Forex Technical Analysis & Forecast: 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 with the target at 1.0658 to complete the correction. After that, the instrument may continue falling inside the downtrend to reach 1.0490.
GBPUSD, "Great Britain Pound vs US Dollar"
The GBP/USD pair is growing towards 1.2564; in fact, it is still forming another consolidation range. If later the instrument breaks this range to the downside; the market may reach 1.2200; if to the upside – start growing with the target at 1.2820.
USDCHF, "US Dollar vs Swiss Franc"
The USD/CHF pair is falling inside the fifth wave to reach 1.0000. Later, in our opinion, the market may continue growing inside the uptrend to reach 1.0186.
USDJPY, "US Dollar vs Japanese Yen"
The USD/JPY pair is being corrected towards 112.85. After that, the instrument may fall to reach 111.10 and then start another growth with the target at 115.30.
AUDUSD, "Australian Dollar vs US Dollar"
The AUD/USD pair is consolidating below 0.7700. Possibly, the price may fall towards 0.7642 and then return to 0.7700 to test it from below. Later, in our opinion, the market may continue falling to reach 0.7500.
USDRUB, "US Dollar vs Russian Ruble"
Being under pressure, the USD/RUB pair is moving upwards. Possibly, today the price may reach 58.73. After that, the instrument may fall towards 57.50 and them continue moving upwards with the target at 61.00.
XAUUSD, "Gold vs US Dollar"
Gold has formed the first descending impulse to start a new correction towards 1242. Later, in our opinion, the market may grow with the target at 1270 and then continue falling inside the downtrend to reach 1100.
BRENT
Brent is consolidating around 56.60. Possibly, today the price may grow to reach 57.00 and then fall towards 56.00. According to the main scenario, the instrument is expected to fall with the target at 55.30. An alternative one implies that the market may continue growing inside the uptrend towards the local target at 59.90.
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