Forex Technical Analysis & Forecast: EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, Gold, Brent, BTC/USD
|EUR/USD, "Euro vs US Dollar"
After reaching another target at 1.1077, EURUSD has formed the consolidation range above this level. If the price breaks this range to the upside at 1.1090, the instrument may start a new correction towards 1.1114; if to the downside at 1.1073 – resume trading inside the downtrend with the target at 1.1066.
Risk Warning: the result of previous trading operations do not guarantee the same results in the future
GBP/USD, "Great Britain Pound vs US Dollar"
After breaking 1.2250 downwards and falling towards 1.2155, GBPUSD return to 1.2250. Today, the pair may form a new descending structure to reach 1.2188 and then start another growth with the target at 1.2220.
Risk Warning: the result of previous trading operations do not guarantee the same results in the future
USD/CHF, "US Dollar vs Swiss Franc"
USDCHF is consolidating and forming Triangle pattern. If the price breaks this pattern to the downside at 0.9800, the instrument may start a new decline to reach 0.9782; if to the upside at 0.9820 – resume trading inside the uptrend with the target at 0.9880.
Risk Warning: the result of previous trading operations do not guarantee the same results in the future
USD/JPY, "US Dollar vs Japanese Yen"
USDJPY is consolidating around 105.89. Today, the pair may form a new descending structure to reach 105.52. Later, the market may resume trading upwards with the target at 106.40.
Risk Warning: the result of previous trading operations do not guarantee the same results in the future
AUD/USD, "Australian Dollar vs US Dollar"
AUDUSD has broken 0.6733 downwards. Possibly, the pair may continue the correction to reach 0.6702 and then start one more ascending structure with the target at 0.6767.
Risk Warning: the result of previous trading operations do not guarantee the same results in the future
USD/RUB, "US Dollar vs Russian Ruble"
USDRUB is falling towards 66.42. After that, the instrument may start a new growth to reach 66.66 and then resume trading downwards with the first target at 65.98.
Risk Warning: the result of previous trading operations do not guarantee the same results in the future
USD/CAD, "US Dollar vs Canadian Dollar"
USDCAD is moving upwards. Today, the pair may reach 1.3320 and then fall towards 1.3297, thus forming a new consolidation range. If the price breaks this range to the upside, the instrument may start a new growth towards 1.3366; if to the downside – resume trading inside the downtrend with the target at 1.3270.
Risk Warning: the result of previous trading operations do not guarantee the same results in the future
XAU/USD, "Gold vs US Dollar"
Gold is moving upwards. Possibly, the pair reach 1545.00 and then fall towards 1539.23. According to the main scenario, the price is expected to break the range downwards to reach the target at 1531.50. If later this level is broken as well, the instrument may continue moving downwards to reach 1524.00.
Risk Warning: the result of previous trading operations do not guarantee the same results in the future
BRENT
Brent has reached 60.85; right now, it is correcting towards 59.61. Later, the market may start a new growth to reach 60.05 and then resume falling towards 59.27 to finish the correction. After that, the instrument may form one more ascending structure with the target at 60.85.
Risk Warning: the result of previous trading operations do not guarantee the same results in the future
BTC/USD, "Bitcoin vs US Dollar"
BTCUSD has broken 9900.00; right now, it is still moving downwards. Today, the pair may reach 9500.00 and then grow towards 10000.00. After that, the instrument may resume trading downwards with the target at 9300.00.
Risk Warning: the result of previous trading operations do not guarantee the same results in the future
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.