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Forex Technical Analysis & Forecast 23.06.2020

EURUSD, “Euro vs US Dollar”

After completing the ascending structure at 1.1255, EURUSD is consolidating around this level. Possibly, today the pair may grow to reach 1.1310 and then fall to break 1.1200. Later, the market may continue trading downwards with the target at 1.1100.

Forex Technical Analysis & Forecast 23.06.2020 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”

After finishing the correction at 1.2500, GBPUSD is consolidating below this level. If later the price breaks this range to the upside to 1.2500, the market may continue the correction towards 1.2545; if to the downside at 1.2440 – form a new descending structure with the target at 1.2380.

Forex Technical Analysis & Forecast 23.06.2020 GBPUSD
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

USDRUB, “US Dollar vs Russian Ruble”

USDRUB is falling towards 69.01. After that, the instrument may correct to reach 69.49 and then resume trading downwards with the target at 68.40.

Forex Technical Analysis & Forecast 23.06.2020 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 has completed the ascending structure at 107.20. Today, the pair may fall towards 106.95 and then start another growth to reach 107.25, thus forming a new consolidation range. Later, the market may break the range to the upside and resume trading upwards with the target at 108.20.

Forex Technical Analysis & Forecast 23.06.2020 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 correcting towards 0.9450. After that, the instrument may form one more ascending structure to break 0.9500 and then continue trading upwards with the target at 0.9550.

 Forex Technical Analysis & Forecast 23.06.2020 USDCHF
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

AUDUSD, “Australian Dollar vs US Dollar”

After completing the ascending wave at 0.6915, AUDUSD is expected to consolidate around it. If later the price breaks this range to the downside, the market may resume trading downwards to reach 0.6780; if to the upside – form one more ascending structure with the target at 0.6975.

Forex Technical Analysis & Forecast 23.06.2020 AUDUSD
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

BRENT

Brent continues forming the ascending wave towards 43.43. Later, the market may start a new correction towards with the first target at 41.65 and then resume growing to reach 42.50.

Forex Technical Analysis & Forecast 23.06.2020 BRENT
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

XAUUSD, “Gold vs US Dollar”

After finishing the ascending wave at 1762.50, Gold has completed the descending impulse towards 1747.50, thus forming a new consolidation range between these two levels. If later the price breaks this range to the downside, the market may correct to reach 1735.65; if to the upside – form one more ascending structure with the target at 1800.00.

Forex Technical Analysis & Forecast 23.06.2020 GOLD
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

BTCUSD, “Bitcoin vs US Dollar”

After finishing the ascending structure at 9700.0, BTCUSD is expected to start a new decline to break 9255.00 and then continue falling inside the downtrend with the target at 8800.00

Forex Technical Analysis & Forecast 23.06.2020 BITCOIN
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

S&P 500

After returning to 3115.5, the Index is still consolidating around this level. If later the price breaks this range to the downside at 3060.5, the market may resume trading downwards to reach 2958.6; if to the upside at 3150.0 – form one more ascending structure with the target at 3235.5.

Forex Technical Analysis & Forecast 23.06.2020 S&P 500
Risk Warning: the result of previous trading operations do not guarantee the same results in the future


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