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Forex Technical Analysis & Forecast 09.06.2017 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD, BRENT)

EUR USD, “Euro vs US Dollar”

The EUR/USD pair is consolidating and forming a structure of a continuation pattern at 1.1207. If later the market breaks this consolidation range to the downside, the instrument may reach 1.1130; if to the upside – start another correction with the target at 1.1242.

 

GBP USD, “Great Britain Pound vs US Dollar”

The GBP/USD pair has reached the target of the fifth descending wave. We think, today the price may extend this structure towards 1.2678. Later, the market may be corrected to return to 1.2894.

 

USD CHF, “US Dollar vs Swiss Franc”

The USD/CHF pair has completed the ascending wave and right now is consolidating. If later the market breaks this consolidation range to the upside, the instrument may grow to reach 0.9757; if to the downside – start another correction with the target at 0.9646.

 

USD JPY, “US Dollar vs Japanese Yen”

Being under pressure, the USD/JPY pair is growing. Possibly, the price may test 110.47 form below. After that, the instrument may fall to reach the target of the third wave at 108.87. Later, in our opinion, the market may be corrected towards 110.47.

 

AUD USD, “Australian Dollar vs US Dollar”

The AUD/USD pair is forming the first descending wave. Possibly, the price may reach 0.7513 and then grow towards 0.7540. Later, in our opinion, the market may break this level to the downside and then continue moving downwards with the target at 0.7460.

 

USD RUB, “US Dollar vs Russian Ruble”

The USD/RUB pair is trading above 56.50. We think, today the price may grow to reach 57.20. After that, the instrument may fall towards 55.50.

 

XAU USD, “Gold vs US Dollar”

Gold is trading to rebound from 1281.80 downwards. Possibly, the price may complete the correction at 1267.10. Later, in our opinion, the market may grow towards 1281.76, thus forming another consolidation range. If later the market breaks this consolidation range to the upside, the instrument may move upwards to reach 1320.00; if to the downside – start another decline with the target at 1255.00.

 

BRENT

Brent is still consolidating near its lows. Possibly, today the price may grow towards 49.48 and then fall to reach 46.60, thus forming another consolidation range. After breaking this consolidation range to the upside, the instrument may grow to reach 51.33.

 

RoboForex Analytical Department

 



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