ONLY for G-Trader members.

The market is not easily predictable and we need to prepare our self for bullish or bearish scenario. Risk management is crucial in Forex trading so play safe and set stop loss.

Frano Grgić

Frano Grgić

A Forex trader since 2009. I like to share my knowledge and I like to analyze the markets. My goal is to have a website which will be the first choice for traders and beginners.

0 Comments

Pin It on Pinterest

Shares
Share This

Share This

Share this post with your friends!

Shares