Forex Technical Analysis 15.06.2016 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD)

June 15, 2016

Article By RoboForex.com

Analysis for June 15th, 2016

EUR USD, “Euro vs US Dollar”

Eurodollar is still falling. We think, today the price may reach a new low and then return to 1.1240 to test it from below. Later, in our opinion, the market may continue falling inside the downtrend to reach 1.1070.

GBP USD, “Great Britain Pound vs US Dollar”

Pound is falling towards the target at 1.4000. Right now, the market is forming another continuation pattern, which may be considered as a part of the fifth wave. After breaking the consolidation range, the price may fall to reach the above-mentioned target. Possibly, this wave may even be extended up to 1.3950.

USD CHF, “US Dollar vs Swiss Franc”

Franc is still consolidating. The main scenario implies that the uptrend may continue. We think, today the price may break the top of the consolidation range. The first upside target is at 0.9715. After that, the pair may form another consolidation range, break it upwards, and then continue growing inside the uptrend towards 0.9950.

USD JPY, “US Dollar vs Japanese Yen”

Yen is moving in the center of another consolidation range. The price is expected to break it downwards and reach 104.00. Later, in our opinion, the market may start a new correction towards 113.00.


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AUD USD, “Australian Dollar vs US Dollar”

Australian Dollar is still consolidating below the broken ascending channel. The target is at 0.7300. After that, the pair may return to 0.7430.

USD RUB, “US Dollar vs Russian Ruble”

Russian Ruble has broken the descending channel and right now is moving in the center of its ascending wave. We think, today the price may continue growing with target at 67.70.

XAU USD, “Gold vs US Dollar”

Gold is consolidating at the top of its ascending structure. Probably, this structure may be extended towards 1293. Later, in our opinion, the market may fall inside the downtrend to break 1271. The first target is at 1250.

RoboForex Analytical Department

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.