Forex Technical Analysis & Forecast: EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, Gold, Brent
|EURUSD, “Euro vs US Dollar”
EURUSD has reached another downside target; right now, it is trading upwards. Possibly, the pair may be corrected to reach 1.1390. Later, the market may resume falling to break 1.1344 and then continue trading inside the downtrend with the target at 1.1305.
GBPUSD, “Great Britain Pound vs US Dollar”
GBPUSD has broken 1.2904 to the downside and may continue falling to reach 1.2809. Today, the pair may return to 1.2904 to test it from below and then form a new descending structure with the first target at 1.2809. After that, the instrument may start a new correctional growth towards 1.2900.
USDCHF, “US Dollar vs Swiss Franc”
USDCHF is still trading upwards; it keeps forming new consolidation ranges and breaking them to the upside. The next target is at 0.9973. After that, the instrument may be corrected towards 0.9922 and then continue trading inside the uptrend with the target at 1.0022.
USDJPY, “US Dollar vs Japanese Yen”
USDJPY is still moving downwards. Today, the pair may reach 110.35 and then start a new correction to return to 109.12. Later, the market may form one more ascending structure with the target at 110.60.
AUDUSD, “Australian Dollar vs US Dollar”
AUDUSD is consolidating around 0.7163. Possibly, today the pair may break this level downwards to reach the target at 0.7107. After that, the instrument may resume growing towards 0.7160 and then form one more ascending structure to reach 0.7090.
USDRUB, “US Dollar vs Russian Ruble”
USDRUB is still trading downwards. Today, the pair may reach 65.91 and then start a new correction towards 67.90. Later, the market may continue trading inside the downtrend to break 65.90. The short-term target is at 64.50.
XAUUSD, “Gold vs US Dollar”
Gold has broken 1285.50 and may continue falling towards 1275.25. And that’s just a half of the third descending wave. The short-term downside target is at 1255.00.
BRENT
Brent is trading upwards. Possibly, the pair may reach 63.80. Later, the market may be corrected towards 57.00 and then continue trading inside the uptrend with the target at 64.00.
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