Forex Technical Analysis 18.06.2015 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD)

18.06.2015

Analysis for June 18th, 2015

EUR USD, “Euro vs US Dollar”

Eurodollar has finished another ascending impulse. We think, today, the price may form another correction to return to level of 1.1255 and then grow again to reach level of 1.1320. Possibly (an alternative scenario), the market may continue forming yesterday’s impulse towards level of 1.1443.




GBP USD, “Great Britain Pound vs US Dollar”

Being influenced by the fundamental background, Pound continues forming its ascending wave (the third ascending wave). We think, today, the price may fall towards level of 1.5764 and then grow to reach level of 1.5889. Later, in our opinion, the market may start a correction towards level of 1.5510.




USD CHF, “US Dollar vs Swiss Franc”

Franc has renewed the minimum of its descending wave. We think, today, the price may return to level of 0.9287. Later, in our opinion, the market may form another descending structure towards level of 0.9176.




USD JPY, “US Dollar vs Japanese Yen”

Yen has completed its correction and right now is forming the third descending wave inside the downtrend. We think, today, the price may reach level of 122.22. Later, in our opinion, the market may form a consolidation channel, break it downwards, and then reach the local target at 120.00.




AUD USD, “Australian Dollar vs US Dollar”

Australian Dollar continues forming an ascending structure with the target at level of 0.7820. After that, the pair may fall to return to level of 0.7712.




USD RUB, “US Dollar vs Russian Ruble”

Ruble continues falling. We think, today, the price may reach level of 52.50. Later, in our opinion, the market may start forming the fifth ascending wave with the target at level of 58.50.




XAU USD, “Gold vs US Dollar”

Gold is still forming an ascending structure. We think, today, the price may reach level of 1195.75 and then fall towards level of 1187.00. Later, in our opinion, the market may complete this correction by forming another ascending structure to reach level of 1197.68. After that, the price may continue falling inside the downtrend.



 
RoboForex Analytical Department

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.

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