Rosen's Daily

[rosentray]

Gold reached support at $1,331 and climbed back up to current market price of $1,337. The precious metal visited the $1,330 zone for a third time this month and was again unable to break below it. Range trading between #1,330 and $1,360 until one of the parties decides it's time to take over.

 

[rosentray]

EUR/USD is trading lower in today's session after going steadily up for the last few days. The pair made a high of 1.1355 and then succumbed to a bottom of 1.1310. First support is seen at 1.13, while first resistance is the last high of 1.1355.

 

[rosentray]

Silver is currently trading at 18.90 after making a high of 19.11 in today's session. The metal has a lot to give still as it made a high of 21.13 and then started a correction with a bottom of 18.70.

 

[rosentray]

EUR/USD had a down day yesterday that transferred the momentum into today's session. The pair made a low of 1.1287 and has since slightly recovered to currently trade at 1.1301. First bull target is 1.1350.

 

[rosentray]

GBP/JPY is going steady on its way up after making a bottom at 129.24. The pair is now trading at 132.38. First resistance is seen at 132.55. First support is seen at 130.00.

 

[rosentray]

The EUR/USD is trading close to unchanged since yesterday's session. Price is now 1.1272 which is slightly above first support at 1.1260 suggesting that a move to the upside is probable.

 

[rosentray]

GBP/JPY is trading slightly down in today's session. The pair went above 133 yesterday and is currently trading at 132.70. If this is the revival of the Sterling then we shall see more of the upside move until the end of the week.

 

[rosentray]

EUR/USD is trading steadily slightly above 1.13 in today's early european hours. The pair is anticipating the US data scheduled for later today: US GDP and Fed Chair Janet Yellen's speech.

 

[rosentray]

Silver has been trading to the downside for the past couple of week. The metal went from a multi year high of 20.80 to a low of 18.50 and is currently trading at 18.65. Commodity traders are expecting the news later today which release might cause volatility.

 

[rosentray]

The EUR/USD suffered some pull back on Friday but the pair has mildly recovered in today's early opening hours. 1.1175 was the lowest for today and price reached a high of 1.1207. We're at a support so bulls might try to push price higher.

 

[rosentray]

USD/JPY is having a bull run starting from 99.54 up until now when price is 102.34. The pair might try to reach first resistance at 103.50 and then 105.40.

 

[rosentray]

EUR/USD is trading slightly up in today's session after it lost some 200 pips on Friday going from 1.1360 to 1.1155. Price is now 1.1173 and may consolidate until Friday's NFP data.

 

[rosentray]

Gold is trading in the range between $1,315 and $1,325. The precious metal has been consolidating since last week when price dropped from $1,350 to $1,318. Gold bugs are anticipating the US data on Friday, so price consolidation is expected to continue until then.

 

[rosentray]

EUR/USD is trading to the downside in today's session after failing to break above the resistance on the short-term at 1.12. The pair is now 1.1141 and with the predominantly bullish expectations of the US dollar, the pair might be in for a steady ride South.

 

[rosentray]

USD/JPY is in a bull run for the past couple of weeks going from 99.54 to a high of 103.30. The pair is now 103.18 and it appears that the strong bullish momentum will have to break resistance at 103.40 if bulls want to continue North.

 

[rosentray]

EUR/USD is pressured by the USD bulls. At the same time, EUR bulls are trying to hold it above key support at 1.1120. The pair is now 1.11485 and might start to consolidate ahead of key report tomorrow. The NFP and jobs report will create volatility and probably give direction to where the pair might go.

 

[rosentray]

NZD/CAD reached resistance for a sixth time today. The pair has been in an uptrend since April this year and as it looks we might get a break above 0.96 which would be an early indicator of the continuation of the bull run.

 

[rosentray]

The EUR/USD is trading higher since yesterday evening, The pair reached a bit above 1.12 and is now 1.1196. The pair is consolidating before the key report scheduled for later today.

 

[rosentray]

USD/CAD is currently trading at support best seen on the H4 chart. The pair is not just a few points below 1.31 and it appears to be range bound ahead of the NFP and jobs report scheduled for later today.

 

[rosentray]

EUR/USD is trading a bit higher in today's early hours. The pair reached a low of 1.1152 and is currently trading at its highest at 1.1180. We don't have any major news for today so mild volatility might be expected.