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”
After finishing the descending wave at 1.0927 and almost forming Double Bottom pattern, EURUSD has completed the ascending impulse towards 1.1085; right now, it is consolidating around 1.1056. If later the price breaks this range to the upside, the instrument may resume trading upwards with the target at 1.1185; if to the downside – then start another decline to reach 1.1000.
GBP/USD, “Great Britain Pound vs US Dollar”
After completing the descending wave at 1.2288, GBPUSD has formed the ascending wave towards 1.2355. Possibly, today the pair may consolidate around 1.2343. If later the price breaks this range to the upside, the instrument may form one more ascending structure with the target at 1.2396; if to the downside – then start a new correction to reach 1.2300.
USD/CHF, “US Dollar vs Swiss Franc”
USD/CHF has finished the descending impulse at 0.9898; right now, it is consolidating around this level. According to the main scenario, the price may break the range downwards and fall with the target at 0.9849.
USD/JPY, “US Dollar vs Japanese Yen”
USD/JPY is consolidating around 107.87. Today, the pair may form a new descending structure to reach 107.45 and then resume trading inside the uptrend with the target at 107.87.
AUD/USD, “Australian Dollar vs US Dollar”
AUD/USD has completed the descending impulse towards 0.6860; right now, it is correcting to reach 0.6877. Possibly, today the pair may start another decline with the first target at 0.6828.
USD/RUB, “US Dollar vs Russian Ruble”
USD/RUB is moving downwards. Today, the pair may reach 64.44 and then resume trading upwards with the target at 64.84. Later, the market may continue moving downwards to reach 64.10.
USD/CAD, “US Dollar vs Canadian Dollar”
USD/CAD is moving upwards to reach 1.3220. Possibly, the pair may reach this level and start a new correction towards 1.3190, at least. After that, the instrument may form one more ascending structure with the target at 1.3300.
XAU/USD, “Gold vs US Dollar”
Gold is consolidating around 1505.50. If later the price breaks this range to the downside, the instrument may resume trading downwards with the target at 1487.20; if to the upside – then start another growth to reach 1526.60.
BRENT
Brent is moving upwards to reach 61.23. Later, the market may form a new descending structure towards 60.11 and then resume trading inside the uptrend with the first target at 63.60.
BTC/USD, “Bitcoin vs US Dollar”
BTC/USD is moving downwards with the target at 9800.00. After that, the instrument may form one more ascending structure towards 10180.00 and then resume trading inside the downtrend with the first target at 9500.00.
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