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Forex Technical Analysis 21.06.2016 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD)

Analysis for June 21st, 2016

EUR USD, “Euro vs US Dollar”

Eurodollar is consolidating above 1.1300. If the price breaks this consolidation range upwards, it may reach 1.1455; if downwards – continue falling inside the downtrend to reach 1.1180.




GBP USD, “Great Britain Pound vs US Dollar”

The pressure on Pound is getting stronger and the price continues moving upwards. After breaking the consolidation channel upwards, the pair may extend this wave to reach 1.4800. Later, in our opinion, the market may return to 1.4700 and then form another ascending structure with the target at 1.4900. After that, the pair may continue falling inside the downtrend.




USD CHF, “US Dollar vs Swiss Franc”

Franc is consolidating. If the price breaks this consolidation range downwards, it may fall to reach 0.9496; if upwards – continue growing inside the uptrend with the target at 0.9870.




USD JPY, “US Dollar vs Japanese Yen”

Yen is consolidating as well. If the price breaks this consolidation channel upwards, it may be corrected with the target at 106.44; if downwards – continue falling to reach 101.50.




AUD USD, “Australian Dollar vs US Dollar”

Australian Dollar is also consolidating. If the price breaks this consolidation range upwards, it may reach 0.7555; if downwards – continue falling to reach 0.7130.




USD RUB, “US Dollar vs Russian Ruble”

Russian Ruble has almost completed the descending correction. After breaking this descending channel, the market may grow towards 67.67. Later, in our opinion, the market may break this level and then continue moving upwards with the target at 69.00.




XAU USD, “Gold vs US Dollar”

Gold is consolidating; the market has formed the triangle pattern. If the price breaks the pattern downwards, it may fall to reach 1200; if upwards – try to reach 1319 (an alternative scenario).



 
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