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 consolidating around 1.1222. Possibly, the pair may form one more ascending structure towards 1.1255 to finish the correction. Later, the market may continue trading inside the downtrend. The first downside target is at 1.1166, the key one – 1.1111.
GBPUSD, “Great Britain Pound vs US Dollar”
GBPUSD has completed another descending structure; right now, it is being corrected. Possibly, today the pair may test 1.3044 form one more ascending structure towards 1.3099. After that, the instrument may start a new decline with the first target at 1.2950.
USDCHF, “US Dollar vs Swiss Franc”
USDCHF is trading downwards. Possibly, the pair may reach 0.9965 and then resume growing with the short-term target at 1.0025.
USDJPY, “US Dollar vs Japanese Yen”
USDJPY is forming the first descending impulse with the target at 111.24. Later, the market may be corrected towards 111.53 and then form the second impulse with the predicted target at 111.00.
AUDUSD, “Australian Dollar vs US Dollar”
AUDUSD has broken the downside border of the range; the target is at 0.7066. After that, the instrument may resume growing towards 0.7101 and then start a new decline with the short-term target at 0.7011.
USDRUB, “US Dollar vs Russian Ruble”
USDRUB is forming another descending structure. Today, the pair may break 65.06 and then continue falling with the short-term predicted target at 64.60.
XAUUSD, “Gold vs US Dollar”
Gold is trading upwards. Possibly, the pair may be corrected towards 1310.10. If the price breaks 1295.05, the instrument may continue growing to reach 1304.00. Later, the market may return to 1295.05 to test it from above and then finish the correction at 1310.10. After that, the instrument may resume trading inside the downtrend with the target at 1274.10.
BRENT
Brent has reached 70.90. Today, the pair may be corrected to test 68.60 from above and then form one more ascending structure to reach 73.05. After that, the instrument may start another correction with the target at 63.65.
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