Forex Technical Analysis & Forecast 22.06.2018 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)
EURUSD, “Euro vs US Dollar”
EURUSD has failed to fix below 1.1530; it has formed a new ascending impulse and may choose an alternative scenario to continue the correction. Possibly, today the price may be corrected towards 1.1570. After breaking 1.1623, the instrument may continue trading upwards with the first target at 1.1744.
GBPUSD, “Great Britain Pound vs US Dollar”
GBPUSD has formed a new ascending impulse and may choose an alternative scenario to start another correction. Today, the price may fall to reach 1.3190 and then resume its growth with the first target at 1.3433.
USDCHF, “US Dollar vs Swiss Franc”
USDCHF is still being corrected. Possibly, today the price may reach 0.9950 and then continue trading downwards with the target at 0.9894.
USDJPY, “US Dollar vs Japanese Yen”
USDJPY has finished the descending impulse. Today, the price may reach 110.30. Later, the market may fall to break 109.44 then continue trading downwards with the target at 107.90.
AUDUSD, “Australian Dollar vs US Dollar”
AUDUSD is consolidating near the lows. If later the pair breaks 0.7410 to the upside, the market may continue trading upwards with the first target at 0.7480.
USDRUB, “US Dollar vs Russian Ruble”
USDRUB has completed the descending impulse along with the correction. Today, the price may break the low of this impulse and reach 62.56. After that, the instrument may form another ascending structure to reach 63.40 and then resume trading downwards with the target at 59.90.
XAUUSD, “Gold vs US Dollar”
Gold has finished the ascending impulse. Today, the price fall towards 1264.00 and then grow to break the high of the above-mentioned impulse. Possibly, the pair may be corrected with the target at 1276.00 and then continue trading downwards to reach 1240.00.
BRENT
Brent has broken 74.45 downwards and may continue falling towards 72.30. Later, the market may 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.