Forex Technical Analysis & Forecast: EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, Gold, Brent
|EURUSD, “Euro vs US Dollar”
EURUSD is moving upwards and forming the third correctional wave; it has formed a continuation pattern near 1.2283. The target of the wave is at 1.2333. After that, the instrument may continue trading downwards to reach 1.2283.
Risk Warning: the results of previous trading operations do not guarantee the same results in the future.
GBPUSD, “Great Britain Pound vs US Dollar”
GBPUSD is trading below 1.3872. Possibly, the price may continue trading downwards and reach the short-term target at 1.3658. Later, the market may resume growing towards 1.3872.
Risk Warning: the results of previous trading operations do not guarantee the same results in the future.
USDCHF, “US Dollar vs Swiss Franc”
USDCHF is being corrected towards 0.9338. After that, the instrument may grow to break 0.9440 and then continue trading upward to reach 0.9555.
Risk Warning: the results of previous trading operations do not guarantee the same results in the future.
USDJPY, “US Dollar vs Japanese Yen”
USDJPY is moving downwards. Possibly, the price may reach 107.55 and then move upwards with the first target of the correction at 109.33.
Risk Warning: the results of previous trading operations do not guarantee the same results in the future.
AUDUSD, “Australian Dollar vs US Dollar”
AUDUSD is forming another ascending structure. Today, the price may fall towards 0.7834 and then resume growing to reach the short-term target of the correction at 0.7893.
Risk Warning: the results of previous trading operations do not guarantee the same results in the future.
USDRUB, “US Dollar vs Russian Ruble”
USDRUB is consolidating at the top of the wave. Possibly, today the price may fall towards 57.23 and then grow to reach 57.80, thus forming another consolidation range. If later the instrument breaks this range to the downside, the market may continue falling to reach the first target at 56.56.
Risk Warning: the results of previous trading operations do not guarantee the same results in the future.
XAUUSD, “Gold vs US Dollar”
Gold is forming the third correctional structure. Possibly, the price may reach the short-term target at 1333.00. Later, the market may fall towards 1322.00.
Risk Warning: the results of previous trading operations do not guarantee the same results in the future.
BRENT
Brent has completed the ascending impulse along with the correction. Today, the price may move upwards to reach 64.68. After that, the instrument may break this level and continue growing the short-term target at 66.60.
Risk Warning: the results of previous trading operations do not guarantee the same results in the future.
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