Forex Technical Analysis & Forecast 13.06.2019 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)
EURUSD, “Euro vs US Dollar”
EURUSD has reached the predicted downside target; right now, it is consolidating around 1.1292. If later the price breaks the range to the downside, the instrument may form a new descending structure towards 1.1253; if to the upside – start another correction to reach 1.1311 and then resume trading inside the downtrend with the target at 1.1212.
GBPUSD, “Great Britain Pound vs US Dollar”
After reaching its upside target, GNPUSD has broken 1.2730 downwards and may form the third descending wave with the predicted target at 1.2660; right now, it is consolidating around 1.2689. If later the price breaks the range to the downside, the instrument may resume trading inside the downtrend to extend the wave towards 1.2622.
USDCHF, “US Dollar vs Swiss Franc”
USDCHF has reached the predicted target of the second ascending impulse; right now, it is consolidating below 0.9957. If later the price breaks the range to the upside, the instrument may resume trading inside the uptrend with the short-term target at 1.0056.
USDJPY, “US Dollar vs Japanese Yen”
USDJPY is still consolidating around 108.52. Possibly, the pair may form one more ascending structure to reach 108.80 and then resume falling towards 108.52. Later, the market may and then start another growth with the short-term target at 109.18.
AUDUSD, “Australian Dollar vs US Dollar”
AUDUSD is still trading downwards; right now, it is forming another descending impulse to reach 0.6903. After that, the instrument may start a new consolidation range. If later the price breaks the range to the upside, the pair may start another correction with the target at 0.6962.
USDRUB, “US Dollar vs Russian Ruble”
USDRUB has reached the target of the second descending impulse; right now, it is consolidating around 64.46. Possibly, the pair may start a new correction. Later, the market may break the range to the upside and form one more ascending structure towards 64.85. After that, the instrument may resume falling with the target at 64.20.
XAUUSD, “Gold vs US Dollar”
Gold is trading upwards. Possibly, today the pair may reach 1340.50 and then form a new descending structure towards 1330.50. If later the price breaks the range to the downside, the instrument may continue trading inside the downtrend towards 1315.30; if to the upside – start another growth to reach 1344.00 and then resume trading downwards with the target at 1300.00.
BRENT
Brent is trading downwards. Today, the pair may reach 59.99 and then form one more ascending structure towards 61.75. Later, the market may resume falling to reach 59.10 to complete the wave. After that, the instrument may start another growth with the first target at 67.00.
