Market Forecast

06/05 Overall Market Direction and Price Range Forecast

Let’s take a look at today’s price forecast!

Suggested assets and trading range of today. Note that the trading range stated below are an daily overall range, meaning it is an expected price range that the asset may move within.

EURUSD LOW (Price Range: 1.1985 – 1.2025)
GBPUSD HIGH (Price Range: 1.3877 – 1.3927)
USDJPY HIGH (Price Range: 109.09 – 109.43)
EURJPY HIGH (Price Range: 130.92 – 131.40)
EURCHF LOW (Price Range: 1.0945 – 1.0982)
XAUUSD LOW (Price Range: 1775.48 – 1793.09)

Price is expected to move within the expected range. If ranged is broken, price is expected to head towards the direction where it had been broken.

Following are the times when economy news/data will be release. Please note that the times indicated below are in Greenwich Mean Time (GMT). During these times, trend is expected to be form and price is likely to move towards the single direction.

Especially at where at time is marked with ★, keep an eye on EUR pairs at 09:00 and 11:25, GBP pairs at 11:00 and 13:15 for chances to enter the market!

06:00GMT EUR: EURUSD EURGBP EURJPY EURCHF
08:00GMT EUR: EURUSD EURGBP EURJPY EURCHF
★09:00GMT EUR: EURUSD EURGBP EURJPY EURCHF
09:00GMT AUD: AUDJPY AUDUSD
10:30GMT EUR: EURUSD EURGBP EURJPY EURCHF
★11:00GMT GBP: GBPUSD GBPJPY EURGBP
★11:25GMT EUR: EURUSD EURGBP EURJPY EURCHF
12:30GMT USD: USDJPY AUDUSD USDCHF EURUSD GBPUSD XAUUSD XAGUSD
13:00GMT USD: USDJPY AUDUSD USDCHF EURUSD GBPUSD XAUUSD XAGUSD
★13:15GMT GBP: GBPUSD GBPJPY EURGBP
13:15GMT EUR: EURUSD EURGBP EURJPY EURCHF

Let’s try and make profit today as well!