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AFM Proprietary Program

Technical Analysis & Forecast 29.06.2023

Written by

Ezekiel Chew

Updated on

June 29, 2023

i
Its a default text


EURUSD, “Euro vs US Dollar”

EURUSD has broken 1.0920 downwards and continues developing a structure of decline to 1.0880. After the quotes reach this level, a link of growth to 1.0920 is not excluded (a test from below). Next, a decline to 1.0857 is expected, from where the wave could continue to 1.0750. This is a local target.

EURUSD

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 completed a wave of decline to 1.2606. The market is consolidating above this level today. A link of correction to 1.2686 is not excluded (a test from below). Next, a decline to 1.2538 could follow. This is the first target.

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 continues developing a wave of growth to 144.88. After the price reaches this level, a link of decline to 143.90 is not excluded, followed by a rise to 145.00. Next, a wave of decline to 141.66 might start.

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 continues developing a consolidation range around 0.8977. A link of growth to 0.9004 is expected to develop today. And with a breakout of this level as well, the potential for a wave of growth to 0.9055 might open. This is a local target.

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 has completed a wave of decline to 0.6594. A link of corrective growth to 0.6650 (s test from below) is not excluded today. Next, a decline to 0.6587 could follow. And after the price reaches the target, a new wave of growth to 0.6717 might start.

AUDUSD

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

BRENT

Brent has completed a structure of a wave of growth to 71.85. Today the market has completed an impulse of growth to 74.38. At the moment, a consolidation range is forming under this level. The price could escape this range upwards to 77.34 and extend the wave to 81.00.

BRENT

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

XAUUSD, “Gold vs US Dollar”

Gold goes on developing a wave of decline to 1900.00. After the price reaches this level, a wave of growth to 1918.15 could begin, followed by a decline to 1906.50. Next, a wave of growth to 1936.80 might start.

GOLD

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

S&P 500

The stock index has completed a corrective structure to 4389.5. A new wave of decline to 4326.8 is expected today, from where the trend could continue to 4282.2.

S&P 500

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

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