🇨🇦 USDCAD

🟠 On the W1 TF, the asset broke through the global trend and continues to decline. The MACD indicator also shows a bearish divergence.

🟠 On the D1 TF, the asset continues to decline and is now testing the critical resistance level of 1.3606, which, if broken, will cause the decline to continue.

🔽 Sell #USDCAD only if the 1.3606 level is broken;
🎯 TP1: 1.3530;
🎯 TP2: 1.3430.

💬 What do you think about USDCAD? Do you support this idea, or is there a counter-scenario? Share your opinion in the comments!

👉💵🇻🇦🛸👈XBRUSD May Fall!

🔥 XBRUSD has reached a critical resistance area on the news and is very overbought, as confirmed by the Stochastic and the crossed upper Bollinger line.

🟠BBG reports a record surge in oil call option purchases amid the Iran-Israel conflict — a pattern historically seen before local market tops.
🟠Experts suggest that potential interventions by the IEA and the U.S. could trigger a sharp price reversal.

#TradeIdea

🔽 We consider selling #XBRUSD on a fall below 73.30;
🎯 Target 1: 70.80;
🎯 Target 2: 69.30.

Hit👍 if you plan to trade actively this week!

📲 Start Trading with FBS

@fbsanalytics

🗓 Important events to look forward to this week:

Tuesday, June 17:
🇯🇵 JPY - BOJ Policy Rate;
🇯🇵 JPY - Monetary Policy Statement;
🇯🇵 JPY - BOJ Press Conference;
🇺🇸 USD - Core Retail Sales m/m - 15:30 GMT+3;
🇺🇸 USD - Retail Sales m/m - 15:30 GMT+3;

Wednesday, June 18:
🇬🇧 GBP - CPI y/y - 09:00 GMT+3;
🇺🇸 USD - Unemployment Claims - 15:30 GMT+3;
🇨🇦 CAD - BOC Gov Macklem Speaks - 18:15 GMT+3;
🇺🇸 USD - Federal Funds Rate - 21:00 GMT+3;
🇺🇸 USD - FOMC Economic Projections - 21:00 GMT+3;
🇺🇸 USD - FOMC Statement - 21:00GMT+3;
🇺🇸 USD - FOMC Press Conference - 2130 GMT+3;

Thursday, June 19:
🇳🇿 NZD - GDP q/q - 01:45 GMT+3;
🇦🇺 AUD - Employment Change - 04:30 GMT+3;
🇦🇺 AUD - Unemployment Rate - 04:30 GMT+3;
🇨🇭 CHF - SNB Monetary Policy Assessment - 10:30 GMT+3;
🇨🇭 CHF - SNB Policy Rate - 10:30 GMT+3;
🇨🇭 CHF - SNB Press Conference - 11:00 GMT+3;
🇬🇧 GBP - Monetary Policy Summary - 14:00 GMT+3;
🇬🇧 GBP - MPC Official Bank Rate Votes - 14:00 GMT+3;
🇬🇧 GBP -Official Bank Rate - 14:00 GMT+3;

Friday, June 20:
🇬🇧 GBP - Retail Sales m/m - 09:00 GMT+3;
🇯🇵 JPY - BOJ Gov Ueda Speaks - 09:40 GMT+3;;

#weeklydigest

A brief overview of important assets:

💵 The index continues its downward movement. The situation in the Middle East and rising oil prices only contribute to the US dollar's decline. If the price falls below 97.70, the decline will continue to 96.56. However, if the price rebounds from the support level 97.70, we can expect a slight increase to test the resistance level of 98.70.

👉🗽🕛The stock market cannot firmly consolidate above the 6040 mark and regularly tests this resistance level. If the resistance level is broken decisively, growth will continue to 6140. However, if another failure occurs, a decline to support level 5915 is likely.

👉🥇🇻🇦👈Amid growing global geopolitical tensions, gold is once again living up to its status as a safe-haven asset. The price is approaching historical highs, currently testing the key level around 3440. A confident breakout and consolidation above this mark could pave the way toward 3500, with the potential for a further bullish impulse extending up to 3700. However, if upward momentum fades and no new catalyst emerges, the market may enter a consolidation phase. In that case, a pullback toward the support zone around 3285 is likely.

📈 What market moves are you expecting this week? 👇

#weeklydigest

📲 Start Trading with FBS

@fbsanalytics