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 two impulses and reached its predicted downside target; right now, it is forming the fifth structure. Today, the pair may form a new descending structure to reach 1.1274 and then start another growth with the target at 1.1303.
GBPUSD, “Great Britain Pound vs US Dollar”
GBPUSD has broken 1.3071; right now, it is still trading downwards with the target at 1.30025. Possibly, today the pair may reach this level and then start a new correction to return to 1.3071. Later, the market may resume trading inside the downtrend towards 1.2950.
USDCHF, “US Dollar vs Swiss Franc”
USDCHF continues moving upwards. Today, the pair may fall to reach 1.0052 and then form one more ascending structure towards 1.0085. In general, the price is forming the ascending wave with the target at 1.0142.
USDJPY, “US Dollar vs Japanese Yen”
USDJPY is still consolidating around 111.98 and forming the Divergent Triangle pattern. According to the main scenario, the pair is expected to break the range to the downside and reach the first target 110.86.
AUDUSD, “Australian Dollar vs US Dollar”
AUDUSD has finished another ascending structure. Possibly, today the pair may be corrected towards 0.7153 and then grow to reach 0.7178. If later the price breaks the range to the downside, the instrument may resume trading inside the downtrend with the target at 0.7077.
USDRUB, “US Dollar vs Russian Ruble”
USDRUB is still consolidating around 64.34. Possibly, the pair may fall with the short-term target at 63.63.
XAUUSD, “Gold vs US Dollar”
Gold has broken 1282.00 and may continue falling to reach 1267.70. After that, the instrument may form one more ascending structure towards 1289.00 and then start a new decline with the short-term target at 1260.00.
BRENT
Brent is trading upwards. Possibly, the pair may reach 72.35 and then form a new descending structure towards 71.40. Later, the market may start a new growth with the target at 72.81 or even extend this wave up to 73.80.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.