|

Forex Technical Analysis and Forecast: EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, Gold, Brent, BTC/USD

EUR/USD, "Euro vs US Dollar"

EURUSD has completed the correction at 1.1020; right now, it is moving downwards. Possibly, the pair may reach 1.0982 and then form one more ascending structure towards 1.1002. After that, the instrument may resume trading inside the downtrend with the target at 1.0960.

EURUSD

Risk Warning: the result of previous trading operations do not guarantee the same results in the future

GBP/USD, "Great Britain Pound vs US Dollar"

GBPUSD has finished the correction at 1.2500; right now, it is moving downwards to reach 1.2400. Later, the market may start another growth towards 1.2460 and then form a new descending structure with the target at 1.2310.

GBPUSD

Risk Warning: the result of previous trading operations do not guarantee the same results in the future

USD/CHF, "US Dollar vs Swiss Franc"

USDCHF is moving upwards with the target at 0.9880. After that, the instrument may fall towards 0.9860 and then start a new growth with the first target at 0.9920.

USDCHF

Risk Warning: the result of previous trading operations do not guarantee the same results in the future

USD/JPY, "US Dollar vs Japanese Yen"

USDJPY is forming the ascending impulse towards 107.45. Later, the market may start a new correction to reach 107.20 and then resume trading upwards with the target at 107.77.

USDJPY

Risk Warning: the result of previous trading operations do not guarantee the same results in the future

AUD/USD, "Australian Dollar vs US Dollar"

AUDUSD has completed the correction at 0.6800. Possibly, the pair may form one more ascending structure towards 0.6815. Later, the market may start a new decline with the target at 0.6740.

AUDUSD

Risk Warning: the result of previous trading operations do not guarantee the same results in the future

USD/RUB, "US Dollar vs Russian Ruble"

USDRUB is consolidating in the center of the range around 63.83. Today, the pair may fall to reach 63.30 and then start a new rising correction towards 65.00.

USDRUB
 

Risk Warning: the result of previous trading operations do not guarantee the same results in the future

USD/CAD, "US Dollar vs Canadian Dollar"

USDCAD is trading to rebound from 1.3230 upwards. Possibly, today the pair may grow to reach 1.3260 and then resume falling towards 1.3227. Later, the market may form one more ascending structure with the target at 1.3300.

USDCAD
 

Risk Warning: the result of previous trading operations do not guarantee the same results in the future

XAU/USD, "Gold vs US Dollar"

Gold continues moving upwards. Possibly, the pair may reach 1540.00 and then form a new descending structure with the first target at 1512.00.

XAUUSD

Risk Warning: the result of previous trading operations do not guarantee the same results in the future

BRENT

Brent has broken 63.15 downwards. Possibly, today the pair may choose an alternative scenario, which implies that it may grow to test this level from below and then resume moving downwards to reach 60.70. However, the main scenario suggests that the market may continue growing with the target at 68.88.

Brent

Risk Warning: the result of previous trading operations do not guarantee the same results in the future

BTC/USD, "Bitcoin vs US Dollar"

After reaching the predicted downside target at 8800.00 without any corrections and extending the wave towards 8100.00, BTCUSD has completed the ascending impulse; right now, it is correcting to reach 8400.00. After that, the instrument may start a new growth to reach 9400.00 and then resume trading downwards with the target at 7900.00. Later, the market may start another correction towards 11100.00.

BTCUSD

Risk Warning: the result of previous trading operations do not guarantee the same results in the future

Author

RoboForex Team

RoboForex Team is a group of professional financial experts with high experience on financial market, whose main purpose is to provide traders with quality and up-to-date market information.

More from RoboForex Team
Share:

Editor's Picks

GBP/USD consolidates gains, holds above 1.3600

GBP/USD stays in a consolidation phase above 1.3600 on Monday following the previous week's impressive rally. The US Dollar recovers ground due to uncertainty over the potential impact of US economic sanctions' against Iran on energy prices, leaving the risk-sensitive pair on the backfoot.

EUR/USD stays below 1.1700 as markets turn cautious

EUR/USD stays on the back foot and trades below 1.1700 after posting strong gains in the previous week. The pair struggles as the US Dollar attempts a tepid recovery following last week's sell-off that was triggered by the US Treasury's change to bond buyback plan. Meanwhile, investors cling to a cautious stance, awaiting this week's key events and details surrounding the US' economic sanctions package against Iran.

Gold extends rally to fresh three-month high above $4,650

Gold (XAU/USD) extends its advance on Monday, building on the strong rally seen last week following the US Treasury’s buyback announcement and trading at its highest level since May near $4,650.

Here's what I learned trading meme coins
I’ve been trading cryptocurrencies for the past seven years, with meme coins becoming one of the most exciting and implacable parts of my experience. I love them because they represent internet culture and community sentiment, and, let’s be honest, extreme speculation. Newly launched meme coins were especially tempting: get in early enough, I thought, and a small bet could turn into a huge return.
The week ahead: Jackson Hole and Nvidia results to take focus away from Trump
We start the week with the focus squarely on the US. Rising Treasury yields, the Jackson Hole Symposium, inflation and GDP data, along with tariff risks, will dominate market action in the coming days.
$20 billion offered, $2 billion taken: Why Treasury doubled its buyback cap

The US Treasury moved off its own calendar on Wednesday, and that is the part worth sitting with. At 12:32 GMT, the department said it would at least double the size of liquidity support buyback operations in the 10-year to 20-year and 20-year to 30-year sectors, lifting the maximum from $2 billion per operation to at least $4 billion, effective September 9 and running to November 4.