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”
The currency pair has renewed the low of 1.0781 and returned to 1.0814. Practically, the market is forming a consolidation area around 1.0797. After a breakout of 1.0815 upwards, the pair may grow to 1.0828. If 1.0780 is broken out downwards, the pair may decline to 1.0755.
GBP/USD, “Great Britain Pound vs US Dollar”
The currency pair keeps developing a declining wave to 1.2868. Upon reaching this level, it may correct to1.2947. Then the trend may continue to 1.2828.
USD/CHF, “US Dollar vs Swiss Franc”
The pair has performed a correction to 0.9822. Today, the market is trading under pressure for growth. The level of 0.9855 may be reached. With a breakout of this level upwards, the wave may continue to 0.9888.
USD/JPY, “US Dollar vs Japanese Yen”
The pair has formed a consolidation area around 110.10 and broken it out upwards. The market has made a measured movement to 111.50. Today, the market is trading in the consolidation area around 111.35. A decline to 111.11 is expected. With a breakout of this level downwards, there will appear a potential for a correction to 110.70. The goal is local.
AUD/USD, “Australian Dollar vs US Dollar”
The currency pair has formed a consolidation area around 0.6688 and broken it out downwards. Today, the market has performed a measured movement to 0.6633. Then, a correction to 0.6660 may happen, followed by a decline to 0.6622.
USD/RUB, “US Dollar vs Russian Ruble”
The currency pair keeps trading in the consolidation area around 63.63. The main scenario is a decline to 63.23. With a breakout of this level downwards, the pair may further decline to 61.85.
USD/CAD, “US Dollar vs Canadian Dollar”
The currency pair has reached the local goal of a declining wave – 1.3211. Today, it may correct to 1.3244 and then – decline to 1.3161.
XAU/USD, “Gold vs US Dollar”
Gold is trading in the consolidation area around 1606.60. With an escape upwards, the trend may continue to 1633.60. With an escape downwards, a correction to 1595.50 is possible.
BRENT
Oil is trading in the consolidation area around 58.98. With an escape upwards, it may reach 60.60, after which it may correct to 58.50.
BTC/USD, “Bitcoin vs US Dollar”
The market has performed a decline to 9588. This is just a half of the wave. Today, we are expecting a consolidation area to form around this level. After a breakout of the lower border, the trend may continue to 8900. The goal is local.
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.