23 Juni 2022

Market summary

Greenback Weakens Again

The Greenback currency weakened again against several other major
currencies. The decline in the yield value of bonds with a tenor of 10 years is
the cause of the weakening of the US Dollar. The magnitude of fears of a US
and global recession has also put pressure on the movement of the US Dollar
currency. Powell overnight said he would try his best to dampen the rate of

rising inflation.

Fiber Strengthens Slightly Against the US Dollar

The weakening that occurred in the US Dollar currency has supported the limited
strengthening of the Euro. In addition, expectations of an increase in the ECB interest
rate also encouraged the strengthening of Fiber

Cable Actually Weakens

The weakening that occurred in the US Dollar was not taken advantage of the
Cable movement. The pressure on the Pound also came from the defeat of the
conservative party as well as the protracted Brexit issue.
Cable's weakness in the forecast will still continue in today's trading.

Oil Prices Continue to Decline

The resurgence of fears of a US and global recession has again suppressed the
movement of oil prices. This can affect the level of global demand for fuel oil. In
addition, president Biden's request for a fuel tax delay could weigh on oil price
movements. The decline in oil prices is predicted to continue amid api reports on
rising U.S. oil reserved.
 Market summary

Gold Price Tries To Rise

The resurgence of fears of a global recession has benefited gold price
movements. Another impetus that caused the increase in gold prices also
came from the weakening that occurred in the US Dollar currency. The chances
of a rise in gold prices are still on hold as a result of the return pending Powell's

statement for the second day later in the evening.

.
Aussie Weakens
The movement of the Aussie currency experienced further weakness, due to
concerns about economic conditions in China. In addition, the absence of an
increase in the price of Australian commodities such as copper and iron ore
has also suppressed the movement of the Aussie currency.

Hangseng Index Declines Again

Fear of a recession has lowered the price movement of the Hangseng stock index.
The decline in financial and property sector stocks in Wallstreet also suppressed
the movement of the Hangseng stock index.

Nikkei Declines Again

The limited strengthening of the Yen currency has put pressure on the
movement of the Nikkei stock index. In addition, the negetaiveness of stock
indices on Wallstreet, especially the technology sector, is putting more pressure
on the Nikkei stock index
Focus Economic Data
Later that evening there will again be an agenda for the Fed chairman's
statement, which affirmed his move to lower inflation. German
Manufacturing data will be released later in the day, which is predicted to
be bad for euros.
 TRADING AREA

GBPUSD

1,22565 144
MA Custom
Resistance 1,23403 5 (H4) UP
1,24768
Buy below 1,21300
1,10362 Sell ---------
Recomendation
Support 1,18997 Stop Loss above 1,20600
1,18159 Target 1,21800 – 1,22500

EURUSD

1,05131
Resistance MA Custom 144
1,05840
5 (H4) UP
1,06617
Buy below 1,04300
1,03645 Recomendation Sell ---------
Support 1,02868 Stop Loss above 1,03800
1,02159 Target 1,04800- 1,05300
 TRADING AREA

AUDUSD

0,70645 144
MA Custom
Resistance 0,71264 5 (H4) UP
0,72289
Buy below 0,69800
0,69001 Sell ---------
Recomendation
Support 0,67976 Stop Loss above 0,69000
0,67357 Target 0,70500 – 0,71300

USDJPY

135,099
Resistance MA Custom 144
136,383
5 (H4) DOWN
137,186
Buy --------
133,012 Recomendation Sell above 134,300
Support 132,209 Stop Loss below 135,000
130,925 Target 133,700 – 133,200
 TRADING AREA

USDCHF

1,00162 144
MA Custom
Resistance 1,00918 5 (H4) DOWN
1,01346
Buy -------
0,98978 Sell above 0,99700
Recomendation
Support 0,98550 Stop Loss above 1,00500
0,97794 Target 0,99000 – 0,98600

GOLD

1848,70 144
Resistance 1862,55 MA Custom
5 (H4) UP
1883,26
Buy below 1825
1814,14 Recomendation Sell ----------
Support 1793,43 Stop Loss above 1820
1779,58 Target 1835 – 1845
 TRADING AREA

OIL

118,21 144
MA Custom
Resistance 121,39 5 (H4) DOWN
123,20
Buy -------
113,22 Sell above 118,50
111,41 Recomendation
Support Stop Loss below 119,00
108,23 Target 117,00 - 116,00

Hangseng

21334
Resistance MA Custom 144
21517
5 (H4) UP
21721
Buy below 21000
20947 Recomendation Sell -------
Support 20743 Stop Loss above 20500
20560 Target 22000 - 28000