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 reached the predicted short-term target of the third descending wave. Today, the pair may be corrected to reach 1.1230 or even 1.1260 and then resume trading downwards with the short-term target at 1.1180.
GBPUSD, “Great Britain Pound vs US Dollar”
GBPUSD has reached the short-term of the third descending wave. Possibly, today the pair may start a new correction towards 1.2600 or even 1.2640. Later, the market may resume trading inside the downtrend with the short-term target at 1.2530.
USDCHF, “US Dollar vs Swiss Franc”
USDCHF has broken 0.9957; right now, it is still trading upwards inside the third ascending wave. Today, the pair may test this level from above. After that, the instrument may form one more ascending structure with the short-term target at 1.0056.
USDJPY, “US Dollar vs Japanese Yen”
USDJPY has broken 108.52 upwards; right now, it is still forming the third ascending wave with the target at 109.16. Later, the market may start another decline to reach 108.52.
AUDUSD, “Australian Dollar vs US Dollar”
AUDUSD is still trading downwards with the target at 0.6830. Possibly, today the pair may be corrected towards 0.6898 or even 0.6925. After that, the instrument may resume trading downwards with the short-term target at 0.6830.
USDRUB, “US Dollar vs Russian Ruble”
USDRUB has reached the predicted downside target. Today, the pair may start another correction towards 64.37 or even 64.69. Later, the market may form a new descending structure with the target at 64.00.
XAUUSD, “Gold vs US Dollar”
Gold has completed the first descending impulse; right now, it is being corrected towards 1348.75. After that, the instrument may form the second impulse to reach the predicted short-term target at 1323.25.
BRENT
Brent has broken 62.11 and may continue growing with the first target at 63.22. Later, the market may be corrected towards 61.60 and then form one more ascending structure with the short-term target at 66.40.
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.