Analysis for June 14th, 2016
Eurodollar is attempting to complete the correction. The price has formed three structures of this correction and right now is forming the fourth one with the target at 1.1270. Later, in our opinion, the market may form the fifth structure to reach 1.1310 and then continue falling inside the downtrend to reach 1.1110.
EUR USD, “Euro vs US Dollar”
GBP USD, “Great Britain Pound vs US Dollar”Pound has rebounded from 1.4315 once again and right now is falling towards 1.4000. Later, in our opinion, the market may be corrected towards 1.4300 and then continue falling inside the downtrend to reach 1.3900.
USD CHF, “US Dollar vs Swiss Franc”Franc has updated the top of its first ascending impulse. This scenario implies that the uptrend may continue to reach 0.9950. At the moment, the price is forming a descending structure. After that, the pair may grow to reach the first target at 0.9700. Later, in our opinion, the market may consolidate for a while and then continue growing inside the uptrend.
USD JPY, “US Dollar vs Japanese Yen”Yen is still moving downwards. The local target is at 104.00.
AUD USD, “Australian Dollar vs US Dollar”Australian Dollar is still consolidating below the broken ascending channel. The target is at 0.7300. After that, the pair may return to 0.7430.
USD RUB, “US Dollar vs Russian Ruble”Russian Ruble has reached the target of the first correctional structure. We think, today the price may return to 64.50. Later, in our opinion, the market may continue growing and forming the correction with target at 69.00.
XAU USD, “Gold vs US Dollar”Gold is falling. After breaking the minimum of the first descending impulse, the price is expected to reach 1250.
RoboForex Analytical Department
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