Forex Technical Analysis and Forecast 06.07.2022 :: InvestMacro


Article by RoboForex.com

EURUSD, “Euro vs. US Dollar”

After breaking the consolidation range downwards, completing the descending wave at 1.0300, and then forming a new consolidation range around the last level, EURUSD broke it to the downside as well and it may continue falling with the target at 1.0220 or even extend this structure downwards. to 1.0000. Later, the market may start a new correction to return to 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 breaking the consolidation range lower and reaching the expected target at 1.1990, GBPUSD broke this level as well and may continue to decline later towards 1.1860. After that, the instrument may return to 1.1990 to test it from below and then form a new descending structure with the target at 1.1822.

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”


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After completing the descending structure at 135.50 and then forming a new consolidation range around this level, USDJPY broke it lower and may continue falling towards 134.55. Later the market may start another correction upwards to 135.77.

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”

After completing the ascending wave at 0.9630 and forming a new consolidation range around this level, USDCHF broke it to the upside, reaching 0.9703. The pair is likely to correct to test 0.9630 from above and then resume the rise with the first target at 0.9766.

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 ending the descending wave at 0.6800 and breaking this level, AUDUSD ended the descending wave at 0.6760 along with the correction up to 0.6800. Today, the pair is likely to resume trading lower, with the target at 0.6717.

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

print

After completing the descending wave at 111.00 and breaking this level, Brent crude reached the short-term corrective target at 103.88. Today, the asset may form another ascending wave to test 110.74 from below and then resume trading lower with the target at 102.00.

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

XAUUSD, “Gold vs. US Dollar”

After rebounding from 1814.00 to 1784.60 and then breaking the last level, gold is expected to continue falling with the short term target at 1755.30. Later, the market may correct to test 1784.60 from below and then resume the decline to reach 1700.00.

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 consolidating around 3787.0. The asset is likely to expand the range down to 3700.0 and then form another ascending wave to reach 3910.0 or even expand this structure to 4100.0. On the other hand, if the price breaks the range to the upside, the market may resume trading down to reach 3500.0.

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.



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