Forex Technical Analysis & Forecast: EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, Gold, Brent
|EURUSD, “Euro vs US Dollar”
EURUSD is consolidating around 1.1574. Today, the pair may fall to reach 1.1540 and then grow to return to 1.1574. If later the instrument breaks this range to the upside, the price may grow with the target at 1.1655; if to the downside – resume trading inside the downtrend towards 1.1466.
GBPUSD, “Great Britain Pound vs US Dollar”
GBPUSD has completed the correctional structure at 1.3158 and right now is trading downwards. Possibly, the price may reach the first target at 1.3053 and then trade upwards to reach 1.3156.
USDCHF, “US Dollar vs Swiss Franc”
USDCHF is still consolidating around 0.9883. Possibly, today the price may grow to reach 0.9895, fall towards 0.9833, and then resume trading upwards with the target at 0.9895. If later the instrument breaks this range to the upside, the price may resume trading inside the uptrend towards 0.9990; if to the downside – continue the correction to reach 0.9770.
USDJPY, “US Dollar vs Japanese Yen”
USDJPY is moving upwards. Possibly, today the price may reach 112.38 and then fall towards 111.95, thus forming a new consolidation range. If later the instrument breaks this range to the upside, the price may grow with the target at 113.10; if to the downside – resume trading inside the downtrend towards 110.68.
AUDUSD, “Australian Dollar vs US Dollar”
AUDUSD is still consolidating around 0.7120. If later the instrument breaks this range to the upside, the price may grow to reach 0.7193; if to the downside – resume trading inside the downtrend with the target at 0.7000.
USDRUB, “US Dollar vs Russian Ruble”
USDRUB has reached the short-term downside target. Possibly, the pair may grow towards 66.11 and then start another decline with the target at 65.18. Later, the market may resume growing to reach 66.60.
XAUUSD, “Gold vs US Dollar”
Gold has reached the short-term upside target. Today, the pair may start a new correction towards 1205.88; the first correctional structure is expected to reach 1216.15. After that, the instrument may start another growth towards 1224.05.
BRENT
Brent is consolidating around 80.55. Possibly, today the price may form another consolidation range between 82.22 and 79.11. Later, the market may grow to return to 82.22 once again and then start another decline towards the first target at 77.37.
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