Jun 16, 2023

Economic and fundamental developments 19-6-2023

• The US dollar index settled near 102.33points.
• Gold prices witnessed a limited decline today, trading at levels around $1956.
• The morning trading saw notable differences in oil prices, with Brent trading at $76,
up 0.87%, while WTI fell to $70, down 1.05%.
• The markets are awaiting several important economic data releases this week, including
Federal Reserve Chairman Jerome Powell's testifies, as well as decisions from the Bank
of England.

Smart Reports
How they work:
Every day we outline a scenario that our technical analysis suggests has a 60-75% chance of
happening. Should this not occur, we offer a second scenario we believe to have 60-75%
probability if the first scenario does not happen.
The second scenario comes online only if the price of the security quoted falls below the
maximum price given in the second scenario. If this happens, the first scenario is no longer
‘live’.
These reports and analysis are not intended to replace your own analysis; independent research is
recommended.

DAILY FUNDAMENTAL AND TECHNICAL ANALYSIS 1

Jun 16, 2023

XAUUSD19 Jun Trend: Up

Time frame: 60 mins
Current Price: 1956.39

Scenario one: Buy gold around 1961.00 with a target price of 1982.00
Alternative: Sell gold around 1952.00 with a target price of 1930.00
Comment: Trading above the support line and moving averages favors the rise

XAGUSD19 Jun Trend: Up

Time frame: 60 mins
Current Price: 24.10

Scenario one: Buy silver around 24.01with a target price of 24.52

Alternative: Sell silver around 23.75with a target price of 23.25
Comment: Trading above the support line and moving averages favors the rise

WTI USOILROLL19 Jun Trend: Up

Time frame: 60 mins
Current Price: 70.89

Scenario one: Buy Oil around 70.16with a target price of 72.18

Alternative: Sell Oil around 69.45with a target price of 67.43
Comment: Trading above the support line and moving averages favors the rise

WTI USOILQ3 Future Contract19 Jun Trend: Up

Time frame: 60 mins
Current Price: 70.91

Scenario one: Buy Oil around 70.18with a target price of 72.20

Alternative: Sell Oil around 69.34with a target price of 67.33
Comment: Trading above the support line and moving averages favors the rise

BRENT UKOILLROLL19 Jun Trend: Up

Time frame: 60 mins
Current Price: 75.46

Scenario one: Buy Oil around 75.03with a target price 77.05

Alternative: Sell Oil around 74.32a target price of 72.30
Comment: Trading above the support line and moving averages favors the rise

DAILY FUNDAMENTAL AND TECHNICAL ANALYSIS 2

Jun 16, 2023

BRENT UKOILQ3 Future Contract19 Jun Trend: Up

Time frame: 60 mins
Current Price: 75.47

Scenario one: Buy Oil around 74.98with a target price of 77.01

Alternative: Sell Oil around 74.27with a target price of 72.25
Comment: Trading above the support line and moving averages favors the rise

EURUSD19 Jun Trend: Up

Time frame: 60 mins
Current Price: 1.0932

Scenario one: Buy the pair around 1.0916with a target price of 1.0968
Alternative: Sell the pair around 1.0890with a target price of 1.0841
Comment: Trading above the support line and moving averages favors the rise

GBPUSD19 Jun Trend: Up

Time frame: 60 mins
Current Price: 1.2810

Scenario one: Buy the pair around 1. 2793with a target price of 1.2854
Alternative: Sell the pair around 1. 2759with a target price of 1.2697
Comment: Trading above the support line and moving averages favors the rise

USDJPY19 Jun Trend: Up

Time frame: 60 mins
Current Price: 141.55

Scenario one: Buy the pair around 141.30with a target price of 142.35
Alternative Sell the pair around 140.82with a target price of 139.79
Comment: Trading above the support line and moving averages favors the rise

US30 19Jun Trend: Down

Time frame: 60 mins
Current Price: 34229.00

Scenario one: Sell the index around 34255.00 with a target price of 33954.00
Alternative: Buy the index around 34374.00 with a target price of 34674.00
Comment: Trading below the resistance and moving averages favors the fall.

DAILY FUNDAMENTAL AND TECHNICAL ANALYSIS 3

Jun 16, 2023

US500 19Jun Trend: Down

Time frame: 60 mins
Current Price: 4403.00

Scenario one: Sell the index around 4406.00 with a target price of 4375.00
Alternative Buy the index around 4422.00 with a target price of 4454.00
Comment: Trading below the resistance and moving averages favors the fall.

UT100 19Jun Trend: Down

Time frame: 60 mins
Current Price: 15088.00

Scenario one: Sell the index around 15135.00 with a target price of 14981.00
Alternative: Buy the index around 15234.00 with a target price of 15388.00
Comment: Trading below the resistance and moving averages favors the fall.

DE30 (Dax) 19Jun Trend: Up

Time frame: 60 mins
Current Price: 16261.00

Scenario one: Buy the index around 16275.00 with a target price of 16428.00
Alternative: Sell the index around 16197.00 with a target price of 16044.00
Comment: Trading above the support line and moving averages favors the rise

JP225 (Nikkei) 19Jun Trend: Down

Time frame: 60 mins
Current Price: 33310.00

Scenario one: Sell the index around 33568.00 with a target price of 33114.00
Alternative: Buy the index around 33798.00 with a target price of 34239.00
Comment: Trading below the resistance and moving averages favors the fall.

UK100 (FTSE100) 19Jun Trend: Down

Time frame: 60 mins
Current Price: 7604.00

Scenario one: Sell the index around 7607.00 with a target price of 7567.00
Alternative: Buy the index around 7628.00 with a target price of 7668.00
Comment: Trading below the resistance and moving averages favors the fall.

DAILY FUNDAMENTAL AND TECHNICAL ANALYSIS 4

Jun 16, 2023

EU50 (EURO Stoxx 50) 19Jun Trend: Down

Time frame: 60 mins
Current Price: 4370.00

Scenario one: Sell the index around 4377.00 with a target price of 4336.00
Alternative: Buy the index around 4398. 00with a target price of 4436.00
Comment: Trading below the resistance and moving averages favors the fall.

VIXRoll 19Jun Closed

USDCHF19 Jun Trend: Down

Time frame: 60 Mins
Current Price: 0.8942

Scenario one: Sell the pair around 0. 8944with a target price of 0.8902
Alternative Buy the pair around 0. 8965with a target price of 0.9006
Comment: Trading below the resistance and moving averages favors the fall.

USDCAD19 Jun Trend: Down

Time frame: 60mins
Current Price: 1.3215

Scenario one: Sell the pair around 1. 3244with a target price of 1.3202
Alternative: Buy the pair around 1. 3264with a target price of 1.3309
Comment: Trading below the resistance and moving averages favors the fall.

AUDUSD19 Jun Trend: Up

Time frame:60mins
Current Price: 0.6851

Scenario one: Buy the pair around 0. 6840with a target price of 0.6880
Alternative: Sell the pair around 0. 6819with a target price of 0.6778
Comment: Trading above the support line and moving averages favors the rise

NZDUSD19 Jun Trend: Up

Time frame:60mins
Current Price: 0.6213

Scenario one: Buy the pair around 0. 6206with a target price of 0.6246
Alternative: Sell the pair around 0. 6185with a target price of 0.6145
Comment: Trading above the support line and moving averages favors the rise

DAILY FUNDAMENTAL AND TECHNICAL ANALYSIS 5

Jun 16, 2023

GBPJPY19 Jun Trend: Up

Time frame: 60 mins
Current Price: 181.37

Scenario one: Buy the pair around 180.91with a target price of 181.95
Alternative: Sell the pair around 180.41with a target price of 179.40
Comment: Trading above the support line and moving averages favors the rise

EURJPY19 Jun Trend: Up

Time frame: 60 mins
Current Price: 154.76

Scenario one: Buy the pair around 154.07with a target price of 155.10
Alternative: Sell the pair around 153.57with a target price of 152.55
Comment: Trading above the support line and moving averages favors the rise

EURGBP 19Jun Trend: Down

Time frame: 60 mins
Current Price: 0.8531

Scenario one: Sell the pair around 0. 8538a target price of 0.8507
Alternative: Buy the pair around 0. 8552with a target price of 0.8580
Comment: Trading below the resistance and moving averages favors the fall.

DAILY FUNDAMENTAL AND TECHNICAL ANALYSIS 6

Jun 16, 2023

The tools used in this technical analysis today:

Classical technical analysis is the basic of predicting price movements, which is derived from
statistical and computational studies. Classical technical analysis is based on price action, peaks
and bottoms, along with price channels, support and resistance, and much Fibonacci ratios are
used.
Fibonacci ratios for use in the study of price movements, discovered by Leonardo Fibonacci in his
statistical and mathematical studies, tested for financial markets and price movements, and gave
excellent results for the prediction of wave propagation and wave interruption during the historical
test stages.
The exponential moving averages are instrumental in determining price trends and can be followed
to identify intersections that cause potential change of direction. In addition, moving averages of
different types represent support and resistance.
AROON is a pointer that determines whether the price is moving in a channel or not, and the
indicator also identifies potential reversal points in directions and also shows how strong the trend
is. Consists of the ascending line and the descending line, and their divergence indicates a channel
in favor of the upper line between them, and their proximity indicates the possibility of reversal or
trading in a weak direction.
The MACD is a momentum and oscillator, and exponential moving averages are used for its
calculation, and the convergence and divergence between these averages is calculated. Therefore,
one of the most important indicators used to integrate it between the measurement of torque and
trends together.

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sources believed to be reliable. Capital Investments makes no warranty as to the accuracy and completeness of
the information contained herein. All opinions and estimates included in this report constitute and reflect our
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permission of Capital Investments. The opinions contained within the report are based upon publicly available
information at the time of publication and are subject to change without notice. Prior to investing, investors
should seek independent financial, tax and legal advice.

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DAILY FUNDAMENTAL AND TECHNICAL ANALYSIS 7