years on the market
Tuesday, June 30th, today’s news—China passes Hong Kong national security law that may lead to further tensions with the US. Japan's unemployment level has reached a three-year high: 2.9%. EUR/USD is at 1.1212; GBP/USD—1.2277; Brent oil is $41.56 per barrel, WTI—$39.36; gold is $1,785.40. Read the daily selection of analytical reviews from Grand Capital experts to navigate the market during a time of volatility.
In today's video, our Chief Analyst Vladimir Rojankovski takes a look at the positive sentiment in the US stock market that triggered growth in several economic sectors at once. Subscribe to our YouTube channel and never miss an update!
Resistance level of 107.88 deters buyers. Stochastic Oscillator indicates an overbought condition. The ascending movement is likely a wave (B H12) of a descending pattern. Keep track of the rate changes in real time.
Trading recommendations: sell when the descending pattern is formed, where wave (aC) breaks through an inclined channel of the ascending pattern.
The pair is still in a short downtrend amid the once again resurfaced Brexit issues. The latter, combined with the coronavirus pandemic, are likely to continue impacting the British currency for a long time. Keep track of the rate changes in real time.
Trading recommendations: if the price goes below 1.2275, it will be likely to continue down to 1.2155.
The overall trend is upward. If the price pivot level of 220.70 is breached, a 1-2-3 ascending pattern will form as part of the overall uptrend. Stochastic Oscillator indicates oversoldness. Keep track of the rate changes in real time.
Trading recommendations: buy above the price pivot level of 220.70; stop Loss: 209.00; target levels: 231.50, 240.58.
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.