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 formed another ascending impulse; right now, it is consolidating at the top. Possibly, today the pair may expand the range towards 1.1345 and then fall to reach 1.1300. Later, the market may start a new growth with the target at 1.1325.
GBPUSD, “Great Britain Pound vs US Dollar”
GBPUSD has completed the ascending impulse. Today, the pair may be corrected towards 1.2868. After that, the instrument may form one more ascending structure with the target at 1.2937.
USDCHF, “US Dollar vs Swiss Franc”
USDCHF is trading downwards with the target at 1.0038. Later, the market may resume growing to reach 1.0100.
USDJPY, “US Dollar vs Japanese Yen”
USDJPY is moving upwards. Possibly, today the pair may grow to reach 110.67. After that, the instrument may form a new descending structure with the first target at 110.10.
AUDUSD, “Australian Dollar vs US Dollar”
AUDUSD is moving upwards as well. Possibly, the pair may reach 0.7136 and then form a new descending structure towards 0.7042.
USDRUB, “US Dollar vs Russian Ruble”
USDRUB is still consolidating around 65.75 without any particular direction. If later the instrument breaks this range to the upside, the price may continue trading upwards to reach 66.37 and then start a new decline with the short-term target at 62.90; if to the downside – resume trading inside the downtrend towards 64.70.
XAUUSD, “Gold vs US Dollar”
Gold is still consolidating above 1307.85 and forming the Triangle pattern. If later the instrument breaks this range to the upside, the price may resume trading upwards to reach 1325.45; if to the downside – continue the correction towards 1290.35.
BRENT
Brent is trading upwards. Possibly, the pair may reach 63.73. Later, the market may be corrected towards 62.35 and then start a new growth with the key target at 63.95.
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