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 has broken 1.1928 to the downside and reached the local target at 1.1867. Possibly, today the price may be corrected to return to 1.1928 and the form another descending wave with the target at 1.1765.
GBPUSD, "Great Britain Pound vs US Dollar"
The GBP/USD pair has broken the ascending channel and right now is moving downwards. We think, today the price may consolidate and then continue falling inside the downtrend to reach the first target at 1.3040.
USDCHF, "US Dollar vs Swiss Franc"
The USD/CHF pair has extended the ascending wave and finished it. Possibly, today the price may form another consolidation range near the highs. After that, the instrument may be corrected to the downside to reach 0.9525.
USDJPY, "US Dollar vs Japanese Yen"
The USD/JPY pair has reached the target of the correction. We think, today the price may start falling towards 109.01 and then grow to reach 109.90. Later, in our opinion, the market may resume moving downwards with the target at 108.65.
AUDUSD, "Australian Dollar vs US Dollar"
The AUD/USD pair has reached the predicted downside target. Possibly, the price may form another descending structure towards 0.7966. After that, the instrument may grow to reach 0.8280 and then fall with the target at 0.7928.
USDRUB, "US Dollar vs Russian Ruble"
The USD/RUB pair is still consolidating. Possibly, the price may grow towards 58.42. Later, in our opinion, the market may continue falling inside the downtrend with the target at 56.40.
XAUUSD, "Gold vs US Dollar"
Gold is still falling. We think, today the price may reach 1305. After that, the instrument may grow towards 1331 and then start forming the third descending wave with the target at 1285.
BRENT
Brent is trading above 54.60. Possibly, the price may move upwards and reach the local target at 55.15. Later, in our opinion, the market may be corrected to the downside towards 51.00 and then continue growing to reach 57.00.
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.