Forex forecast and technical analysis 01.07.2022 :: InvestMacro


Article by RoboForex.com

EURUSD, “Euro vs. US Dollar”

After completing the descending wave at 1.0383 along with the correction up to 1.0484, the EURUSD continues to fall towards 1.0355. Later, the market may correct to return to 1.0484 and then resume trading lower with the target at 1.0300.


Risk Warning: The result of previous trading operations does not guarantee the same results in the future

GBPUSD, “Great British Pound to US Dollar”

After completing the descending wave at 1.2100 along with the correction up to 1.2187, GBPUSD continues to fall towards 1.2079 and may correct later up to 1.2200. After that, the instrument may start falling again with the target at 1.2000.

British Pounds / US Dollars
Risk Warning: The result of previous trading operations does not guarantee the same results in the future

USDJPY, “US Dollar vs Japanese Yen”


Get our free MetaTrader 4 indicators – Put our free MetaTrader 4 custom indicators on your charts when you join our weekly newsletter


Get weekly commitment to traders’ reports Find out where the largest traders (hedge funds and commercial hedgers) are located in the futures markets on a weekly basis.


After ending the descending wave at 135.83 and then forming a new consolidation range around this level, USDJPY broke it to the downside and it may continue lower later with the short term target at 134.85. After that, the instrument may form another ascending structure to return to 135.82 and then resume trading lower to reach 134.66.

US dollar / Japanese yen
Risk Warning: The result of previous trading operations does not guarantee the same results in the future

USDCHF, “US Dollar vs. Swiss Franc”

USDCHF completed the ascending wave at 0.9600 along with the correction down to 0.9535; At the moment, it is growing towards 0.9610. After that, the instrument may break this level upwards and then form another ascending structure targeting at 0.9685.

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

AUDUSD, “Australian dollar to US dollar”

After completing the descending wave at 0.6858 along with the correction to 0.6915, AUDUSD forms a new descending structure towards 0.6800. Later, the market may grow back to 0.6858 and then resume trading lower with the target at 0.6755.

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

print

Brent crude is still correcting lower to 110.00. After that, the instrument may start growing again with the target at 116.85 or even extend this structure upwards to 123.00.

print
Risk Warning: The result of previous trading operations does not guarantee the same results in the future

XAUUSD, “Gold vs. US Dollar”

Gold is falling towards 1799.40. Later, the market may grow to reach 1812.40 and then resume trading downwards with the target at 1791.30.

He went
Risk Warning: The result of previous trading operations does not guarantee the same results in the future

Standard & Poor’s 500

The S&P is still falling towards 3690.0. After that, the price may correct up to 3817.5 and then form a new descending wave targeting 3620.0.

Standard & Poor's 500

Article by RoboForex.com

attention!
Forecasts presented in this section only reflect the author’s own opinion and should not be considered guidelines for trading. RoboForex LP does not assume any responsibility for the trading results based on the trading recommendations described in these analytical reviews.



Source link

Add a Comment

Your email address will not be published.