Forex Technical Analysis: EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, Gold

Forex Technical Analysis: EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, Gold

Analysis for June 1st, 2016

EURUSD, “Euro vs US Dollar”

Eurodollar has expanded its consolidation range upwards and right now is falling to expand its downwards as well. The market is expected to test 1.1146 very soon. After that, the pair may move downwards and expand the channel towards 1.1100.

GBPUSD, “Great Britain Pound vs US Dollar”

Being under pressure, Pound is falling. We think, today the price may form the third descending impulse to reach 1.4686. After that, the pair may be corrected towards 1.4505 and then fall with the target at 1.4300.

USDCHF, “US Dollar vs Swiss Franc”

Franc is returning to 0.9924. Later, in our opinion, the market may grow towards 0.9960. If the pair falls and breaks 0.9885, it may start a new correction with the target at 0.9800.

USDJPY, “US Dollar vs Japanese Yen”

Yen is falling quite fast. We think, today the price may be corrected towards 108.90 and then grow to reach 111.80.

AUDUSD, “Australian Dollar vs US Dollar”

Australian Dollar has broken its consolidation range upwards and may continue growing to expand it and reach 0.7324.

USDRUB, “US Dollar vs Russian Ruble”

Russian Ruble is moving in the center of its consolidation range, which may be considered as the flag correctional pattern, and forming another ascending structure towards to reach 67.62. Later, in our opinion, the market may fall towards 63.30.

XAUUSD, “Gold vs US Dollar”

Being under pressure, Gold is moving upwards. We think, today the price may reach 1222 to test it from below and then fall towards 1200.