empty
 
 

10.06.202114:40 Forex Analysis & Reviews: Fractal analysis of major currency pairs on June 10, 2021

Outlook on June 10:

Analytical overview of popular currency pairs on the H1 chart:

Exchange Rates 10.06.2021 analysis

The key levels for the EUR/USD pair are 1.2274, 1.2249, 1.2206, 1.2186, 1.2147, 1.2133, 1.2108, 1.2094, 1.2065, 1.2036 and 1.2018. The price has been moving in a local downward trend since June 1, but it is currently in the correction stage and is forming an upward potential from June 4. We expect the decline to resume after the price breaks through the range 1.2147 - 1.2133. The first target is set at 1.2108. After that, the price may consolidate in the range of 1.2108 - 1.2094. If the last value is broken, a strong decline will continue to the next target of 1.2065. The final potential downward target is 1.2018. After reaching it, the price may consolidate in the range of 1.2036 - 1.2018 and pull back upwards.

A short-term growth, in turn, is possible in the 1.2186 - 1.2206 range. If the latter breaks down, the upward trend from June 4 will develop. The first target is set at 1.2249. We consider the level of 1.2274 as the next potential target.

The main trend is the downward trend from June 1, correction stage.

Trading recommendations:

Buy: 1.2186 Take profit: 1.2204

Buy: 1.2208 Take profit: 1.2249

Sell: 1.2133 Take profit: 1.2108

Sell: 1.2092 Take profit: 1.2065

Exchange Rates 10.06.2021 analysis

The key levels for the GBP/USD pair are 1.4247, 1.4189, 1.4148, 1.4126, 1.4079, 1.4059, 1.4007, 1.3985 and 1.3922. The price has been moving in a bearish trend since June 1. We expect this trend to continue after the price breaks through the range of 1.4079 - 1.4059. The target is set at 1.4007 and the price may consolidate in the range of 1.4007 - 1.3985. The final potential downward target is 1.3922. After reaching it, an upward pullback is possible.

Short-term growth is likely in the range of 1.4126 - 1.4148. If the level of 1.4148 is broken, a deep correction will occur. The target is set at 1.4189, which is also the key support level.

The main trend is the downward trend from June 1.

Trading recommendations:

Buy: 1.4126 Take profit: 1.4147

Buy: 1.4150 Take profit: 1.4187

Sell: 1.4059 Take profit: 1.4008

Sell: 1.3985 Take profit: 1.3924

Exchange Rates 10.06.2021 analysis

The key levels for the USD/CHF pair are 0.9009, 0.8988, 0.8973, 0.8940, 0.8924, 0.8911, 0.8878 and 0.8862. The price has been moving in a bearish trend since June 4. We expect the decline to continue after the level of 0.8940 is broken. The first target is set at 0.8924. After that, a short-term decline can be expected in the range of 0.8924 - 0.8911. The breakdown of the latter should be accompanied by a strong decline to the next target of 0.8878. The ultimate potential downward target is 0.8862. After reaching it, an upward pullback will follow.

A short-term decline is likely in the range of 0.8973 - 0.8988. If the last value breaks down, a deep correction will occur. The target is set at 0.9009, which is the key support level.

The main trend is the downward trend from June 4.

Trading recommendations:

Buy: 0.8973 Take profit: 0.8988

Buy: 0.8990 Take profit: 0.9009

Sell: 0.8940 Take profit: 0.8924

Sell: 0.8910 Take profit: 0.8878

Exchange Rates 10.06.2021 analysis

The key levels for the USD/JPY pair are 110.34, 109.98, 109.81, 109.68, 109.38, 109.15, 108.78 and 108.64. We are following the development of the long-term upward trend from May 25 and the formation of the downward trend from June 3. We expect the decline to resume after the level of 109.38 is broken. The target is set at 109.15 and the price may consolidate near it. If the indicated target is broken, it will lead to the cancellation of the upward trend from May 25. In this case, we can expect the strong decline to develop to the level of 108.78. The final potential downward target is 108.64. After reaching it, an upward pullback can be expected.

On the other hand, short-term growth is possible in the 109.68 - 109.81 range. If the latter breaks down, a deep correction will occur. The target is set at 109.98, which is the key support level for the downward potential from June 3.

The main trend is the long-term upward trend from May 25, the formation of the downward trend from June 3.

Trading recommendations:

Buy: 109.68 Take profit: 109.80

Buy: 109.82 Take profit: 109.96

Sell: 109.38 Take profit: 109.17

Sell: 109.13 Take profit: 108.80

Exchange Rates 10.06.2021 analysis

The key levels for the USD/CAD pair are 1.2241, 1.2205, 1.2147, 1.2124, 1.2092, 1.2074, and 1.2048. The formation of the upward trend from June 1 is being monitored. At present we expect a short-term growth in the 1.2124 - 1.2147 range. If the level of 1.2147 is broken, a strong upward movement will continue to the target of 1.2205. The final potential upward target is 1.2241. After reaching it, a downward pullback can be expected.

The price is expected to consolidate in the range of 1.2092 - 1.2074. If the last value is broken, a deep correction will occur. The target is set at 1.2048, which is also the key support level.

The main trend is the formation of the upward trend from June 1.

Trading recommendations:

Buy: 1.2125 Take profit: 1.2146

Buy: 1.2148 Take profit: 1.2205

Sell: 1.2073 Take profit: 1.2050

Sell: 1.2046 Take profit: 1.2005

Exchange Rates 10.06.2021 analysis

The key levels for the AUD/USD pair are 0.7841, 0.7824, 0.7709, and 0.7686. The price is forming a strong upward trend from June 3. We expect this trend to extend after the level of 0.7752 is broken. The target is set at 0.7772 and the price may consolidate near it. If the price breaks through the range of 0.7772 - 0.7786, it will lead to the development of a strong upward movement. The next target is set at 0.7824. The ultimate potential upward target is 0.7841. After reaching it, a downward pullback may occur.

Meanwhile, the short-term decline is expected in the range of 0.7724 - 0.7709. If the last value is broken, a deep correction will follow. The target is set at 0.7686, which is also the key support level for the downward trend.

The main trend is the upward trend from June 3.

Trading recommendations:

Buy: 0.7752 Take profit: 0.7772

Buy: 0.7787 Take profit: 0.7824

Sell: 0.7724 Take profit: 0.7710

Sell: 0.7707 Take profit: 0.7690

Exchange Rates 10.06.2021 analysis

The key levels for the EUR/JPY pair are 133.72, 133.48, 133.33, 132.87, 132.73, 132.34, and 132.19. The price has been moving in a bearish trend since June 1. We expect the downward movement to continue after the price breaks through the 132.87 - 132.73 range. The target is set at 132.34. The final potential downward target is 132.19. After reaching it, the price may consolidate and pull back upwards.

Alternatively, short-term growth can be expected in the range of 133.33 - 133.48. If the latter is broken, a deep correction will occur. The target is set at 133.72, which is also the key support level.

The main trend is the downward trend from June 1.

Trading recommendations:

Buy: 133.33 Take profit: 133.46

Buy: 133.50 Take profit: 133.72

Sell: 132.73 Take profit: 132.36

Sell: 132.33 Take profit: 132.20

Exchange Rates 10.06.2021 analysis

The key levels for the GBP/JPY pair are 155.30. 154.82, 154.53, 154.04, 153.68, 153.14 and 152.85. The price has been moving in a downward trend since May 28. Now, we expect a short-term decline in the 154.04 - 153.68 range. If the latter is broken, the strong decline should resume to the next target of 153.14. The ultimate downward target is 152.85. After reaching it, the price may consolidate and pull back upwards.

Alternatively, short-term growth is expected in the 154.53 - 154.82 range. If the level of 154.82 is broken, a deep correction will follow. The target is set at 155.30, which is the key support level.

The main trend is the downward trend from May 28.

Trading recommendations:

Buy: 154.54 Take profit: 154.81

Buy: 154.84 Take profit: 155.30

Sell: 154.04 Take profit: 153.70

Sell: 153.66 Take profit: 153.20

*Phân tích thị trường được đăng tải ở đây có nghĩa là để gia tăng nhận thức của bạn, nhưng không đưa ra các chỉ dẫn để thực hiện một giao dịch.

Daichi Takahashi,
Chuyên gia phân tích của InstaForex
© 2007-2021
Benefit from analysts’ recommendations right now
Top up trading account
Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.

Không thể nói chuyện ngay bây giờ?
Đặt câu hỏi của bạn trong phần trò chuyện.