Forex Technical Analysis & Forecast 20.06.2018 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)

June 20, 2018

Article By RoboForex.com

EURUSD, “Euro vs US Dollar”

After reaching 1.1535, EURUSD has completed the correction to the upside and returned to 1.1595. Possibly, today the price may form another descending structure. The next target is at reach 1.1480. Later, the market may grow towards 1.1535 and then fall with the target at 1.1430.

EURUSD
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

 

GBPUSD, “Great Britain Pound vs US Dollar”

GBPUSD is moving downwards. Possibly, the pair may be corrected towards 1.3255 and then fall to reach 1.3066. After that, the instrument may start another correction to return to 1.3160 and then resume its decline with the target at 1.3022.

GBPUSD
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

 

USDCHF, “US Dollar vs Swiss Franc”


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USDCHF is consolidating again. Possibly, the pair may fall to reach 0.9900. Later, the market may break the range to the upside and then continue trading upwards to reach 1.0020.

USDCHF
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

 

USDJPY, “US Dollar vs Japanese Yen”

USDJPY is trading to rebound from 109.58; it is consolidating in the center of the range. If later the pair breaks this range to the downside, the market may fall towards 109.40; if to the upside – continue trading upwards to reach 111.11. According to the main scenario, the price is expected to continue trading downwards with the target at 107.90.

USDJPY
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

 

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD is falling. Possibly, the pair may reach the short-term target at 0.7345 and then start another correction towards 0.7480. After that, the instrument may resume trading to the downside to reach the main target of this wave at 0.7292.

AUDUSD
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

 

USDRUB, “US Dollar vs Russian Ruble”

USDRUB has expanded its consolidating channel upwards. Possibly, today the price may fall towards 62.56 and then form another ascending structure to reach 64.24. Later, the market may continue trading downwards with the target at 62.56.

USDRUB
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

 

XAUUSD, “Gold vs US Dollar”

Gold has formed another consolidation range around 1277.00. According to the main scenario, the price is expected to continue trading downwards to reach 1240.00 and then start a new correction with the target at 1304.00.

GOLD
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

 

BRENT

Brent is still being corrected inside the Flag pattern. Today, the price may form another descending structure to reach 71.80 and then resume growing towards the first target at 76.90.

BRENT
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

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.