FxOrtrader trading journal FXGlory

The Australian dollar has a chance to move in high volatility as the market will get a lot of important data such as retail sales and Australia's trade balance at 8:30 WIB and the Reserve Bank Australia's monetary decision at 11:30 WIB after yesterday weakened due to President Trump's statement threatening to raise import tariffs Chinese goods, Australia's biggest trade proxy.

Furthermore, from Europe, the release of data on German factory orders at 13:00 WIB and European Union economic estimates from the European Commission scheduled for 16:00 WIB potentially will move the euro currency after the recent weakening triggered by deteriorating economic fundamentals in the region. In the US session, speech by FOMC members Randal Quarles at 22:35 WIB will likely be a catalyst for the movement of the US dollar.

Market Movers today
Movement Potential

Gold

Gold prices have a chance to move down in the short term amid easing trade tensions between the US and China after Beijing said it would continue negotiations this week. With the closest support level at $ 1278 - $ 1273. But if it moves up, the resistance level is at $ 1286 - $ 1291.

Oil

Oil prices have the potential to maintain the upward trend amid the latest conflict between the US and Iran after Washington sent a number of military groups to the Middle East and Saudi Arabia which will raise June oil contract prices to consumers in Asia and Europe. The closest resistance level is at $ 62.60 - $ 63.10 and for the closest support level is at $ 61.80 - $ 61.30.

EURUSD

EURUSD has a chance to weaken in the short term amid sentiment of a stronger US dollar to test the support level at 1.1170 - 1.1120. But if it moves up, the resistance level is seen at 1.1230 - 1.1280. The market looks forward to German factory orders data at 1:00 p.m. and a European Union economic forecast at 4:00 p.m. to become a further euro currency catalyst.

GBPUSD

GBPUSD has the potential to still move down in the short term as there is still no breakthrough in negotiations between PM Theresa May and opposition leaders in the Brexit discussion to test the support level seen in the 1.3060 - 1.3010 area. If it moves up, the resistance level is at 1.3120 - 1.3170.

USDJPY

USDJPY has a chance to move down in the short term amid sentiment on improving Japanese manufacturing index to test the support level at 110.45 - 110.00. However, if it moves up, the resistance level is seen at 111.05 - 111.50.

AUDUSD

AUDUSD has a chance to move down in the short term, especially if Australian economic data such as retail sales and Australia's trade balance are released lower than expected and the RBA still maintains their dovish attitude to test the support level at 0.6960 - 0.6910. But if it moves up, the level of 0.7020 - 0.7070 will be a resistance level.

for today EURUSD will probably rise because as we see the USD is weakening

The volatility of this night market movement in the london market, namely AUD and YEN.

Is very good your signal sir , use Sell limit and buy limit or buy stop and sell stop for your options?, tanks

The release of China's trade balance data scheduled for release at 10:00 WIB will likely trigger high volatility in global financial markets amid escalating escalation of tensions between the US and China after President Trump at the beginning of last week said he would plan to raise import tariffs on Chinese goods .

Furthermore, in the European session, the release of German industrial production data at 1:00 p.m. and the ECB minutes at 6:30 p.m. will attract the attention of EURUSD traders amid their search for indications of economic health in the region after recent fundamental fundamentals have been released. And for the US session, the focus will be on oil reserves data from EIA at 21:30 WIB after the API reported a rise in reserves in the US.

Market Movers today
Movement Potential

Gold

Gold prices have a chance to strengthen in the short term amid rising demand for safe haven assets amid US-China trade and geopolitical tensions in the Middle East to test resistance levels at $ 1288 - $ 1293. If it moves down, the support level is seen at $ 1280 - $ 1275.

Oil

Oil prices have a chance to move down in the short term if the market responds to reports of an increase in oil reserves from API overnight to test the support level at $ 61.20 - $ 60.70. However, the price is likely to rise to test resistance at $ 62.00 - $ 62.50 if EIA at 21:30 WIB reports a decline in reserves in the US.

EURUSD

EURUSD has a chance to weaken in the short term as the market is still burdened with bad fundamentals lately to test the support at 1.1160 - 1.1110. If moving up the resistance level is at 1.1220 - 1.1270. The market looks forward to German industrial production data at 13:00 WIB and minutes of the ECB at 18:30 WIB for further movement catalysts.

GBPUSD

The ongoing Brexit uncertainty, especially after increasing demand for PM May, resigned has the potential to trigger a decline in GBPUSD in the short term to test the support at 1.3040 - 1.2990. However, if moving up the resistance level is at 1.3100 - 1.3150 with the market waiting for Halifax UK HPI data at 2:30 p.m. WIB and MPC member David Ramsden's speech at 3:15 p.m. WIB to trigger further GBPUSD movements.

USDJPY

BOJ minutes release which is seen as still dovish has the opportunity to push up the USDJPY in the short term to test resistance at 110.50 - 111.00. However, if the sentiment of US-China trade tensions still dominates the market, the USDJPY has a chance to move down to test the support at 109.90 - 109.40.

AUDUSD

AUDUSD has the chance to move up in the short term, if the release of China's trade balance data scheduled for 10:00 WIB the results look optimistic by testing the resistance level at 0.7040 - 0.7090. However, if the data is released pessimistically accompanied by sentiment of US-China trade tensions, it is likely to trigger a decline in AUDUSD to test the support at 0.6980 - 0.6930.

The release of China's trade balance data scheduled for release at 10:00 WIB will likely trigger high volatility in global financial markets amid escalating escalation of tensions between the US and China after President Trump at the beginning of last week said he would plan to raise import tariffs on Chinese goods .

for usdjpy pair there is a reversal opportunity because it has dropped too far. whose name is a price, there must be a correction

Trading analysis for this week focuses on the FOMC and PPI news


EURUSD

EURUSD has a chance to move up to test resistance at 1.1265 - 1.1290 in the short term, positive last week's German trade balance data is a driving factor for strengthening EURUSD. Support for the EURUSD pair is in the range 1.1200 - 1.1170.

GBPUSD

GBPUSD has the potential to move under pressure to test the support level at 1.2960 - 1.2930 as Brexit uncertainty continues, GBPUSD resistance is in the range of 1.3050 - 1.3080.

USDJPY

USDJPY has a chance to move down in the short term to test the support level at 109.20 - 108.80 as the potential for investor interest increases amid uncertainty about trade war negotiations. USDJPY resistance is at the levels of 110.20 - 110.40.

AUDUSD

AUDUSD has a chance to move down to test the support at 0.6960 - 0.6930 with worsening Chinese economic data and increasing US-China trade tensions. AUDUSD resistance is in the range of 0.7025 - 0.7050.

in my analysis for EUR and GBP pairs will go up until the weekend sir.

GBPUSD

The waning optimism that the British government and the main opposition party might be able to reach a consensus on the way forward to leave the European Union has the chance to push down GBPUSD testing the support level 1.2900 - 1.2880. Meanwhile GBPUSD resistance is in the range 1.3000 - 1.3020.

GBP / USD in a bearish position, in the short term GU after breaking the 1.3000 support immediately plunged towards 1.2900. this condition is based on the increase in usd of all major pairs weakening.

GBP / USD in a bearish position, in the short term GU after breaking the 1.3000 support immediately plunged towards 1.2900. this condition is based on the increase in usd of all major pairs weakening.

maybe today I will look for buy opportunities for GBPUSD because I see GBPUSD is time for correction