Market Reversal Levels (Recap), Week of Jun 15 2015

Reversal -65987

Hello everyone, Let’s highlight weekly reversal levels and see how did the market response to those levels:

First of all, here is the link for the original post: Market Reversal Levels, Week of Jun 15, 2015

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Before we continue; Overbought Zone = R1 & R2 , Oversold Zone = S1 & S2 as we explained before:

EURUSD: we had 1 clear signal yesterday, the pair was rejected below R2 (1.1448) with bearish divergence on a 4-hour closing basis, see chart below:

EURUSD_H4_Jun19

USDJPY: The market jumped into sell zone, the pair was rejected at FOMC meeting and declined :

USDJPY_Jin19H4

USDJPY_Jin19H30

AUDUSD: Jumped above R2, 0.7818 but back and closed below 0.7818 before the day ends:

AUDUSD_m15

 

Good luck…

MARKET DATA

UPCOMING ECONOMIC EVENTS