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 forming the second descending impulse; it has almost finished the reversal pattern. Possibly, the price may form the first descending wave towards 1.2066. The local target of this wave is at 1.2100.
GBPUSD, “Great Britain Pound vs US Dollar”
The GBP/USD pair is falling with the target at 1.3707. After that, the instrument may be corrected towards 1.3821 and then continue its decline to reach 1.3620.
USDCHF, “US Dollar vs Swiss Franc”
The USD/CHF pair is forming the second ascending impulse with the first target at 0.9744. Later, in our opinion, the market may be corrected to reach 0.9600.
USDJPY, “US Dollar vs Japanese Yen”
The USD/JPY pair is trading in the center of another ascending wave towards 111.70. After that, the instrument may fall to reach 110.95 and then start another growth with the target at 112.55.
AUDUSD, “Australian Dollar vs US Dollar”
The AUD/USD pair is falling towards 0.7915. Later, in our opinion, the market may grow to reach 0.7967 and then form one more descending structure with the target at 0.7885.
USDRUB, “US Dollar vs Russian Ruble”
The USD/RUB pair has completed the ascending correctional structure. We think, today the price may fall with the target at 55.88 and then start another correction to reach 57.61.
XAUUSD, “Gold vs US Dollar”
Gold is forming the second descending impulse. Possibly, today the price may reach 1309.00 and then grow towards 1325.00. Later, in our opinion, the market may start another decline with the target at 1305.00.
BRENT
Brent is trading to rebound from 68.60 to the upside. Possibly, the price may continue consolidating around 69.35. According to the main scenario, the pair is expected to continue moving upwards to break 70.20 and then reach 71.20.
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