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 is consolidating around 1.1097. Today, the pair may fall towards 1.1057 and then start a new correction to reach 1.1082. After that, the instrument may continue trading inside the downtrend with the first target at 1.1033.
GBP/USD, “Great Britain Pound vs US Dollar”
GBP/USD is consolidating around 1.2840. Possibly, today the pair may reach 1.2770. After that, the instrument may form one more ascending structure to return to 1.2840 and then resume trading downwards with the first target at 1.2700.
USD/CHF, “US Dollar vs Swiss Franc”
USD/CHF is consolidating around 0.9950. Today, the pair may reach 0.9933 and then start a new growth towards 0.9800. Later, the market may form a new descending correction with the target at 0.9910.
USD/JPY, “US Dollar vs Japanese Yen”
USD/JPY has reached 109.50. Possibly, the pair may start another correction towards 108.50. Later, the market may resume trading inside the uptrend with the target at 109.35.
AUD/USD, “Australian Dollar vs US Dollar”
AUD/USD has broken the consolidation range upwards. Possibly, the pair may choose an alternative scenario to extend the correction towards 0.6856. According to the main scenario, the price is expected to continue trading downwards with the first target at 0.6790.
USD/RUB, “US Dollar vs Russian Ruble”
USD/RUB has completed the descending structure at 63.55. Today, the pair may start another correction towards 63.87 and then resume trading inside the downtrend with the target at 63.23.
USD/CAD, “US Dollar vs Canadian Dollar”
USD/CAD is moving downwards; it has reached another target at 1.3049. Possibly, today the pair may start a new correction towards 1.3080 and then form a new descending structure with the target at 1.3036.
XAU/USD, “Gold vs US Dollar”
Gold is forming another descending wave. Today, the pair may correct towards 1498.90 and then continue trading inside the downtrend with the first target at 1479.30.
BRENT
Brent is correcting towards 61.00. After that, the instrument may resume growing to break 62.40 and then continue trading upwards with the predicted target at 64.00.
BTC/USD, “Bitcoin vs US Dollar”
After completing the correction towards 9170.00, BTC/USD is growing to break 9970.00. Later, the market may continue moving upwards with the target at 10722.00 and then start a new correction to return to 9970.00. After that, the instrument may form one more ascending structure with the target at 11100.00.
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