Forex Technical Analysis & Forecast 22.06.2022

EURUSD, “Euro vs US Dollar”

After completing the correction at 1.0577, EURUSD is forming a new descending structure to break 1.0395 and may later continue falling with the target at 1.0210.



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

GBPUSD, “Great Britain Pound vs US Dollar”

GBPUSD has finished the correctional wave at 1.2320; right now, it is trading downwards to break 1.2065 and may later continue falling with the target at 1.1819.

GBPUSD

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

USDJPY, “US Dollar vs Japanese Yen”

USDJPY has completed the ascending wave at 136.66; right now, it is forming a new descending structure towards 134.50. After that, the instrument may resume trading upwards with the target at 137.50.

USDJPY

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

USDCHF, “US Dollar vs Swiss Franc”

USDCHF is still consolidating around 0.9666 without any specific direction. Possibly, today the pair may break the range to the upside and resume trading upwards to break 0.9833. After that, the instrument may continue growing with the target at 1.0045.

USDCHF

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

AUDUSD, “Australian Dollar vs US Dollar”

After completing the correction at 0.6996, AUDUSD is forming a new descending structure to break 0.6862. Later, the market may continue trading downwards with the target at 0.6790.

AUDUSD

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

BRENT

Having broken 112.00 to the downside, Brent is expected to continue the correction down to 107.44 and may later start another growth break 116.66. After that, the instrument may continue trading upwards with the target at 126.00.

BRENT

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

XAUUSD, “Gold vs US Dollar”

Gold has finished the correction at 1843.15; right now, it is forming a new descending structure towards 1817.50. After that, the instrument may break the latter level and continue falling with the target at 1790.00.

GOLD

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

S&P 500

The S&P index has completed the correction at 3775.0; right now, it is falling to break 3640.0 and may later continue trading downwards with the target at 3500.0.

S&P 500

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

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Source: RoboForex


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