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Forex Technical Analysis & Forecast 23.06.2021

EURUSD, “Euro vs US Dollar”

After finishing the correction, EURUSD is falling with the short-term target at 1.1750. After that, the instrument may start a new growth to return to 1.1940 and then resume trading downwards to reach 1.1660.

Forex Technical Analysis & Forecast 23.06.2021 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 the correction to reach 1.3941. Later, the market may form a new descending structure with the short-term target at 1.3757.

Forex Technical Analysis & Forecast 23.06.2021 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 still consolidating below 73.30. Today, the pair may fall towards 72.33 and then grow to reach 72.85, thus forming a new consolidation range between these two levels. After breaking this range to the downside, the instrument may start another decline with the target at 71.00.

Forex Technical Analysis & Forecast 23.06.2021 USDRUB
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

USDJPY, “US Dollar vs Japanese Yen”

After completing the ascending wave at 110.60 and then forming a new consolidation range around this level, USDJPY has broken it to the upside. Possibly, today the pair may continue trading upwards with the target at 111.44.

Forex Technical Analysis & Forecast 23.06.2021 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 has completed the correction at 0.9180. Today, the pair may grow to break 0.9292 and then continue moving upwards to reach 0.9400. After that, the instrument may start a new decline with the target at 0.9127.

Forex Technical Analysis & Forecast 23.06.2021 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 finishing the correction at 0.7560, AUDUSD is expected to form a new descending structure towards 0.7400. Later, the market may start another growth to return to 0.7560 and then resume trading downwards with the short-term target at 0.7340.

Forex Technical Analysis & Forecast 23.06.2021 AUDUSD
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

BRENT

Brent continues growing towards 75.75 and may later correct to reach 71.40, thus forming a new consolidation range between ерese two levels. After breaking this range to the downside, the instrument may start another decline with the target at 70.00.

Forex Technical Analysis & Forecast 23.06.2021 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 still consolidating above 1761.87 without any particular direction. Possibly, the metal may break the range to the downside and fall with the target at 1750.70. Otherwise, the market may correct towards 1833.20 and then resume trading downwards to reach the above-mentioned target.

Forex Technical Analysis & Forecast 23.06.2021 GOLD
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

S&P 500

After breaking the consolidation range to the upside, the S&P index is still moving upwards to reach 4303.3. Later, the market may correct towards 4166.1 and then form one more ascending structure with the target at 4400.0.

Forex Technical Analysis & Forecast 23.06.2021 S&P 500
Risk Warning: the result of previous trading operations do not guarantee the same results in the future


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