Forex Technical Analysis 03.07.2015 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD)

July 3, 2015

EUR USD, “Euro vs US Dollar”

After returning to level of 1.1100, Eurodollar has started consolidating inside a narrow channel. We think, today, the price may continue forming its descending wave with the target at level of 1.0930. After that, the pair may return to level of 1.1180.

GBP USD, “Great Britain Pound vs US Dollar”

Pound is forming another consolidation channel. We think, today, the price may continue falling to reach level of 1.5506. Later, in our opinion, the market may form a correction to return to level of 1.5715.

USD CHF, “US Dollar vs Swiss Franc”

Franc is forming a descending structure with the target at level of 0.9350. After reaching it, the price may reach new highs at level of 0.9545. Later, in our opinion, the market may continue falling to return to level of 0.9350.

USD JPY, “US Dollar vs Japanese Yen”

Yen is forming a descending impulse. We think, today, the price may continue this impulse to break level of 122.22 and then fall towards level of 121.30. Later, in our opinion, the market may grow to return to level of 122.22 and then form another descending structure to reach level of 120.20.

AUD USD, “Australian Dollar vs US Dollar”

Australian Dollar has completed another descending wave. We think, today, the price may return to level of 0.7672 to test it from below and then continue falling to reach level of 0.7500.

USD RUB, “US Dollar vs Russian Ruble”

Ruble is consolidating below level of 55.50. We think, today, the price may grow to break the channel upwards and then form another consolidation channel. The pair is expected to form an upside continuation pattern. After that, the pair may break this channel upwards as well and reach level of 58.50. Later, in our opinion, the market may start falling towards level of 52.50.

XAU USD, “Gold vs US Dollar”

Gold has completed another descending structure. We think, today, the price may test level of 1173 from below and then continue falling towards level of 1140. After reaching it, the market may return to level of 1173 and then continue falling towards level of 1113.

RoboForex Analytical Department

Publication source
RoboForex information  RoboForex reviews

January 16, 2017
U.S. markets are closed Monday
U.S. markets are closed Monday for Martin Luther King Day. This will be a busy week for traders, with the inauguration of president-elect Trump on Friday headlining...
January 16, 2017
Busy start to the GBP with Carney speech
U.S. markets are closed today on account of Martin Luther King Day. Economic data is quiet ahead of another busy week. The Bank of England Governor, Mark Carney will be speaking later this afternoon and his comments come a day before the British PM Theresa May will be holding her press conference on Brexit...
January 13, 2017
The dollar is trading softer into the London open
Aftershocks from President-elect Trump’s campaign-like press conference, which had weighed on global stock markets and yields started to recede late in the U.S. session and U.S. equities managed to recover part of their losses...

Tickmill Rating
NPBFX Rating
Z.com Trade Rating
Orbex Rating
Trade360 Rating
XM Rating

24option Rating
Porter Finance Rating
EZTrader Rating
OptionBit Rating
OptionFair Rating
OptionRally Rating