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”
EUR/USD continues falling. Possibly, today the pair may reach 1.0800 and then return to 1.0827 to test it from below. After that, the instrument may continue trading inside the downtrend with the target at 1.0792.
GBP/USD, “Great Britain Pound vs US Dollar”
GBP/USD has completed the descending wave at 1.2994. Today, the pair may correct towards 1.3030 and then start a new decline with the target at 1.2930.
USD/CHF, “US Dollar vs Swiss Franc”
USD/CHF is moving downwards to reach 0.9800. The main scenario implies that later the pair may grow towards 0/9813, thus forming a new consolidation range between two above-mentioned levels. After that, the instrument may break the range to the downside and form a new descending structure with the target at 0.9782.
USD/JPY, “US Dollar vs Japanese Yen”
USD/JPY is moving downwards. Possibly, the pair may consolidate around 109.69. If later the price breaks this range to the downside, the instrument may start another decline with the short-term target at 109.45.
AUD/USD, “Australian Dollar vs US Dollar”
AUD/USD is forming another descending wave with the target at 0.6677. Alter that, the instrument may correct towards 0.6700 and then resume moving downwards to reach 0.6665.
USD/RUB, “US Dollar vs Russian Ruble”
USD/RUB is consolidating above 63.33. Possibly, the pair may grow towards the upside border at 63.77 and then fall to reach 62.92. After that, the instrument may break the range to the downside and continue trading inside the downtrend with the short-term target at 61.85.
USD/CAD, “US Dollar vs Canadian Dollar”
USD/CAD is consolidating around 1.3251. Today, the pair may grow towards 1.3275 and then fall to reach 1.3232. Later, the market may break the range to the downside and form a new descending structure with the short-term target at 1.3180.
XAU/USD, “Gold vs US Dollar”
Gold continues moving downwards. Possibly, the pair may reach 1587.93 and then form a new descending structure with the target at 1574.97.
BRENT
Brent is still consolidating at the top. If later the price breaks this range to the upside at 57.70, the instrument may resume trading inside the uptrend towards 59.30; if to the downside at 56.70 – start another correction with the target at 55.05.
BTC/USD, “Bitcoin vs US Dollar”
BTC/USD has finished the first correctional wave at 9500.00. Possibly, today the pair may form one more ascending structure towards 9950.00 and then continue the correction with the target at 9000.00.
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