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Forex Technical Analysis & Forecast 14.06.2017 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD, BRENT)

EUR USD, “Euro vs US Dollar”

The EUR/USD pair has formed another consolidation range in the form of the Triangle pattern. If later the market breaks this pattern to the upside, the instrument may complete the correction at 1.1242; if to the downside – continue its decline with the target at 1.1100.

 

GBP USD, “Great Britain Pound vs US Dollar”

The GBP/USD pair has formed another consolidation range in the form of the Triangle pattern. If later the market breaks this range to the downside, the instrument may to reach 1.2487; if to the upside – start another correction with the target at 1.2900.

 

USD CHF, “US Dollar vs Swiss Franc”

The USD/CHF pair has formed its consolidation range in the form of the Diamond pattern. If later the market breaks this pattern’s upside border, it may reach 0.9755. Possibly, the price may fall towards 0.9660. After that, the instrument may grow with the target at 0.9800.

 

USD JPY, “US Dollar vs Japanese Yen”

The USD/JPY pair is forming the fifth descending wave to reach 108.70. The market is expected to form a “wide” five-wave structure. We think, today the price may the third descending wave with the target at 109.09. After that, the instrument may test 109.67 from below and then move downwards to reach the local target at 108.70.

 

AUD USD, “Australian Dollar vs US Dollar”

The AUD/USD pair is still consolidating at the top of the ascending wave; it has formed the Triangle pattern.  The main scenario implies that the price may break the pattern to the downside and reach 0.7500. Later, in our opinion, the market may form a continuation pattern and fall towards 0.7440.

 

USD RUB, “US Dollar vs Russian Ruble”

The USD/RUB pair is consolidating below 57.00. If the price breaks it to the upside, it may grow and extend the current correction towards 57.15 (an alternative scenario). The main scenario implies that the instrument may fall towards 55.50.

 

XAU USD, “Gold vs US Dollar”

Gold has returned to 1267 and right now is form the ascending impulse towards 1271. If later the market breaks this level to the upside, it may move upwards to reach 1291. In fact, the instrument is expected to start the fifth wave with the target at 1300.

 

BRENT

Brent has formed the Expanding Triangle pattern. Possibly, today the price may be corrected to the upside to reach 50.25. Later, in our opinion, the market may fall to reach 45.60 to complete the fourth correction structure and then start another growth with the first target at 52.00.

 

RoboForex Analytical Department

 



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