Forex Technical Analysis 02.06.2015 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD)

2 June, 2015

EUR USD, “Euro vs US Dollar”

Eurodollar is consolidating. Possibly, today the price may reach the channel’s lower border at level of 1.1018. Later, in our opinion, the market may break it downwards and continue falling towards level of 1.0801. After that, the pair may return to level of 1.0900 and then continue moving inside the downtrend toward level of 1.0500.
 

GBP USD, “Great Britain Pound vs US Dollar”

Pound continues moving downwards. The main target of this descending wave at level of 1.4400. We think, today, the price may reach level of 1.5120 and complete the first wave or maybe extend it up to level of 1.4950.

USD CHF, “US Dollar vs Swiss Franc”

Franc is moving inside its consolidation channel. We think, today, the price may grow to reach level of 0.9500 and then return to level of 0.9430. Later, in our opinion, the market may start another ascending movement with the target at level of 0.9745.

USD JPY, “US Dollar vs Japanese Yen”

Yen has broken its another consolidation channel upwards and may continue growing towards level of 125.83. We think, today, the price may test level of 124.45 and then continue growing towards the main target.

AUD USD, “Australian Dollar vs US Dollar”

Australian Dollar has broken its descending channel and today may return to level of 0.7781. This structure may be considered as a correction. Later, in our opinion, the market may continue falling towards level of 0.7500.

USD RUB, “US Dollar vs Russian Ruble”

Ruble has broken level of 52.30 upwards and continues forming its consolidating channel. We think, today, the price may continue growing towards the target of the third wave at level of 55.50. However, according to an alternative scenario, the market may yet return to level of 49.50. After that, the pair is expected to continue growing.

XAU USD, “Gold vs US Dollar”

After forming an ascending impulse, Gold has returned to its consolidation channel. We think, today, the price may reach continue falling towards level of 1163. Later, in our opinion, the market may return to level of 1175 and then continue falling to reach level of 1113.

RoboForex Analytical Department


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Eurodollar has almost reached the target of its ascending wave. We think, today, the price may continue forming its consolidation channel at the top of this ascending structure. Possibly, the pair may reach 1.0997...

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Eurodollar is still forming an ascending structure, which may be considered as the fourth correctional one inside the descending wave. We think, today, the price may complete the current growth by reaching 1.0997 and then start falling to form the fifth structure with the target at 1.0752...

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Eurodollar has almost completed the correction. We think, today, the price may form another descending structure to reach 1.0752 and then return to 1.0900...

Murrey Math Lines for 21.12.2015

Eurodollar is consolidating close to Super Trends, which may soon form bearish cross to confirm a new decline of the price. The closest target is at the 0/8 level. If later the par breaks this level, it may continue falling much deeper...

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Eurodollar has expanded its trading range downwards and returned to the center of the channel. We think, today, the price may be corrected towards 1.0914 to test it from below and the form another descending wave with the target at 1.0742...


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After finishing the wave [a], the pair has started a new local correction. Earlier, the price completed the descending impulse in the wave 3 or C. Later, Eurodollar may complete the wave [b] and start forming the ascending impulse in the wave [c] of 4...

Forex Technical Analysis for 16.12.2015

Eurodollar has finished another descending structure to expand its consolidation channel downwards. We think, today, the price may return to 1.0984. Later, in our opinion, the market may rebound from this level and continue falling inside the downtrend towards 1.0770...

Forex Technical Analysis for 15.12.2015

Eurodollar is expanding its consolidation channel upwards. We think, today, the price may prefer to move according to an alternative scenario and grow to reach 1.1068. Later, in our opinion, the market may fall and expand the channel downwards to reach 1.0925...

  


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