Forex Technical Analysis & Forecast 07.06.2019 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)8th June 2019
Article By RoboForex.com
EURUSD, “Euro vs US Dollar”
EURUSD has reached 1.1200; right now, it is forming the fifth ascending structure with the target at 1.1317. Possibly, today the pair may fall towards 1.1258 and then resume growing to reach the above-mentioned target. After that, the instrument may form a new descending structure to return to 1.1200.
GBPUSD, “Great Britain Pound vs US Dollar”
GBPUSD is still consolidating around 1.2690. If later the price breaks the range to the downside, the instrument may start another decline to break 1.2644 and then continue trading inside the downtrend with the target at 1.2450.
USDCHF, “US Dollar vs Swiss Franc”
USDCHF is trading upwards. Today, the pair may reach 0.9947. Later, the market may break this level and then continue growing with the short-term target at 1.0016.
USDJPY, “US Dollar vs Japanese Yen”
USDJPY is moving upwards. Possibly, the pair may reach 108.56 and then form a new descending structure towards 108.17. After that, the instrument may start another growth with the target at 109.25.
AUDUSD, “Australian Dollar vs US Dollar”
AUDUSD is moving downwards. Today, the pair may reach 0.6953 and then grow towards 0.6973. If later the price breaks the range to the downside, the instrument may resume trading inside the downtrend with the short-term target at 0.6900.
USDRUB, “US Dollar vs Russian Ruble”
USDRUB is consolidating around 65.10. If later the price breaks the range to the upside, the instrument may continue the correction towards 66.06; if to the downside – resume trading inside the downtrend with the short-term target at 62.77.
XAUUSD, “Gold vs US Dollar”
Gold is still consolidating around 1332.50. According to the main scenario, the pair may break the range downwards and resume falling with the short-term target at 1312.50.
Brent is still moving upwards with the first target at 63.53. Later, the market may start a new decline to reach 61.90 and then form one more ascending structure with the short-term target at 65.55.
Article By RoboForex.com
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.
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