Forex Technical Analysis & Forecast: EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, Gold, Brent
|EURUSD, “Euro vs US Dollar”
EURUSD has reached 1.1300 and right now is being corrected upwards. Possibly, the pair may grow towards 1.1416 and then resume falling inside the downtrend with the target at 1.1238.
Risk Warning: the result of previous trading operations do not guarantee the same results in the future
GBPUSD, “Great Britain Pound vs US Dollar”
GBPUSD is still consolidating. Possibly, today the pair may grow to reach 1.2765 and then continue the downtrend towards 1.2600.
Risk Warning: the result of previous trading operations do not guarantee the same results in the future
USDCHF, “US Dollar vs Swiss Franc”
USDCHF is forming another descending structure with the target at 0.9907. Later, the market may grow towards 0.9988 and then start a new correction to reach 0.9945. After that, the instrument may resume growing towards 1.0060.
Risk Warning: the result of previous trading operations do not guarantee the same results in the future
USDJPY, “US Dollar vs Japanese Yen”
USDJPY is still being corrected. Today, the pair may form another ascending structure to reach 111.66. After that, the instrument may resume trading inside the downtrend towards 109.72. the short-term target is at 107.40.
Risk Warning: the result of previous trading operations do not guarantee the same results in the future
AUDUSD, “Australian Dollar vs US Dollar”
AUDUSD has returned to 0.7273 to test it from below. Today, the price may continue falling inside the downtrend to reach 0.7178.
Risk Warning: the result of previous trading operations do not guarantee the same results in the future
USDRUB, “US Dollar vs Russian Ruble”
USDRUB has completed the first descending wave; right now, it is being corrected with the target at 67.80. Later, the market may form the second impulse to break 65.95 and then continue falling inside the downtrend with the short-term target at 64.00.
Risk Warning: the result of previous trading operations do not guarantee the same results in the future
XAUUSD, “Gold vs US Dollar”
Gold has reached the short-term target at 1160.00 and may consolidate near the lows. Possibly, today the pair may grow towards 1180.00 and then fall to reach 1169.00, thus forming a new consolidation range. If later the instrument breaks this range to the upside, the price may continue the correction towards 1197.00; if to the downside – start another decline with the target at 1150.00.
Risk Warning: the result of previous trading operations do not guarantee the same results in the future
BRENT
Brent has completed another descending structure. Today, the pair may grow towards 72.98 and then start a new correction to reach 71.56. Later, the market may resume trading upwards with the first target at 77.00.
Risk Warning: the result of previous trading operations do not guarantee the same results in the future
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