Article By RoboForex.com
Analysis for June 17th, 2016
EUR USD, “Euro vs US Dollar”
Eurodollar has reached a new low and then formed another correctional structure. We think, today the price may continue falling inside the downtrend to reach 1.1100. An alternative scenario implies that the pair may expand the current consolidation range towards 1.1300 and then resume falling.
GBP USD, “Great Britain Pound vs US Dollar”
Pound has reached the local downside target and may be corrected towards 1.4330 to test it from below. After that, the pair may continue falling inside the downtrend to reach 1.3900.
USD CHF, “US Dollar vs Swiss Franc”
Franc has reached the upside border of its consolidation range and right now is falling towards the center. After rebounding from 0.9628, the pair may form another ascending structure with the target at 0.9726.
USD JPY, “US Dollar vs Japanese Yen”
Yen has reached the local target of descending wave and right now is forming structures of the first ascending impulse. The target is at 105.11. After that, the pair may be corrected towards 104.32, break the maximum of the ascending impulse, and then continue forming the first wave of the correction. The target is at 108.00.
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AUD USD, “Australian Dollar vs US Dollar”
Australian Dollar has updated the minimum of the descending wave and today may be corrected towards 0.7445. After that, the pair may continue falling inside the downtrend to reach 0.7130.
USD RUB, “US Dollar vs Russian Ruble”
Russian Ruble is still consolidating. We think, today the price may grow to reach 67.67 as the first wave of the correction. Later, in our opinion, the market may return to 65.50 and then continue the correction. The market is expected to form another ascending wave with the target at 72.00.
XAU USD, “Gold vs US Dollar”
Gold has started falling fast. We think, today the price may form another consolidation channel, break it downwards, and reach 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.
