Forex Technical Analysis and Forecast: EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, Gold, Brent, BTC/USD
|EUR/USD, “Euro vs US Dollar”
EUR/USD has broken the consolidation range to the upside; right now, it is trading to return to 1.1015. After that, the instrument may continue falling to reach 1.0980. The key downside target is at 1.0864.
GBP/USD, “Great Britain Pound vs US Dollar”
GBP/USD is consolidating below 1.2337. Possibly, the pair may fall with the first target at 1.2299.
USD/CHF, “US Dollar vs Swiss Franc”
USD/CHF has completed the ascending wave; right now, it is still at the top. Possibly, pair may break 0.9922 to the downside and then start a new correction with the target at 0.9868.
USD/JPY, “US Dollar vs Japanese Yen”
USD/JPY is moving upwards; it has finished one more ascending structure at 108.14. Today, the pair may consolidate near the highs. After breaking 107.95, the instrument may start another correction to reach 107.44. However, the price may choose an alternative scenario and continue growing with the target at 108.80 without any corrections.
AUD/USD, “Australian Dollar vs US Dollar”
AUD/USD has broken its consolidation range to the upside. Possibly, today the pair may form one more ascending structure to reach 0.6891 and then resume trading downwards with the target at 0.6849.
USD/RUB, “US Dollar vs Russian Ruble”
USD/RUB is still consolidating around 65.43. Possibly, today the pair may reach 65.17 and then resume trading upwards with the target at 65.65. If later the price breaks this range to the upside, the instrument may form one more ascending structure towards 66.16.
USD/CAD, “US Dollar vs Canadian Dollar”
USD/CAD is moving upwards to reach 1.3220. Later, the market may form a new descending structure towards 1.3177 and then continue trading upwards with the target at 1.3255.
XAU/USD, “Gold vs US Dollar”
Gold is moving upwards to reach 1503.30. Later, the market may start a new decline towards 1494.94 and then resume trading upwards to break 1505.00. After that, the instrument may continue growing with the target at 1526.30.
BRENT
Brent has completed the descending correction at 61.00. Possibly, today the pair may start another growth to break 63.00 and then continue trading inside the uptrend with the target at 66.20.
BTC/USD, “Bitcoin vs US Dollar”
BTC/USD is moving downwards. Today, the pair may fall to reach 9800.00 and then form one more ascending structure to return to 10180.00. After that, the instrument may continue trading inside the downtrend with the predicted target at 9500.00.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.