Forex Technical Analysis & Forecast 21.06.2018 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)
EURUSD, “Euro vs US Dollar”
EURUSD is still consolidating above 1.1535. Possibly, today the price may break this level downwards and reach 1.1430. Later, the market may be corrected to return to 1.1530 and then continue trading downwards with the target at 1.1290.
GBPUSD, “Great Britain Pound vs US Dollar”
GBPUSD is moving downwards. Possibly, the pair may break 1.3155 and fall to reach 1.3125. After that, the instrument may grow towards 1.3215 and then resume its decline with the short-term target at 1.2970.
USDCHF, “US Dollar vs Swiss Franc”
USDCHF is growing towards 1.0000. Later, the market may fall to reach 0.9955 and then continue trading upwards to reach the short-term target at 1.0093.
USDJPY, “US Dollar vs Japanese Yen”
USDJPY is trading upwards. Possibly, the pair may reach 111.06 and then continue trading downwards with the target at 110.04.
AUDUSD, “Australian Dollar vs US Dollar”
AUDUSD is falling with the short-term target at 0.7345. After that, the instrument may start another correction towards 0.7480 and then resume trading to the downside to complete this structure at 0.7292. Later, the market may form a new consolidation channel near these lows.
USDRUB, “US Dollar vs Russian Ruble”
USDRUB is moving downwards. Today, the price may reach 62.56 and then form another ascending structure to reach 64.24. Later, the market may continue trading downwards with the first target at 61.55.
XAUUSD, “Gold vs US Dollar”
Gold continues falling. The target is at 1240.00. After that, the instrument may start a new correction with the first target at 1277.00.
BRENT
Brent is still consolidating around 74.88. Today, the price may form another descending structure to reach 73.90 and then resume growing to return to 74.88. If later the pair breaks this range to the downside, the market may continue trading downwards to reach 72.25; if to the upside – start another growth towards the first target at 77.00.
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.