Forex Technical Analysis 09.06.2015 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD)

June 9, 2015

EUR USD, “Euro vs US Dollar”

Eurodollar has broken level of 1.1190, extended this ascending wave and reached the target. We think, today, the price may test level of 1.1194 and then grow towards level of 1.1260, thus forming another consolidation channel. If later this channel is broken downwards, the market may continue falling inside the downtrend to reach level of 1.0500; if upwards – expand the channel towards level of 1.1500.

GBP USD, “Great Britain Pound vs US Dollar”

Pound is still forming a descending wave with the target at level of 1.5050. By now, the pair has already completed the correction towards level of 1.5370. We think, today, the price may fall to reach level of 1.5242. Later, in our opinion, the market may form another consolidation channel, break it downwards, and then continue falling towards the target.

USD CHF, “US Dollar vs Swiss Franc”

Franc has reached the target of the current correction by forming a consolidation and an extension in the form of expanding triangle. We think, today, the price may form another ascending wave to reach level of 0.9542. Later, in our opinion, the market may fall again towards level of 0.9311.

USD JPY, “US Dollar vs Japanese Yen”

Yen has reached the target of its correction. We think, today, the price may form another ascending structure to reach level of 125.00, thus forming a consolidation channel. If the pair breaks the channel upwards, it may form double top pattern. Later, in our opinion, the market may fall towards level of 123.80.

AUD USD, “Australian Dollar vs US Dollar”

Australian Dollar has returned to the center of its descending wave. We think, today, the price may continue falling to reach level of 0.7645. Later, in our opinion, the market may form a consolidation channel, break it downwards, and then continue falling towards level of 0.7570.

USD RUB, “US Dollar vs Russian Ruble”

Ruble is consolidating. We think, today, the price may break this channel downwards and reach level of 52.50. Later, in our opinion, the market may start forming another ascending structure towards level of 58.50 and then continue falling inside the downtrend.

XAU USD, “Gold vs US Dollar”

Gold has broken its descending channel may continue the current correction towards level of 1185 (at least). Later, in our opinion, the price may form another descending structure towards the main target at level of 1113.

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