What to Trade in June

What to Trade in June

2023-05-24 • Updated

Hey guys, this is the last full trading week in May, and many forward-looking individuals like myself are already preparing themselves to seize whatever opportunities June may have in store. On this note, I will review a few commodities that have satisfied my quest for swing-trading opportunities in the coming month. Follow me!

AUDJPY - Daily Timeframe


The daily timeframe of AUDJPY already gave an initial reaction from the combined resistance from the supply zone, the resistance trendline, and the 200-Day moving average. Looking at how the moving averages are also clearly arrayed in descending order, it is safe to expect a good amount of bearish volatility on AUDJPY soon.

Analyst’s Expectations: 

Direction: Bearish

Target: 88.899

Invalidation: 92.373

CADJPY - Daily Timeframe


CADJPY, as shown in the attached chart, is currently trading within a rising channel, with an initial rejection from the confluence of the resistance trendline of the channel and the pivot zone. It is essential to mention that the pivot zone also doubles as a drop-base-drop supply zone. Fair warning, though, be wary of the 200-period moving average as it is still undecided whether or not it would act as a support.

Analyst’s Expectations: 

Direction: Bearish

Target: 100.636

Invalidation: 102.985

EURGBP - H4 Timeframe


On the monthly timeframe, EURGBP is currently resting on the 50-period moving average, which suggests the possibility of a bullish reaction. In line with that, we see the price reacting to the support trendline on the daily timeframe, as attached above, just a few pips below the 200-Day moving average. However, the good thing about this is that traders can easily use an oscillating indicator to determine whether or not to take an entry from this point.

Analyst’s Expectations: 

Direction: Bullish

Target: 0.87873

Invalidation: 0.86519

GBPCHF - Daily Timeframe


Looking at the order of arrangement of the moving averages, I'm sure you would already be able to guess my sentiment on GBPCHF - Bearish. The 200-period moving average has also greatly resisted the bullish price action. The resistance trendline's confluence serves as the final hint to figuring out the analysis.

Analyst’s Expectations: 

Direction: Bearish

Target: 1.10813

Invalidation: 1.12280


The trading of CFDs comes at a risk. Thus, to succeed, you have to manage risks properly. To avoid costly mistakes while you look to trade these opportunities, be sure to do your due diligence and manage your risk appropriately.


You can access more of such trade ideas and prompt market updates on the telegram channel.


How Did EUR React to the ECB Meeting? 
How Did EUR React to the ECB Meeting? 

The European Central Bank (ECB) has raised interest rates by 25 basis points, marking its tenth consecutive rate hike since July 2022 and bringing the total increase to 450 basis points. The ECB is primarily concerned about high inflation levels, both current and projected, with concerns extending into the future.

Can the CPI Release Reverse The USD? 
Can the CPI Release Reverse The USD? 

The upcoming August inflation data may send mixed signals. The 12-month headline inflation rate is expected to rise to 3.6%, causing concerns for the Biden administration. However, core inflation, which excludes food and energy prices, is projected to decrease to 4.3%, aligning with the Federal Reserve's goals. Past price trends influence both figures, so looking at recent data for a more accurate picture is crucial.

Will the NFP help the greenback?
Will the NFP help the greenback?

The odds of a final interest rate hike by the US Federal Reserve (Fed) this year have dropped after US job openings hit their lowest levels since early 2021. This has led to a correction in the US Dollar as traders reduced their bets on further rate hikes.

Latest news

Gold is Rising Despite Inflation Returns
Gold is Rising Despite Inflation Returns

Gold prices are rising for three consecutive days ahead of the Federal Reserve (Fed) interest rate decision, which is expected to remain unchanged due to declining inflation and a positive economic outlook. Investors are keen on the Fed's interest rate guidance, fearing a hawkish stance that could trigger market risk aversion.

Can the Chinese Economy Recover?
Can the Chinese Economy Recover?

Amid concerns of a Chinese economic slowdown, reports of declining investment often overlook China's efficient investment strategy in emerging sectors for long-term growth. China has taken measures to stabilize foreign and private sector investments, like reducing the reserve requirement ratio to boost investor confidence.

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