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”

After breaking 1.1060, EURUSD has reached the short-term downside target at 1.1036. Today, the pair may grow to return to 1.1060 and then resume falling to reach 1.1027. After that, the instrument may start a new correction with the target at 1.1077.

eurusd

 

GBP/USD, “Great Britain Pound vs US Dollar”

GBPUSD has reached 1.2800. Possibly, today the pair may resume trading upwards with the target at 1.2850. Later, the market may form a new descending structure towards 1.2765.

GBPUSD

 

USD/CHF, “US Dollar vs Swiss Franc”

USDCHF has expanded the consolidation range towards 0.9974; right now, it is falling to reach 0.9938. After that, the instrument may start another growth with the target at 0.9980.

USDCHF

 

USD/JPY, “US Dollar vs Japanese Yen”

USDJPY has finished another ascending structure towards 109.47, thus forming Divergent Triangle pattern; right now, it is falling to reach 109.10. Alter, the market may form one more ascending structure towards 109.58 and then trade downwards with the target at 107.04.

USDJPY

 

AUD/USD, “Australian Dollar vs US Dollar”

AUDUSD is moving downwards to reach 0.6844. After that, the instrument may start a new growth with the target at 0.6898.

AUDUSD

 

USD/RUB, “US Dollar vs Russian Ruble”

USDRUB is falling towards 63.50; right now, it is forming Triangle pattern near the lows. If later the pair breaks this pattern to the upside, the instrument may continue the correction towards 64.64; if to the downside – resume trading inside the downtrend with the target at 62.00.

USDRUB

 

USD/CAD, “US Dollar vs Canadian Dollar”

USDCAD is moving upwards. Possibly, the pair may reach 1.3197 and then start another decline to break 1.3155. After that, the instrument may continue trading downwards with the target at 1.3104.

USDCAD

 

XAU/USD, “Gold vs US Dollar”

After breaking 1481.00, Gold has completed the correction at 1464.50. Today, the pair may trade upwards to reach 1479.00 and then continue the correction with the target at 1447.40.

XAUUSD

 

BRENT

After completing the descending impulse and then the correction at 63.22, Brent has broken the correctional channel; right now, it is consolidating around 62.50. Possibly, today the pair may fall towards 61.95. If later the price breaks this level, the market may continue trading downwards with the short-term target at 60.70.

BRECT

 

BTC/USD, “Bitcoin vs US Dollar”

After reaching 9070.00, BTCUSD is growing towards the first target at 9325.00. In fact, the market is expected to start a new ascending structure to reach 9600.00.

BTCUSD

Before you enter foreign exchange and stock markets, you have to remember that trading currencies and other investment products is trading in nature and always involves a considerable risk. As a result of various financial fluctuations, you may not only significantly increase your capital, but also lose it completely. Therefore, our clients have to assure RoboForex that they understand all the possible consequences of such risks, they know all the specifics, rules and regulations governing the use of investment products, including corporate events, resulting in the change of underlying assets. Client understands that there are special risks and features that affect prices, exchange rates and investment products.

Recommended Content


Recommended Content

Editors’ Picks

AUD/USD pressures as Fed officials hold firm on rate policy

AUD/USD pressures as Fed officials hold firm on rate policy

The Australian Dollar is on the defensive against the US Dollar, as Friday’s Asian session commences. On Thursday, the antipodean clocked losses of 0.21% against its counterpart, driven by Fed officials emphasizing they’re in no rush to ease policy. The AUD/USD trades around 0.6419.

AUD/USD News

EUR/USD extends its downside below 1.0650 on hawkish Fed remarks

EUR/USD extends its downside below 1.0650 on hawkish Fed remarks

The EUR/USD extends its downside around 1.0640 after retreating from weekly peaks of 1.0690 on Friday during the early Asian session. The hawkish comments from Federal Reserve officials provide some support to the US Dollar.

EUR/USD News

Gold price edges higher on risk-off mood hawkish Fed signals

Gold price edges higher on risk-off mood hawkish Fed signals

Gold prices advanced late in the North American session on Thursday, underpinned by heightened geopolitical risks involving Iran and Israel. Federal Reserve officials delivered hawkish messages, triggering a jump in US Treasury yields, which boosted the Greenback.

Gold News

Bitcoin Price Outlook: All eyes on BTC as CNN calls halving the ‘World Cup for Bitcoin’

Bitcoin Price Outlook: All eyes on BTC as CNN calls halving the ‘World Cup for Bitcoin’

Bitcoin price remains the focus of traders and investors ahead of the halving, which is an important event expected to kick off the next bull market. Amid conflicting forecasts from analysts, an international media site has lauded the halving and what it means for the industry.   

Read more

Is the Biden administration trying to destroy the Dollar?

Is the Biden administration trying to destroy the Dollar?

Confidence in Western financial markets has already been shaken enough by the 20% devaluation of the dollar over the last few years. But now the European Commission wants to hand Ukraine $300 billion seized from Russia.

Read more

Majors

Cryptocurrencies

Signatures