Expert review round-up: Daily trading analysis during the crisis for June 17th

Wednesday, 17th of June, news of the day — US indices went up amid US retail and industrial production statistics release. The new wave of corona-virus challenged market confidence in a rapid economic recovery. Diplomatic tensions in Asia took a cautious turn down. EUR/USD is at 1,1277, GBP/USD—1,2574; gold is $1.737,55. Read the daily selection of analytical reviews from Grand Capital experts to navigate the market during a time of volatility.

Markets' Weather with Grand Capital Chief Analyst

Today Grand Capital new Chief Analyst Vladimir Rojankovski in its daily Market Weather talks about the Fed’s announcing of the corporate bonds and the consequent American stock market slight recovery. Subscribe to our YouTube channel and never miss an update!

EURUSD technical review

The pair is consolidating in the range of 1.1235 amid the investor’s expectations for the new statistics released on US and EU economics. Also positive expectations are yet contained by  the negative IMF's forecast on the world economy growth. There is a possibility for further consolidation.  

Technical side: The price is under the middle Bollinger band, above SМА 50, but under SMA 14. RSI is under 50% and turning up. 

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GBPUSD analysis

The general trend is upward. The descending М30 pattern is truncated and is probably the wave  (В Н1) of the ascending H1 level pattern. Awesome Oscillator indicates Bullish divergence, and Stochastic Oscillator signals oversoldness. Breaking 50% Fibo will result in the ascending M5 level pattern in frame of the wave (C) of ascending H1 level pattern. 

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Trading ideas for Jonson Jonson (NYSE)

The general trend is upward. Breaking through the price pivot zone of 145.50 will result in the formation of an ascending 1-2-3 pattern. Awesome Oscillator indicates a bullish divergence, and Stochastic Oscillator signals moving beyond the range of oversoldness.

Trading recommendations: Buy above 145.50. Stop loss: 139.50 Target levels: 150.00; 156.00

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Useful info and online charts

Visit the new section on Grand Capital website to monitor the rate changes of your preferred instruments and get useful information to help you decide on a trading strategy.

^{*Trading recommendations offered by analysts do not constitute a solicitation. Before starting to trade on currency exchange markets, please make sure that you understand the risks connected with the use of leverage and that you have sufficient level of training.}