Forex Technical Analysis 02.06.2014 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD)

June 2, 2014

EUR USD, “Euro vs US Dollar”

Euro continues moving inside descending channel, which has changed the angle of slope very. We think, today price may reach level of 1.3575, form another ascending wave to test level of 1.3650 from below, and then complete this descending structure by moving downwards again towards level of 1.3570. Later, in our opinion, instrument may form reversal pattern to continue growing up.

GBP USD, “Great Britain Pound vs US Dollar”

Pound is still falling down; market has already broken another correctional channel downwards and right now is moving downwards to reach level of 1.6655. We think, today price may reach it and complete this descending wave. Later, in our opinion, instrument may form reversal pattern and continue growing up to break level of 1.7000.

USD CHF, “US Dollar vs Swiss Franc”

Franc is forming ascending impulse. We think, today price may continue growing up to reach level of 0.8995, return to level of 0.8946, and then complete this ascending wave by form another ascending structure with target at 0.9010. Later, in our opinion, instrument may form reversal pattern and continue falling down.

USD JPY, “US Dollar vs Japanese Yen”

Market was opened with gap up this morning; Yen is growing up towards level of 102.20. After reaching it, price may continue falling down to reach level of 100.50 and then return to level of 101.60.

AUD USD, “Australian Dollar vs US Dollar”

Australian Dollar returned inside into its consolidation channel. We think, today price may fall down to reach level of 0.9200, consolidate for a while, and then form continuation pattern to continue moving downwards. Main target is at local level of 0.9000.

USD RUB, “US Dollar vs Russian Ruble”

Market was opened with gap up. We think, today price may form ascending structure with target at level of 35.35 and then fall down to reach new minimum. Later, in our opinion, instrument may form reversal pattern to continue growing up towards level of 38.50.

XAU USD, “Gold vs US Dollar”

Gold continues forming descending structure; previous correction wasn’t supported and market reached new minimum again. We think, today price may move downwards to reach level of 1213 and then return to level of 1261. Later, in our opinion, instrument may start new descending structure. Main target of this descending wave is at level of 1208.

RoboForex Analytical Department

Publication source
RoboForex information  RoboForex reviews

February 17, 2017
Golds rally may falter
The gold price has racked up its 2nd straight day of gains today on the back of US dollar weakness and doubts over an interest rate hike next month from the US Federal Reserve...
February 16, 2017
Where is black gold heading?
The Euro is slowly going down and this is not brought on by the Eurozone situation. Instead, this is fueled by the U.S. Dollar. Yesterday, Janet Yellen gave a speech in the Senate Banking Committee emphasising the fact that it Is not quite right to use the wait-and-see stance regarding the interest rate hike...
February 14, 2017
Will France exit the euro?
The Euro has come under pressure late in the European session today, after analysts warned of the huge costs that France would face should they decide to ditch the European currency...

FX Giants Rating
XM Rating
 FXTM Rating
FXCM Rating
FOREX.com Rating
OctaFX Rating

UKoptions Rating
99Binary Rating
OptionFair Rating
OptionBit Rating
Dragon Options Rating
365BinaryOption Rating