Welcome friend!

What June can bring us?

 

It looks like all markets that we disccused last month reached their forecasted levels. This is very nice and from the feedback of our subscribers I know that many of you adopted this analysis to earn some money. But in situations like this when everything works perfectly there is a risk that some correction may come.

On daily chart of USD/JPY 'head and shoulders' pattern has occurred. Thursday gains have been covered by recent black candle. It will be important hpow market will react around 94 level. If this is broker dolar may fell to 90-92 area. RSI indicator is in well established down trend. Nearest resistance is located at 97.

EUR/AUD found some quiet space between 1.75-1.80 levels. Below, at 1.70 leve,l a long term up trend line runs. RSI indicator is just below his down trend line. If it is broker raising move to 1.85 is possible. If line is not broken by indicator market will probably fell to 1.70.