Forex Technical Analysis 02.07.2015 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD)
02.07.2015
Analysis for July 2nd, 2015
EUR USD, “Euro vs US Dollar”
Eurodollar is under pressure and continues falling; it has formed the central part of its continuation pattern. We think, today, the price may test level of 1.1100 from below and then fall towards level of 1.0965. After that, the pair may return to level of 1.1100 once again and then continue falling to reach level of 1.0930.
GBP USD, “Great Britain Pound vs US Dollar”
Pound has broken its consolidation channel downwards right now is extending this descending structure. We think, today, the price may reach level of 1.5560, at least. Later, in our opinion, the market may return to level of 1.5715.
USD CHF, “US Dollar vs Swiss Franc”
Franc has reached its target inside triangle pattern. We think, today, the price may fall to reach level of 0.9350 and then grow towards level of 0.9545. Later, in our opinion, the market may return to level of 0.9350 again.
USD JPY, “US Dollar vs Japanese Yen”
Yen is moving to return to the center of its consolidation channel. We think, today, the price may continue forming the current descending wave to break the minimum and reach level of 120.60. Later, in our opinion, the market may grow to return to level of 122.22 to test it from below and then form another descending structure to reach level of 119.00.
AUD USD, “Australian Dollar vs US Dollar”
Australian Dollar is forming another descending wave towards level of 0.7568. After that, the price may return to level of 0.7650 to test it from below and then continue falling to reach level of 0.7500.
USD RUB, “US Dollar vs Russian Ruble”
Ruble is consolidating below level of 55.50. We think, today, the price may grow to break the channel upwards and then form another consolidation channel. After that, the pair may break this channel upwards as well and reach level of 58.50. Later, in our opinion, the market may start falling towards level of 52.50.
XAU USD, “Gold vs US Dollar”
Gold is still falling towards level of 1150. After reaching it, the price may form a correction towards level of 1173 to test it from below. Later, in our opinion, the market may continue falling with the target at level of 1140.
RoboForex Analytical Department
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Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.