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 completed the first descending impulse along with the correction. Possibly, today the price may form the second impulse to break 1.1300 and then continue trading inside the downtrend with the short-term target at 1.1270.
GBPUSD, “Great Britain Pound vs US Dollar”
GBPUSD is being corrected towards 1.3150; right now, it is forming the fifth structure. Possibly, the pair may break 1.3220 and reach the first target at 1.3150. After that, the instrument may start a new growth towards 1.3268.
USDCHF, “US Dollar vs Swiss Franc”
USDCHF is still consolidating near the lows; it has reached 1.0020 again. Today, the pair may grow to break 1.0044. Later, the market may continue moving upwards with the target at 1.0077.
USDJPY, “US Dollar vs Japanese Yen”
USDJPY is moving downwards. Possibly, the pair may break 111.49 and then continue trading inside the downtrend with the first target at 111.09.
AUDUSD, “Australian Dollar vs US Dollar”
AUDUSD is consolidating below 0.7095. Today, the pair may break the range downwards. The short-term target is at 0.6967.
USDRUB, “US Dollar vs Russian Ruble”
USDRUB is being corrected to return to 65.65. Later, the market may trade downwards to break 65.14 and then continue falling with the target at 64.90.
XAUUSD, “Gold vs US Dollar”
Gold has finished the first descending impulse; right now, it is being corrected with the target at 1301.70. After that, the instrument may resume trading downwards to reach the short-term target at 1282.46.
BRENT
Brent is consolidating around 67.18. Possibly, the pair may fall to test 66.66 from above and then resume its growth with the key target at 68.40.
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