Welcome to the video update for Tuesday, June the 1st. If you are an ER trader please be aware of the change in trading hours as outlined in the beginning of this video update. First chart is the EUR/USD monthly chart and two patterns have possibilities. Take a look. The weekly chart is also reviewed.
The EUR/JPY pair monthly chart is next up. Price this past month was a wide range candle, successfully testing the last swing low in 2008. See what Trader Rick is seeing using the MACD on the monthly.
Next big picture look is the monthly chart of the Canada where price entered the buy zone this past month. The weekly chart shows near term support.
Trader Rick takes a look at the gold monthly chart with the month of May being a spinning top candle. This indicates a loss of momentum. The weekly gold chart is an inside week so watch for a break of the high or low for an indication of trend direction.
Next up is the monthly crude chart where price tested support at the lower keltner channel. The daily crude has a conservative 9/30 setup. Is it a long or short?
The index charts are last up so be sure to checkout the big picture look of the indexes.
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