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Forex Technical Analysis & Forecast 17.06.2020

EURUSD, “Euro vs US Dollar”

After finishing another descending wave at 1.1227, EURUSD is correcting. Possibly, the pair may reach 1.1280 and then fall to break 1.1222. Later, the market may continue trading downwards with the short-term target at 1.1178.

Forex Technical Analysis & Forecast 17.06.2020 EURUSD
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

GBPUSD, “Great Britain Pound vs US Dollar”

GBPUSD continues falling towards 1.2470. After reaching it, the instrument may break it to the downside and then continue trading downwards with the short-term predicted target at 1.2250.

Forex Technical Analysis & Forecast 17.06.2020 GBPUSD
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

USDRUB, “US Dollar vs Russian Ruble”

After completing the descending wave at 69.20 along with the correction towards 69.90, USDRUB has formed a new consolidation range around the latter level. If later the price breaks the range to the downside, the market may form a new descending structure to reach 67.90 at least; if to the upside – choose an alternative scenario and start another growth with the target at 72.00.

Forex Technical Analysis & Forecast 17.06.2020 USDRUB
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

USDJPY, “US Dollar vs Japanese Yen”

USDJPY continues trading downwards to reach 107.03. Later, the market may start another growth towards 108.20. However, if the price breaks 107.00 to the downside, the instrument may resume trading downwards with the target at 106.60.

Forex Technical Analysis & Forecast 17.06.2020 USDJPY
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

USDCHF, “US Dollar vs Swiss Franc”

USDCHF is still falling towards 0.9450. Possibly, today the pair may reach it and then form one more ascending structure to break 0.9560. Later, the market may continue trading upwards with the short-term target at 0.9650.

Forex Technical Analysis & Forecast 17.06.2020 USDCHF
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD is consolidating around 0.6900. Today, the pair may form a new descending wave towards 0.6800 and then grow to return to 0.6900. If later the price breaks the range to the downside, the market may resume trading downwards with the target at 0.6716.

Forex Technical Analysis & Forecast 17.06.2020 AUDUSD
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

BRENT

Brent is consolidating above 40.00. Possibly, today the pair may grow to reach 43.40. However, if the price breaks 40.00 to the downside, the market may form a new descending structure to break 38.89 and then continue the correction with the target at 36.50.

Forex Technical Analysis & Forecast 17.06.2020 BRENT
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

XAUUSD, “Gold vs US Dollar”

Gold is consolidating above 1716.00. According to the main scenario, the price is expected to resume trading downwards with the first target at 1698.00 and then start a new correction towards 1715.50.

Forex Technical Analysis & Forecast 17.06.2020 GOLD
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

BTCUSD, “Bitcoin vs US Dollar”

BTCUSD is forming a narrow consolidation range around 9500.00. Possibly, the pair may expand the range up to 9700.00 and then form a new descending structure to break 9100.00. Later, the market may continue trading inside the downtrend with the target at 8700.00.

Forex Technical Analysis & Forecast 17.06.2020 BITCOIN
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

S&P 500

The Index is consolidating around 3115.0. If later the price breaks the range to the upside, the market may reach 3192.9; if to the downside at 3050.0 – form a new descending structure to break 2960.0 and then continue trading downwards with the short-term target at 2755.5.

Forex Technical Analysis & Forecast 17.06.2020 S&P 500
Risk Warning: the result of previous trading operations do not guarantee the same results in the future


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