Forex Technical Analysis and Forecast: EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, USD/CAD, Gold, Brent, BTC/USD
|EUR/USD, “Euro vs US Dollar”
After breaking 1.1038, EUR/USD has formed another descending wave. Possibly, today the pair may form a new correction upwards and test 1.0138 from below. After that, the instrument may continue trading inside the downtrend with the target at 1.0990.
GBP/USD, “Great Britain Pound vs US Dollar”
GBP/USD is forming the first descending impulse with the target at 1.2444. Later, the market may start another correction towards 1.2515 and then form a new descending structure to break 1.2444. The predicted target is at 1.2360.
USD/CHF, “US Dollar vs Swiss Franc”
USD/CHF is forming the first ascending impulse with the target at 0.9950. After that, the instrument may correct towards 0.9920 and then start another growth to reach 0.9988.
USD/JPY, “US Dollar vs Japanese Yen”
After breaking 107.83, USD/JPY has formed another descending wave at 107.52. Today, the pair may form one more ascending structure towards 107.80 and then resume trading downwards to reach 107.45.
AUD/USD, “Australian Dollar vs US Dollar”
AUD/USD has broken 0.6783 downwards. Possibly, today the pair may test this level from below and then start a new decline towards 0.6748. Later, the market may correct with the target at 0.6840.
USD/RUB, “US Dollar vs Russian Ruble”
USD/RUB has completed another descending structure at 63.72. Today, the pair may start a new correction towards 64.14 and then resume falling with the target at 63.28.
USD/CAD, “US Dollar vs Canadian Dollar”
USD/CAD is consolidating around 1.3268. Possibly, today the pair may fall to break 1.3252 and then continue the correction towards 1.3236. However, the price may choose an alternative scenario to break 1.3280 and then grow to reach 1.3305. The main scenario implies that the instrument may continue the correction with the target at 1.3213.
XAU/USD, “Gold vs US Dollar”
Gold has broken 1516.80; right now, it is still moving upwards. Today, the pair may fall to break 1510.00 and then continue trading downwards with the target at 1472.00.
BRENT
Brent is consolidating above 64.32. According to the main scenario, the price is expected to move upwards to break 67.67. Later, the market may continue growing with the target at 71.30.
BTC/USD, “Bitcoin vs US Dollar”
BTC/USD has finished another descending impulse at 9850.00; right now, it is consolidating above this level. Possibly, the pair may form a new correction towards 10122.00 and then resume trading downwards with the first target at 9500.00.
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