Forex Technical Analysis & Forecast 22.06.2022

Article By RoboForex.com

EURUSD, “Euro vs US Dollar”

After completing the correction at 1.0577, EURUSD is forming a new descending structure to break 1.0395 and may later continue falling with the target at 1.0210.

GBPUSD, “Great Britain Pound vs US Dollar”

GBPUSD has finished the correctional wave at 1.2320; right now, it is trading downwards to break 1.2065 and may later continue falling with the target at 1.1819.

USDJPY, “US Dollar vs Japanese Yen”

USDJPY has completed the ascending wave at 136.66; right now, it is forming a new descending structure towards 134.50. After that, the instrument may resume trading upwards with the target at 137.50.

USDCHF, “US Dollar vs Swiss Franc”

USDCHF is still consolidating around 0.9666 without any specific direction. Possibly, today the pair may break the range to the upside and resume trading upwards to break 0.9833. After that, the instrument may continue growing with the target at 1.0045.

AUDUSD, “Australian Dollar vs US Dollar”

After completing the correction at 0.6996, AUDUSD is forming a new descending structure to break 0.6862. Later, the market may continue trading downwards with the target at 0.6790.

BRENT

Having broken 112.00 to the downside, Brent is expected to continue the correction down to 107.44 and may later start another growth break 116.66. After that, the instrument may continue trading upwards with the target at 126.00.

XAUUSD, “Gold vs US Dollar”

Gold has finished the correction at 1843.15; right now, it is forming a new descending structure towards 1817.50. After that, the instrument may break the latter level and continue falling with the target at 1790.00.

S&P 500

The S&P index has completed the correction at 3775.0; right now, it is falling to break 3640.0 and may later continue trading downwards with the target at 3500.0.

Article By RoboForex.com

Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex LP bears no responsibility for trading results based on trading recommendations described in these analytical reviews.