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 consolidating at the top of the ascending structure. We think, today the price may continue forming the descending wave towards 1.1530. An alternative scenario implies that the instrument may try to break the range upwards to reach 1.1703. Later, in our opinion, the market may continue falling inside the downtrend to reach 1.1530.
GBPUSD, “Great Britain Pound vs US Dollar”
The GBP/USD pair is consolidating around 1.3106. Possibly, today the price may continue falling inside the downtrend with the target at 1.2993.
USDCHF, “US Dollar vs Swiss Franc”
The USD/CHF pair is consolidating in the center of the range; right now, it is moving upwards with the target at 0.9992. After that, the instrument may fall towards 0.9955 and then start another growth to reach 1.0070.
USDJPY, “US Dollar vs Japanese Yen”
The USD/JPY pair is moving upwards to reach 114.00. Later, in our opinion, the market may fall towards 113.50 or even 113.00. Later, in our opinion, the market may resume growing inside the uptrend to reach 115.00.
AUDUSD, “Australian Dollar vs US Dollar”
The AUD/USD pair has reached the predicted target of the descending wave. Possibly, today the price may grow to reach 0.7661. After that, the instrument may start another decline towards 0.7593 and then resume moving upwards to reach 0.7750.
USDRUB, “US Dollar vs Russian Ruble”
The USD/RUB pair is consolidating at the top of the ascending wave. If later the instrument breaks this range to the upside, the market may grow towards 60.21; if to the downside – continue the correction to reach 58.30.
XAUUSD, “Gold vs US Dollar”
Gold is trading to rebound from 1279 downwards. We think, today the price may reach 1268 and then start another decline with the target at 1250.
BRENT
Brent is moving downwards. Possibly, the price may reach 62.10 and then grow with the target at 64.00. If later the instrument breaks this range to the upside, the market may start another wave to reach 66.75; if to the downside – continue the correction towards 61.00.
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