Forex Technical Analysis and Forecast 28.06.2022 :: InvestMacro

Article by RoboForex.com

EURUSD, “Euro vs. US Dollar”

After completing the ascending wave at 1.0614, EURUSD is correcting down to 1.0555. Later, the market may trade upwards to reach 1.0629 and then resume the decline with the target at 1.0440.

GBPUSD, “Great British Pound to US Dollar”

GBPUSD finished the bullish wave at 1.2330 together with the correction down to 1.2240; At the moment, it is forming a new consolidation range above the last level. Today, the pair may rise towards 1.2400 and then trade lower to return to 1.2250. After that, the instrument may start growing again with the target at 1.2420.

USDJPY, “US Dollar vs Japanese Yen”

USDJPY completed the corrective wave at 135.55 and later may start another decline towards 134.90, forming a new consolidation range between these two levels. If the price breaks this range on the upside, the market may form another ascending structure to reach 136.70; If on the downside – resume the drop with the target at 134.18.

USDCHF, “US Dollar vs. Swiss Franc”

Having finished the ascending wave at 0.9619, USDCHF is expected to correct lower to 0.9545 and growth may resume later reaching 0.9633. After that, the tool may form a new descending structure towards 0.9577 and then start a new growth with the target at 0.9700.

AUDUSD, “Australian dollar to US dollar”

AUDUSD is still consolidating around 0.6915. The pair is likely to rise to reach 0.6962 and then resume trading downwards with the target at 0.6863.

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After breaking 113.00 to the upside, Brent crude continues to rise towards 115.60 and may correct later to return to 113.00. After that, the instrument may form another ascending wave with the target at 117.20 or even extend this structure to 122.50.

XAUUSD, “Gold vs. US Dollar”

Gold is still consolidating around 1831.00; Now, it forms a new descending structure towards 1815.00. Later, the market may start a new growth with the target at 1831.00 and then resume trading lower to reach 1791.00.

Standard & Poor’s 500

After breaking 3830.0 up, the S&P continues to grow towards 3950.0. Later the market may reach 4014.0 and then resume trading to the downside with the short term target 3617.0.

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.