USD/JPY is trading to the downside today prior to the US Michigan Consumer Expectations (Jun). On the hourly chart, we have a head and shoulders formation which does act as a confluence for price to short.We anticipate a bearish move down to level 130.444
NZD/USD is trading to the upside today prior to the US Fed Chair Powell Testifies. There is further confluence with price retesting a very strong support zone. We anticipate a bullish move up to level 0.63786
USD/CAD is trading to the downside today prior to the US FOMC Member Harker Speech. There is further confluence with price forming a head and shoulder pattern signaling a drop in price. We anticipate a bearish move down to level 1.28636
EUR/JPY is trading to the upside today prior to the EUR German Buba Wuermeling Speech. We anticipate a bullish move up to level 143.990
EUR/GBP is trading to the upside today prior to the EUR Consumer Confidence (Jun). We anticipate a bullish move up to level 0.87350
USD/CHF is trading to the upside today prior to the US FOMC Member Mester Speech. We anticipate a bullish move up to level 1.98232
GBP/USD is trading to the downside today prior to the US FOMC Member Mester Speech. We anticipate a bearish move down to level 1.20406
AUD/USD is trading to the downside today prior to the US FOMC Member Bullard Speech. We anticipate a bearish move down to level 0.68196
EUR/USD is trading to the upside today prior to the US FOMC Member Bullard Speech. We anticipate a bullish move up to level 1.06575
USD/CAD is trading to the downside today prior to the CAD Foreign Securities Purchases (Apr). We anticipate a bearish move down to level 1.28561
AUD/USD is trading to the downside today prior to the US Fed Chair Powell Speech. We anticipate a bearish move down to level 0.67988
EUR/GBP is trading to the downside today prior to the EUR German Buba Wuermeling Speech. We anticipate a bearish move up to level 0.84846
NZD/USD is trading to the downside today prior to the NZD GDP (QoQ) (Q1). We anticipate a bearish move down to level 0.61365
EUR/USD is trading to the downside today prior to the US FOMC Press Conference. We anticipate a bearish move down to level 1.03473
USD/CHF is trading to the downside today prior to the US API Weekly Crude Oil Stock. Price has formed a head and shoulder pattern increasing the chances of a downside move. We anticipate a bearish move down to level 1.97987
GBP/JPY is trading to the upside today prior to the JPY Reuters Tankan Index (Jun). We anticipate a bullish move up to level 170.811
EUR/USD is trading to the upside today prior to the US FOMC Member Brainard Speech. We anticipate a bullish move up to level 1.06478
EUR/JPY is trading to the downside today prior to the French 6-Month BTF Auction. Price is bearish following a head and shoulder pattern presented on the 1 hour chart. We anticipate a bearish move down to level 138.926