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Forex Technical Analysis 17.06.2015 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD)

Analysis for June 17th, 2015

EUR USD, “Euro vs US Dollar”

Eurodollar has finished the first descending impulse and corrected it. We think, today, the price may form another descending impulse to reach level of 1.1100 and then another correction to return to level of 1.1240. All these movements will be inside another consolidation channel. According to the main scenario, the market may break it downwards and then continue falling inside the downtrend.




GBP USD, “Great Britain Pound vs US Dollar”

Pound hasn’t been able to form a proper correction, but completed its ascending wave. We think, today, the price may form another descending impulse and then a reversal pattern to continue the downtrend towards level of 1.5050.




USD CHF, “US Dollar vs Swiss Franc”

Franc is still forming a consolidation channel. We think, today, the price test the lower border of triangle pattern. Later, in our opinion, the market may grow to break the channel. The target is at level of 0.9545.




USD JPY, “US Dollar vs Japanese Yen”

Yen is consolidating without any particular direction. We think, today, the price may test level of 124.20 from below. Later, in our opinion, the market may form another descending structure with the target at 122.22.




AUD USD, “Australian Dollar vs US Dollar”

Australian Dollar is still consolidating. We think, today, the price may grow towards level of 0.7820 to test it from below. After that, the pair may fall towards level of 0.7647. Possibly, the market may break this level and continue moving downwards to level of 0.7500.




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 continues forming a consolidation channel, which may be considered as triangle pattern. If later this channel is broken if upwards – the market may continue the current correction to level of 1197; if downwards – continue falling inside the downtrend towards level of 1113. We think, today, the price may fall towards level of 1173.70 and then return to level of 1181.80.



 
RoboForex Analytical Department

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