Forex Technical Analysis & Forecast 29.06.2020

June 29, 2020

Article By RoboForex.com

EURUSD, “Euro vs US Dollar”

After completing the descending structure at 1.1200, EURUSD is expected to continue the correction and grow to reach 1.1250, at least. Later, the market may form a new descending structure with the target at 1.1150.

EURUSD
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

GBPUSD, “Great Britain Pound vs US Dollar”


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After reaching its downside target at 1.2315, GBPUSD is correction to reach 1.2387, at least, or even 1.2425. After that, the instrument may resume falling with the target at 1.2275.

GBPUSD
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

USDRUB, “US Dollar vs Russian Ruble”

USDRUB is moving upwards to break 69.70 and may continue the correction towards 70.34. After that, the instrument may start a new decline to return to 69.70 and then form one more ascending structure with the short-term target at 70.84.

USDRUB
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

USDJPY, “US Dollar vs Japanese Yen”

USDJPY is consolidating below 107.36. Possibly, today the pair may fall towards 106.76 and then form one more ascending structure to break 107.36. Later, the market may continue trading upwards with the short-term target at 107.85.

USDJPY
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

USDCHF, “US Dollar vs Swiss Franc”

USDCHF is consolidating around 0.9474. Today, the pair may fall towards 0.9452 and then grow to return to 0.9474. Later, the market may start a new descending correction with the target at 0.9444.

USDCHF
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

AUDUSD, “Australian Dollar vs US Dollar”

After reaching the short-term downside target at 0.6840, AUDUSD is expected to correct towards 0.6900. After that, the instrument may start a new decline to break 0.6830 and then continue trading downwards with the target at 0.6785.

AUDUSD
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

BRENT

Brent is falling to reach 39.64. After that, the instrument may start consolidating. If later the price breaks this range to the downside, the market may resume trading downwards with the short-term predicted target at 37.60.

BRENT
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

XAUUSD, “Gold vs US Dollar”

Gold is forming a narrow consolidation range around 1769.85. Possibly, the pair may continue growing towards 1780.50 and then start a new correction to reach 1769.50. Later, the market may form one more ascending structure with the short-term target at 1791.85.

GOLD
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

BTCUSD, “Bitcoin vs US Dollar”

After completing the descending wave at 8800.00, BTCUSD is expected to correct towards 9200.00 and test it from below. Later, the market may resume trading downwards to reach 8700.00 and then form a new consolidation range around it.

BITCOIN
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

S&P 500

The Index is still falling towards 2963.4. After that, the instrument may form a new consolidation range. If later the price breaks this range to the downside, the market may resume trading inside the downtrend with the short-term predicted target at 2750.5.

S&P 500

Article By RoboForex.com

Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex LP bears no responsibility for trading results based on trading recommendations described in these analytical reviews.