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Forex Technical Analysis & Forecast 02.06.2022

EURUSD, “Euro vs US Dollar”

Having completed the descending impulse at 1.0650, EURUSD is forming a new consolidation range there. If later the price breaks the range to the downside, the market may resume moving within the downtrend with the short-term target at 1.0555.

Forex Technical Analysis & Forecast 02.06.2022 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 descending impulse at 1.2488, GBPUSD is consolidating there. Possibly, the pair may break the range to the downside and resume falling towards 1.2300. Later, the market may start another correction with the target at 1.2488.

Forex Technical Analysis & Forecast 02.06.2022 GBPUSD
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

USDJPY, “US Dollar vs Japanese Yen”

Having formed a new consolidation range around 129.35 and broken it to the upside, USDJPY is moving towards 131.80. After that, the instrument may resume trading downwards with the target at 129.30.

Forex Technical Analysis & Forecast 02.06.2022 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 consolidating around 0.9630. Possibly, the pair may break the range to the upside and resume trading upwards with the short-term target at 0.9690. Later, the market may start a new correction to return to 0.9630.

Forex Technical Analysis & Forecast 02.06.2022 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 continues falling towards 0.7130 and may later consolidate there. If the price breaks this range to the downside, the market may form a new descending structure towards 0.7115. After that, the instrument may start another correction up to 0.7155 and then resume falling with the target at 0.7083.

Forex Technical Analysis & Forecast 02.06.2022 AUDUSD
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

BRENT

After finishing the correction at 115.00, Brent is expected to form one more ascending wave with the target at 120.00 or even extend this structure up to 135.00.

Forex Technical Analysis & Forecast 02.06.2022 BRENT
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

XAUUSD, “Gold vs US Dollar”

Having completed the descending wave at 1829.00 along with the ascending impulse towards 1848.00, Gold is forming a new consolidation range below the latter level. Today, the asset may break it to the upside and resume growing with the target at 1855.00.

Forex Technical Analysis & Forecast 02.06.2022 GOLD
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

S&P 500

The S&P index is consolidating around 4100.0. Possibly, the asset may resume trading downwards to reach 4000.0 and then form one more ascending structure towards 4220.0. Later, the market may start a new decline with the target at 3800.0.

Forex Technical Analysis & Forecast 02.06.2022 S&P 500
Risk Warning: the result of previous trading operations do not guarantee the same results in the future


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