Forex Technical Analysis 23.06.2015 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD)
23.06.2015
Analysis for June 23rd, 2015
EUR USD, “Euro vs US Dollar”
Eurodollar hasn’t been able to continue moving upwards and broken its consolidation downwards instead. According to the main scenario, the pair is expected to continue falling towards level of 1.1000. We think, today, the price may test level of 1.1300 from below and then continue forming a descending wave.
GBP USD, “Great Britain Pound vs US Dollar”
Pound has broken its consolidation channel downwards. The pair is expected to form a descending wave with the target at level of 1.5733. We think, today, the price may test level of 1.5834 from below and then continue growing towards the above-mentioned target.
USD CHF, “US Dollar vs Swiss Franc”
Franc has broken its consolidation channel upwards. We think, today, the price may reach level of 0.9333 and then return to level of 0.9077.
USD JPY, “US Dollar vs Japanese Yen”
Yen has expanded its consolidation channel upwards. We think, today, the price may start a correction towards level of 123.90 and continue falling to reach new lows. The target is at level of 122.22.
AUD USD, “Australian Dollar vs US Dollar”
Australian Dollar has completed its descending structure. We think, today, the price may return to the structure’s center at level of 0.7777 and then start forming another consolidation channel. If later the pair breaks this channel upwards, the market may continue growing towards level of 0.7900; if downwards – fall to reach to level of 0.7600.
USD RUB, “US Dollar vs Russian Ruble”
Ruble is moving upwards and forming the fifth wave towards level of 58.50. We think, today, the price may continue growing towards level of 55.83. After reaching this level, the pair may consolidate close to it and then start another ascending movement to reach the target at 58.50.
XAU USD, “Gold vs US Dollar”
Gold has reached its downside target. We think, today, the price may return to level of 1194 to test it from below. After that, if the price reaches a new low, the downtrend will continue towards level of 1150. An alternative scenario implies that the market may break its consolidation channel upwards and the correction may continue up to level of 1207.
RoboForex Analytical Department
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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.