Forex Technical Analysis & Forecast: EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, Gold, Brent
|EURUSD, “Euro vs US Dollar”
EURUSD is consolidating near the lows. Possibly, today the price may reach 1.1875, fall towards 1.1755, and then grow to return to 1.1875. If later the instrument breaks this range to the upside, the market may start another correction to reach 1.2100; if to the downside – resume falling inside the downtrend with the target at 1.1600.
GBPUSD, “Great Britain Pound vs US Dollar”
GBPUSD is still consolidating around 1.3535. Today, the price may reach 1.3580 and then fall towards 1.3435. If later the instrument breaks this range to the upside, the market may start another correction to reach 1.3755; if to the downside – resume falling with the target at 1.3333.
USDCHF, “US Dollar vs Swiss Franc”
USDCHF is still consolidating. Possibly, today the price may fall to reach 0.9940 and then grow towards 1.0000. If later the instrument breaks this range to the downside, the market may start another correction to reach 0.9820; if to the upside – resume growing with the target at 1.0110.
USDJPY, “US Dollar vs Japanese Yen”
USDJPY has broken 110.00 upwards and right now is consolidating above it. If later the instrument breaks this range to the upside, the market may reach 111.11; if to the downside – start another correction with the target at 108.30.
AUDUSD, “Australian Dollar vs US Dollar”
AUDUSD continues consolidating below 0.7560. If later the instrument breaks this range to the upside, the market may start another growth to reach 0.7700; if to the downside – resume falling inside the downtrend with the target at 0.7310.
USDRUB, “US Dollar vs Russian Ruble”
USDRUB is moving downwards. Today, the price may fall towards 61.20, break it, and then continue forming the third descending wave with the target at 59.90.
XAUUSD, “Gold vs US Dollar”
Gold is consolidating near the lows. If later the instrument breaks this range to the upside, the market may start another correction to reach 1302.00; if to the downside – resume falling with the target at 1280.00.
BRENT
Brent is moving upwards and trying to break its consolidation range to the upside. Possibly, today the price may reach 80.20. Later, the market may start another correction with the target at 77.20.
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.