Forex Technical Analysis & Forecast 14.06.2018 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)
EURUSD, “Euro vs US Dollar”
EURUSD has failed to break 1.1726 downwards; the pair has been supported by the fundamental background and right now is still moving upwards. Possibly, today the price may choose an alternative scenario to reach 1 .1868 and then fall towards 1.1740. After that, the instrument may form a new ascending structure to reach 1.1998.
GBPUSD, “Great Britain Pound vs US Dollar”
GBPUSD is growing. Possibly, the price may reach 1.3434 and then fall towards 1.3375. After that, the instrument may start another growth with the short-term target at 1.3560.
USDCHF, “US Dollar vs Swiss Franc”
USDCHF is falling. Today, the price choose an alternative scenario to continue the correction and reach 0.9777.
USDJPY, “US Dollar vs Japanese Yen”
USDJPY is falling towards 109.29. After that, the instrument may grow to reach 110.05 and then continue this decline with the short-term target at 108.30.
AUDUSD, “Australian Dollar vs US Dollar”
AUDUSD has reached its short-term target and returned to 0.7580. Possibly, today the price may form a new consolidating range. If later the pair breaks this range to the upside, the market may grow towards 0.7600; if to the downside – continue trading to the downside to reach 0.7488.
USDRUB, “US Dollar vs Russian Ruble”
USDRUB is moving downwards. Possibly, the price may reach 61.57 and then grow towards 62.35. After that, the instrument may continue trading to the downside with the short-term target at 60.00.
XAUUSD, “Gold vs US Dollar”
Gold is trading towards 1302.00. Later, the market may fall to reach 1297.00 and then grow with the target at 1304.00. After that, the instrument may fall to break 1288.00 and then continue trading to the downside to reach the short-term target at 1275.00.
BRENT
Brent is trading upwards. Today, the price may break 76.70 and reach the target at 78.30. Later, the market may form a new descending structure to return to 75.80 and then grow with the short-term target at 80.50.
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.