Forex Technical Analysis 18.06.2014 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD)

June 18, 2014

EUR USD, “Euro vs US Dollar”

EURUSD continues to hold within a consolidation. Today’s expectation is growth to 1.3586 level or higher. Then we expect developing ascending trend with 1.3676 as a target. In case it happens, market might enter the consolidation phase.


GBP USD, "British pound vs US Dollar"

GBPUSD is continuing to consolidate around highs, for today possible scenario is decline with 1.6900 as a target. In case it happens, we expect growth to resume to 1.7000 area. In case this area is accepted, 1.7115 target will likely be  tested.
 


USD CHF, "US Dollar vs Swiss Franc"

USDCHF is developing within consolidation structure. We believe that today’s price action will be descending with test of 0.8957 area. Therefore, basic scenario for the present time will be descending trend.
 


USD JPY, "US Dollar vs Japanese Yen"

USDJPY continues to form correctional «flag» formation according to our models. 102.30 is a possible target. Then growing channel can be broken out with further development of 3rd growing wave and hitting 99.30
 


AUD USD, "Australian dollar vs US dollar"

AUDUSD continues to move within declining channel. Basic scenario for this currency pair is development of bullish structure with possible target of 0.9465. In case it happens, we will assume that next movement will be declining with 0.9270 as a target.
 


USD RUB, "US Dollar vs Russian Rouble"

Russian rouble is trading inside ascending channel. In case this channel is broken out, possible target is 33.94. Next movement can exist if the form of 4th wave as a correction from 35.00 level. After that, in case it happens, 5th declining wave can develop with possible target of 33.20


 

XAU USD, "Gold vs US Dollar"

XAUUSD (Gold) has completed its descending impulse. For today correctional scenario is dominant according to our models with possible target of 1272.92. Next target is 1208.00 level




RoboForex Analytical Department

Publication source
RoboForex information  RoboForex reviews

December 2, 2016
Oil may remain above $50
The Oil price continued to push higher today reaching its highest level in over a year with some predicting that the OPEC deal reached yesterday was a game changer and further gains are expected...
November 29, 2016
Euro may hit parity with US dollar
The Euro was under further pressure today against the US dollar on the back of political instability in Italy and, bringing it closer to parity with its American counterpart...
November 28, 2016
ECB speeches, OPEC rumours to dominate Monday
The US is back to the markets in full swing today as investors return from the long weekend and while this may have a major impact on the markets (given the fact that US bonds and US dollar had such a massive influence on global markets recently) other factors dominate in the calendar with the US being present...

Vantage FX Rating
Trade360 Rating
FBS Rating
XM Rating
Fort Financial Services Rating
Orbex Rating

OptionBit Rating
OptionsXO Rating
365BinaryOption Rating
Binary Brokerz Rating
TopOption Rating
Banc De Binary Rating