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Forex Technical Analysis & Forecast 01.06.2022

EURUSD, “Euro vs US Dollar”

Having completed the descending impulse at 1.0680 along with the correction up to 1.0746, EURUSD is forming another descending wave towards 1.0623. Later, the market may form one more ascending structure to re…

EURUSD, “Euro vs US Dollar”

Having completed the descending impulse at 1.0680 along with the correction up to 1.0746, EURUSD is forming another descending wave towards 1.0623. Later, the market may form one more ascending structure to return to 1.0680 and then resume moving within the downtrend with the target at 1.0584.

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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 is still consolidating below 1.2565. Today, the pair may fall to break 1.2466 and then continue moving within the downtrend with the target at 1.2350.

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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 finished the ascending wave at 129.20. Possibly, today the pair may fall towards 127.87 and then start a new growth to reach 129.35. Later, the market may resume trading downwards with the target at 127.70.

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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 growing towards 0.9633. Possibly, the pair may break this level to the upside and continue trading upwards with the short-term target at 0.9700.

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USDCHF

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

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD continues falling towards 0.7130. Later, the market may start another correction up to 0.7160 and then resume falling with the target at 0.7118 or even extend this structure down to 0.7033.

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AUDUSD

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

BRENT

After reaching 123.24, Brent is expected to correct down to 115.40. Later, the market may form one more ascending wave with the target at 123.30 or even extend this structure up to 135.00.

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BRENT

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

XAUUSD, “Gold vs US Dollar”

Having formed a new consolidation range around 1847.10 and broken it to the downside, Gold is expected to correct towards 1831.22 or even extend this structure down to 1825. After that, the instrument may resume growing with the target at 1870.00.

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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 ascending wave at 4200.0. Possibly, today the asset may resume trading downwards to reach 4010.0 and then resume growing towards 4220.0. Later, the market may start a new decline with the first target at 3650.0.

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S&P 500

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

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