Analysis for June 3rd, 2015
Eurodollar attempting to form the fifth ascending wave with the target at level of 1.1525. We think, today, the price may return to level of 1.1085 to test it from above. Later, in our opinion, the market may grow towards level of 1.1287 and form a new consolidation channel between the above-mentioned levels.
EUR USD, “Euro vs US Dollar”
GBP USD, “Great Britain Pound vs US Dollar”Pound is forming a correction with the target at level of 1.5430. After reaching it, the pair may form the fifth descending wave towards level of 1.5051 and then start another correction to return to level of 1.5400.
USD CHF, “US Dollar vs Swiss Franc”Franc is falling towards level of 0.9180. Later, in our opinion, the market may return to level of 0.9323, thus forming another consolidation channel.
USD JPY, “US Dollar vs Japanese Yen”Yen is forming a descending impulse with the target at level of 123.54. After reaching it, the pair may return to level of 124.30, thus forming a reversal pattern for a new descending trend. The target of this downtrend is at level of 120.00.
AUD USD, “Australian Dollar vs US Dollar”Australian Dollar continues growing. We think, today, the price may reach level of 0.7850 and then continue falling towards level of 0.7418.
USD RUB, “US Dollar vs Russian Ruble”Ruble is falling towards the lower border of its consolidation channel. If the price breaks the channel downwards, it may reach level of 50.00; if upwards – continue forming an ascending wave with the target at level of 55.50.
XAU USD, “Gold vs US Dollar”Gold continues moving downwards. We think, today, the price may reach level of 1172. Later, in our opinion, the market may return to level of 1179 to test it from below and then continue falling to reach level of 1163.
RoboForex Analytical Department
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