Market Analysis Monday 10th of June

ANALYSIS 10-06-2013

Nikkei completely collapse

Japanese stock exchange to day trade last Friday closed weakened back. Attenuation due to the availability of stock movements a negative condition for economic projections after U.S. economic stimulus plan policy that will cost a fee of 85 billion would be postponed until the advent of the agreement among the members of the Fed. At the moment the exchange rate equals the yen against the dollar back up to suppress a rising share prices based exporters.

Technically, the index on the trading session today, Monday (10/06) chance to weaken, test negative trends, browse Wall Street. At the H4 chart bearish engulfing formation provides an opportunity for the index to move downside. However, the volume tends to rise, early indications bullish index. In addition, RSI, on the H4 chart, selling in saturated areas, signal upside.

Partly, the index test in advance Support level ie 12 421 and 11888. If failed in the 13310, the estimated index tend to test further back that is 13855 and resistance levels continued to be in the area of ​​14 407 possibilities.

USD / JPY: Dollar Yen Soar, 97.93 Resistance

At last Friday trading, the opening price of USD / JPY at 97.40. Movement of this currency pair experienced a sharp reversal of the direction of up, starting at the bottom level of attenuation to 94.97 after passing the 95.74 support (low, April 5) and then rebounds to the peak level of 97.76.

Technically, today’s trading session on Monday (10/06), the dollar yen pair had the opportunity to move in a positive trend.

Strengthening of yen mainly predicted back soon test resistance at 100.50 ie the minimum and maximum of 102.17. And as, if not capable of yen below 98.10 last break and then another alternative scenario ie Yen chance to test Support at 98.10 and 95.24 area.

Sales turnover Gold This Year Descending

Negative movement in the price of gold still happen on Saturday. The precious metal commodities reported depressed due to the availability of reports that precious metal sales turnover for this year experienced a decline of 45 billion dollars on imformasi from the U.S. Mint that is shaped gold sellers retail enterprises and coins.

Technically, gold trading session today on Monday (10/06) potentially bearish, test returned negative trend, but prone to reversal. RSI indicators tend to re-test Support channel oversold area and heading, but Bollinger Bands are beginning to widen, thus providing the impetus for gold for upside.

Chance of gold price immediately prior to test Support at least in the area of ​​re-test 1360.46 and 1344.38 maximum level. But if the price of gold is able to break above 1386.10 and defending the gold price estimated potential test resistance ie 1404.80 and 1420.39.