Forex Technical Analysis & Forecast 06.06.2018 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)

06.06.2018

EURUSD, “Euro vs US Dollar”

EURUSD has completed the ascending structure towards 1.1700 and right now is consolidating around it. According to the main scenario, the price may fall to reach 1.1680, break it, and then continue trading to the downside towards 1.1633. However, an alternative scenario implies that the pair may break this range to the upside and continue the correction to test 1.1752 from below.

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 has formed another consolidation channel. If later the pair breaks this range to the upside, the market may continue the correction towards 1.3465. After that, the instrument may resume falling inside the downtrend with the target at 1.3190.

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

 

USDCHF, “US Dollar vs Swiss Franc”

USDCHF is consolidating. If later the pair breaks this range to the upside, the market may grow towards 0.9960; if to the downside – continue the correction to reach 0.9800.

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 break the current consolidation channel upwards. Possibly, the price may continue trading to the upside to reach 110.45 and then start another decline towards 108.30. Later, the market may break this level and continue falling with the target at 106.25.

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 has reached the target of the first descending impulse and right now is trading close to the upside border of the range. According to the main scenario, the price may fall towards 0.7595, break it, and then continue trading to the downside with the target at 0.7520.

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 reached the downside target of the correction. Today, the price may form a new descending structure towards the short-term target at 60.80.

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

 

XAUUSD, “Gold vs US Dollar”

Gold is trading to rebound from 1299.00. The target is at 1288.00. If later the pair breaks this level to the downside, the market may continue trading to the downside with the short-term target at 1270.00.

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

 

BRENT

Brent is moving up; it has broken 75.40 and may continue growing to reach 77.15. After that, the instrument may form a new descending structure with the target at 75.50 and then continue trading to the upside towards the short-term target at 80.00.

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

Attention!

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.

Ask a question

Need any help? Click on the icon in the lower right corner of the page and get an answer to any your questions

Or enter your phone number in the form below and we will call you right away.

Call back
Ask a question