Forex Technical Analysis: EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, Gold, Brent
|EURUSD, “Euro vs US Dollar”
The EUR/USD pair is moving upwards. The local target is at 1.0750. After that, the instrument may fall towards 1.0600 to test it from above. In fact, the market is starting a new correction.
GBPUSD, “Great Britain Pound vs US Dollar”
The GBP/USD pair has moved upwards and completed the fourth wave of the correction. Later, in our opinion, the market may fall to reach the target at 1.2200.
USDCHF, “US Dollar vs Swiss Franc”
The USD/CHF pair has broken its consolidation range to the downwards and reached the local downside target. Possibly, today the price may fall to reach 0.9975 and then grow with the target at 1.0077. After that, the instrument may form the fifth wave towards 0.9830.
USDJPY, “US Dollar vs Japanese Yen”
The USD/JPY pair has is moving upwards. Possibly, today the price may form the fourth wave to return to 115.45. Later, in our opinion, the market may move downwards with the target at 112.00.
AUDUSD, “Australian Dollar vs US Dollar”
The AUD/USD pair has completed the ascending wave Possibly, today the price may fall to reach 0.7360. The first target is at 0.7450.
USDRUB, “US Dollar vs Russian Ruble”
Being under pressure, the USD/RUB pair is moving downwards; it has already broken its consolidation range to the downside. Possibly, today the price may reach 58.15. However, the market is moving without any correction, that’s why it may grow with the target at 59.88.
XAUUSD, “Gold vs US Dollar”
Gold has reached the target of the ascending structure. Possibly, the price may break the previous channel and start the fifth wave towards 1100. The first target is at 1170.
BRENT
Brent has broken the consolidation range to the upside and may continue growing inside the fifth wave to reach 59.90. However, an alternative scenario suggests that the market may form another descending wave with the target at 53.00.
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