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12th June 2018 Market Outlook


Aussie Loonie – AUD/CAD rally higher after price pullback into its 0.9820 support level and rejected it as we expected in our 11th June 2018 Market Outlook. Traders who went long as we recommended may consider continue holding onto the long position with a trailing stop behind as price is likely going to continue to rally higher in the coming days.

AUDCADrDaily

 

Silver – Silver breakout above its 16.83 resistance level yesterday which opened up the door for potential bullish move. Traders may consider buying into this market to jump on the potential bullish run or wait for price to pullback into its 16.83 support level (Previous resistance level) before buying into this market for a safer entry.

XAGUSDrDaily

 

Pound Loonie – GBP/CAD rejected its 1.7400 resistance level last Friday which could potentially lead price lower in the coming days. Since the trend is still bearish, traders may consider shorting this market to jump on the potential bearish swing. There’s no immediate support level below which offer traders huge profit margin to trade the short side of the market.

GBPCADrDaily

Posted on 2018-06-12 06:30:04

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