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 forming another descending structure towards 1.1285. Possibly, the pair may break this level and then continue trading inside the downtrend with the short-term target at 1.1255.
GBPUSD, “Great Britain Pound vs US Dollar”
GBPUSD is also forming another descending structure towards 1.3071. Possibly, today the pair may break this level and then continue falling with the short-term target at 1.3025.
USDCHF, “US Dollar vs Swiss Franc”
USDCHF is forming another ascending structure towards 1.0069. After breaking this level, the instrument may continue growing with the short-term target at 1.0147.
USDJPY, “US Dollar vs Japanese Yen”
USDJPY is consolidating below 111.54. If later the price breaks range to the downside, the instrument may start the first wave with the target at 111.11.
AUDUSD, “Australian Dollar vs US Dollar”
AUDUSD is trading downwards to reach 0.7133. Later, the market may form one more ascending structure towards reach 0.7197 and then start another decline with the first target at 0.7077.
USDRUB, “US Dollar vs Russian Ruble”
USDRUB is consolidating around 64.30 without any particular direction. Today, the pair may fall to reach 63.63 and then form one more ascending structure to return to 64.00. Later, the market may resume trading inside the downtrend to reach 63.00.
XAUUSD, “Gold vs US Dollar”
Gold is consolidating around 1288.08. Possibly, the pair may fall towards 1267.70 and then start a new growth to reach 1279.00. After that, the instrument may resume trading downwards with the short-term target at 1260.00.
BRENT
Brent is consolidating around 71.00 without any particular direction. Possibly, the pair may break 71.70 to the upside and resume trading inside the uptrend to reach 72.80. However, if this range is broken downwards, the market may be corrected towards 70.40 and then form one more ascending structure towards 73.15.
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