Forex Technical Analysis & Forecast 29.06.2018 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)
EURUSD, “Euro vs US Dollar”
EURUSD has broken its consolidation range to the upside may continue growing towards 1.1675. After that, the instrument may resume falling to break 1.1575 and continue trading downwards with the target at 1.1425.
GBPUSD, “Great Britain Pound vs US Dollar”
GBPUSD has broken 1.3100. Possibly, today the pair may be corrected towards 1.3162 and then fall to reach 1.3025, thus forming a new consolidation range. If later the pair breaks this range to the upside, the market may start another correction to reach 1.3500; if to the downside – resume falling inside the downtrend with the target at 1.2700.
USDCHF, “US Dollar vs Swiss Franc”
USDCHF has reached 0.9938. Today, the price may form another ascending structure towards 1.0020 and then resume trading downwards to reach 0.9900.
USDJPY, “US Dollar vs Japanese Yen”
USDJPY has reached 110.78. Possibly, today the pair may resume falling towards 110.08 and then form another ascending structure with the target at 111.11.
AUDUSD, “Australian Dollar vs US Dollar”
AUDUSD has reached the short-term target of the fifth descending wave and right now is being corrected towards 0.7400. Later, the market may fall towards 0.7285 and then form a new consolidation range with a reversal pattern. The price is expected to start another correction to reach 0.7700.
USDRUB, “US Dollar vs Russian Ruble”
USDRUB is falling. Today, the price may reach 62.54, break it, and then continue trading downwards with the target at 60.00.
XAUUSD, “Gold vs US Dollar”
Gold has reached 1246.00 and may form another ascending structure towards 1257.00. After that, the instrument may resume falling with the target at 1240.00.
BRENT
Brent is consolidating around 77.66. According to the main scenario, the pair may grow to break the range to the upside and reach the short-term target at 79.79. Later, the market may start another correction towards 76.86 and then continue trading upwards to reach 80.30.
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.