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 finished the fourth structure. We think, today the price may fall towards 1.2121 and then grow to reach 1.2222. Later, in our opinion, the market may start another decline with the target at 1.2060.
GBPUSD, "Great Britain Pound vs US Dollar"
The GBP/USD pair is still moving upwards. Possibly, the price may reach 1.39040 and then fall towards 1.3700. According to the main scenario, the pair is expected to start another descending wave with the target at 1.3300.
USDCHF, "US Dollar vs Swiss Franc"
The USD/CHF pair is consolidating at the bottom of the range. According to the main scenario, the pair is expected to form another ascending structure with the target at 0.9664. Later, in our opinion, the market may break this level and continue growing towards 0.9774.
USDJPY, "US Dollar vs Japanese Yen"
The USD/JPY pair is forming the fourth structure. Possibly, today the price may fall to reach 110.57 and then start another growth with the target at 111.70. After that, the instrument may be corrected towards 111.00.
AUDUSD, "Australian Dollar vs US Dollar"
The AUD/USD pair is consolidating. Possibly, the price may reach 0.8025 and then fall towards the downside border. Later, in our opinion, the market may break 0.7925 and then continue moving downwards with the first target at 0.7885.
USDRUB, "US Dollar vs Russian Ruble"
The USD/RUB pair is trading to rebound from 56.94 downwards. We think, today the price may continue falling with the target at 55.88 and then start another correction to reach 57.62.
XAUUSD, "Gold vs US Dollar"
Gold is trading below 1332.00. Possibly, the price may continue falling to reach 1309.00. After that, the instrument may grow towards 1332.00 and then start another decline with the first target at 1305.00.
BRENT
Brent has reached the downside border of the Triangle pattern. Possibly, today the price may move upwards to reach 70.20, break it, and then continue growing with the target at 72.00.
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