Forex Technical Analysis 29.06.2015 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD)


Analysis for June 29th, 2015

EUR USD, “Euro vs US Dollar”

Eurodollar’s reaction to the Greek problem was a strong gap down. The pair has reached the target level of its descending wave and right now is moving to return to level of 1.1180. However, we should note that the market is expected to form another descending structure to reach level of 1.0930. After that, the price may return to 1.1180.

GBP USD, “Great Britain Pound vs US Dollar”

Pound has renewed the minimum of its consolidation channel. Such scenario implies that the price may extend its descending wave towards level of 1.5560 and then form another ascending wave with the target at level of 1.5940. After that, the market may continue falling inside the downtrend.

USD CHF, “US Dollar vs Swiss Franc”

The market was opened with a small gap up. Franc has tested the upper border of its consolidation channel and then returned to the center. We think, today, the price may form another ascending movement. Later, in our opinion, the market may break the channel and reach level of 0.9535.

USD JPY, “US Dollar vs Japanese Yen”

The market was opened with a gap down and Yen reached the target of its descending wave. We think, today, the price may be corrected to return to level of 123.30 and then form another descending wave to reach level of 121.70.

AUD USD, “Australian Dollar vs US Dollar”

Australian Dollar has expanded its consolidation channel downwards. We think, today, the price may return to the channel’s center at level of 0.7727 and then continue forming this descending wave towards level of 0.7500.

USD RUB, “US Dollar vs Russian Ruble”

Ruble continues moving upwards to reach level of 55.50. After that, the pair may form a consolidation channel and break it upwards. The next target is at level of 58.50.

XAU USD, “Gold vs US Dollar”

The market was opened with a gap up. Gold has broken its consolidation channel upwards. Possibly, the price may form a correction towards level of 1191. After that, if the price may continue falling to reach level of 1150.

RoboForex Analytical Department


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.