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Home / Analytics / Forex analysis & forecasts / Forex Technical analysis and forecasts / Forex Technical Analysis 20.06.2016 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD)
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Forex Technical Analysis 20.06.2016 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD)

20.06.2016

Analysis for June 20th, 2016

EUR USD, “Euro vs US Dollar”

The market was opened with a gap up, so Eurodollar may choose an alternative scenario and form another structure to continue the correction. The scenario implies the third wave with the target at 1.1456. After that, the pair may fall to return to 1.1180 and then form another ascending structure to reach 1.1495.




GBP USD, “Great Britain Pound vs US Dollar”

In case of Pound, the market was opened with a gap up as well. Toda, the price may choose an alternative scenario and form another correctional structure towards 1.4696. After that, the pair may fall towards 1.4455 and then form another ascending structure to reach 1.4900.




USD CHF, “US Dollar vs Swiss Franc”

Being under pressure, Franc is falling. We think, today the price may reach 0.9545 and then test 0.9595 from below. Later, in our opinion, the market may move according to an alternative scenario, which suggests another structure with the target at 0.9496.




USD JPY, “US Dollar vs Japanese Yen”

Being under pressure, Yen is moving upwards. We think, today the price may move according to an alternative scenario, which implies that it may be corrected towards 106.44. After that, the pair may fall towards 101.50.




AUD USD, “Australian Dollar vs US Dollar”

Being under pressure, Australian Dollar is growing. We think, today the price may move according to an alternative scenario, which implies that it may reach 0.7480. Later, in our opinion, the market may test 0.7420 and then move upwards to reach 0.7555.




USD RUB, “US Dollar vs Russian Ruble”

Russian Ruble is expected to complete the correction today. Later, in our opinion, the market may grow towards 67.67 and then test 66.45 from above. After that, the pair may form another ascending wave with the target at 69.00.




XAU USD, “Gold vs US Dollar”

Being under pressure, Gold is falling. We think, today the price may reach 1250 and then grow towards 1270. Later, in our opinion, the market may fall to reach 1200.



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