Forex Technical Analysis & Forecast: EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, Gold, Brent
|EURUSD, “Euro vs US Dollar”
EURUSD has finished another ascending wave. Today, the price may consolidate at the top. If later the instrument breaks this range to the downside, the market may start the fifth descending wave with the target at 1.2190.
Risk Warning: the results of previous trading operations do not guarantee the same results in the future.
GBPUSD, “Great Britain Pound vs US Dollar”
GBPUSD is still being corrected. Possibly, today the price may continue trading to reach 1.3687 and then grow towards 1.3870. Later, the market may resume falling with the target at 1.3480.
Предупреждение о рисках: итоги предыдущих торговых операций не гарантируют получение идентичных результатов в будущем.
USDCHF, “US Dollar vs Swiss Franc”
USDCHF is moving downwards. Possibly, the price may finish this descending wave and then start another growth to reach 0.9462. After that, the instrument may break this level and continue forming the third wave with the short-term target at 0.9600.
Risk Warning: the results of previous trading operations do not guarantee the same results in the future.
USDJPY, “US Dollar vs Japanese Yen”
USDJPY is moving downwards; it has expanded the current wave and reached the target. Possibly, today the price may consolidate near the lows. Later, the market may break this range to the upside and move upwards to reach the first target at 108.65.
Risk Warning: the results of previous trading operations do not guarantee the same results in the future.
AUDUSD, “Australian Dollar vs US Dollar”
AUDUSD is being corrected. Possibly, the price may reach 0.7904 and then fall towards 0.7840. After that, the instrument may form another ascending structure with the target at 0.7920 and then continue trading downwards to reach 0.7660.
Risk Warning: the results of previous trading operations do not guarantee the same results in the future.
USDRUB, “US Dollar vs Russian Ruble”
USDRUB is forming the first descending impulse. Today, the price may all towards 57.20 and then grow to reach 57.82. Later, the market may trade to the downside with the first target at 56.56.
Risk Warning: the results of previous trading operations do not guarantee the same results in the future.
XAUUSD, “Gold vs US Dollar”
Gold has reached the target of the third correctional structure. Possibly, today the price may fall towards 1339.00 and finish the correction. After that, the instrument may continue trading downwards to reach 1307.00.
Risk Warning: the results of previous trading operations do not guarantee the same results in the future.
BRENT
Brent is still consolidating near the lows. Today, the price may move upwards to reach 64.64 and then fall towards 63.60. Later, the market may resume growing with the first target at 67.41.
Risk Warning: the results 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.