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 still forming the descending impulse; right now, it is consolidating at 1.1739. The local downside target is at 1.1672. Later, in our opinion, the market may return to 1.1739 and then resume falling to reach 1.1630.
GBPUSD, “Great Britain Pound vs US Dollar”
The GBP/USD pair is still forming the third ascending structure with the target at 1.3281. After that, the instrument may resume falling towards 1.3115.
USDCHF, “US Dollar vs Swiss Franc”
The USD/CHF pair continues growing to reach 0.9974. Later, in our opinion, the market may fall to return to 0.9910 and then start another ascending structure with the target at 1.0100.
USDJPY, “US Dollar vs Japanese Yen”
The USD/JPY pair has returned to 112.52 and right now is trading to the downside. Possibly, today the price may reach 111.82 and then resume growing with the target at 113.57.
AUDUSD, “Australian Dollar vs US Dollar”
The AUD/USD pair is falling to reach 0.7523. Later, in our opinion, the market may grow towards 0.7570 and then continue falling with the target at 0.7490.
USDRUB, “US Dollar vs Russian Ruble”
The USD/RUB pair has returned to 59.50. Possibly, today the price may continue falling inside the downtrend with the target at 58.58 to finish the correction. After that, the instrument may start the fifth ascending structure towards 60.60.
XAUUSD, “Gold vs US Dollar”
Gold has reached 1276.00 and may yet continue falling towards 1272.30. Later, in our opinion, the market may grow to reach 1284.00 and then start another descending structure with the target at 1250.
BRENT
Brent is moving upwards. Possibly, the price may reach 64.85. After that, the instrument may fall towards 63.20 and then resume moving to the upside with the target at 66.00.
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