Forex Technical Analysis 10.06.2015 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD)

June 10, 2015

EUR USD, “Euro vs US Dollar”

Eurodollar is forming a consolidation channel and trying to stay at the current levels. We think, today, the price may fall to reach level of 1.1194 or even 1.1060. Later, in our opinion, the market may continue falling inside the downtrend towards the target at level of 1.0500. However, taking into consideration the regulator’s attempts to avoid the collapse, the market may choose to move according to an alternative scenario and grow towards level of 1.1520.

GBP USD, “Great Britain Pound vs US Dollar”

Pound is trying to continue the current correction towards the upper border of its consolidation channel. After reaching it, the price may continue falling towards the lower border at level of 1.5230 and then return to the upper once again. The entire structure may be considered as a correction, which may be completed as a three-wave structure. Later, in our opinion, the market may continue falling inside the downtrend towards level of 1.5050.

USD CHF, “US Dollar vs Swiss Franc”

Franc has formed an ascending impulse and right now is correcting it. Possibly, the price may reach level of 0.9231. Later, in our opinion, the market may start growing towards level of 0.9542.

USD JPY, “US Dollar vs Japanese Yen”

Yen hasn’t been able to complete the correction and “slumped” instead. We think, today, the price may return to level of 121.74 and then form a correction towards level of 123.75. Later, in our opinion, the market may continue falling inside the downtrend.

AUD USD, “Australian Dollar vs US Dollar”

Australian Dollar is trying to return to the upper border of its consolidation channel. If the price rebounds from level of 0.7823, it may start a descending new wave to return to the lower border of the channel at level of 0.7606.

USD RUB, “US Dollar vs Russian Ruble”

Ruble has broken its consolidation channel downwards. We think, today, the price may fall to reach level of 52.50. Later, in our opinion, the market may start forming another ascending wave with the target at level of 58.50 and then continue falling inside the downtrend to reach level of 44.00.

XAU USD, “Gold vs US Dollar”

Gold is still growing; the target is at level of 1185.80. After reaching it, the price may return to level of 1174.60, thus forming a consolidation channel. If later this channel is broken upwards, the market may grow to reach level of 1197.00; if downwards – continue falling inside the downtrend towards level of 1113.00.

Publication source
RoboForex information  RoboForex reviews

December 9, 2016
Euro slips as ECB extends QE by 9-months
The single currency was weaker after the European Central Bank decided yesterday that it would continue with its bond purchases program. The ECB extended its QE plans from March 2017 to the end of the year...
December 9, 2016
The global stock market rally
The global stock market rally, which was underpinned by further ECB stimulus measures yesterday and a rise in oil prices, continued in Asia overnight, with most markets moving higher...
December 9, 2016
Markets throw caution to the wind
Markets have thrown caution to the wind when it comes to movements as of late as once again US equities set the scene with another stellar rise, though not as big as yesterdays...

XM Rating
Vantage FX Rating
FOREX.com Rating
Orbex Rating
 FXTM Rating
Trade360 Rating

OptionFair Rating
Porter Finance Rating
365BinaryOption Rating
Grand Option Rating
OptionsXO Rating
Beeoptions Rating