Analysis for June 26th, 2015
EURUSD, “Euro vs US Dollar”
Eurodollar is still consolidating inside triangle pattern. The market is literally “frozen” awaiting the decision on Greece, which was again postponed “for tomorrow”. We think, today, the price may break the pattern downwards to reach level of 1.1100 and then return to 1.1250. After that, the market may fall to reach level of 1.1100 again and expand its consolidation channel downwards.
GBPUSD, “Great Britain Pound vs US Dollar”
Pound is growing; the pair has already broken its descending channel. We think, today, the price may grow towards level of 1.5800 and then start a descending correction. After that, the market may continue growing towards level of 1.5935.
USDCHF, “US Dollar vs Swiss Franc”
Franc has reached its local upside target. We think, today, the price may fall to reach level of 0.9287 and then form another ascending structure towards level of 0.9430.
USDJPY, “US Dollar vs Japanese Yen”
Yen has reached the target of its descending wave. We think, today, the price may return to level of 123.79 and then form another descending wave to expand this consolidation downwards. The target is at level of 122.22, which is just the middle of this descending wave.
AUDUSD, “Australian Dollar vs US Dollar”
Australian Dollar is still consolidating inside triangle pattern. We think, today, the price may continue forming this descending wave towards level of 0.7500.
USDRUB, “US Dollar vs Russian Ruble”
Ruble is moving upwards. We think, today, the price may reach level of 55.50 and then consolidate near it. The main target of this ascending wave is at 58.50. After that, the pair may start a new descending movement towards level of 52.50.
XAUUSD, “Gold vs US Dollar”
Gold has broken its consolidation channel downwards and continue falling. The local target is at 1150. Later, in our opinion, the market may form a correction to return to level of 1175. After that, if the price may continue falling inside the downtrend to reach level of 1113.
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