Forex Technical Analysis & Forecast: EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, Gold, Brent
|EURUSD, “Euro vs US Dollar”
EURUSD has broken the consolidation range upwards and right now is forming the first ascending structure with the target at 1.1590. After that, the instrument resume trading inside the downtrend towards 1.1511.
GBPUSD, “Great Britain Pound vs US Dollar”
GBPUSD has broken the consolidation range upwards and reached the first upside target. Possibly, today the price may start another descending structure with the target at 1.3135.
USDCHF, “US Dollar vs Swiss Franc”
After breaking 0.9900 downwards, USDCHF has started a new correctional wave and reached the short-term target at 0.9857. Possibly, the pair may start another ascending wave to return to 0.9900 and then resume falling with the first target at 0.9842. Later, the market may be corrected to reach 0.9900 again.
USDJPY, “US Dollar vs Japanese Yen”
USDJPY has broken the consolidation range downwards and expanded the third structure towards 112.00. Today, the pair may be corrected with the target at 113.10. After that, the instrument may start the fifth structure to reach 111.66.
AUDUSD, “Australian Dollar vs US Dollar”
AUDUSD has formed the consolidation range near the lows; it has rebounded from 0.7130 and right now is moving downwards to reach 0.7020. Later, the market may resume growing towards 0.7074 and then start another decline with the target at 0.7000.
USDRUB, “US Dollar vs Russian Ruble”
USDRUB is consolidating. Possibly, today the pair may grow towards 67.10 and then fall with the target at 66.60. Later, the market may resume growing to reach 68.10 and then start another decline towards 65.35.
XAUUSD, “Gold vs US Dollar”
Gold has finished the ascending structure at 1194.00. Today, the pair may form a new descending wave to reach 1181.40 and then start another correction towards 1187.80. After that, the instrument may resume trading inside the downtrend with the target at 1178.00.
BRENT
Brent is forming the third descending wave; right now, it is consolidating around 82.26. According to the main scenario, the pair may break the range to the downside and continue the third wave with the target at 78.82. Later, the market may start another growth to return to 82.26.
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.