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GBP/USD

XAU/USD

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

RoboForex Team RoboForex

EUR/USD, “Euro vs US Dollar”

EUR/USD has reached the short-term target of another descending impulse at 1.1015; right now, it is consolidating around 1.1020. Possibly, today the pair may extend the structure towards 1.1012 and then start a new correction to reach 1.1030, at least. After that, the instrument may resume trading downwards with the predicted target at 1.0933.

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

GBP/USD continues forming the second descending impulse. Today, the pair may reach 1.2783 and then start another correction towards 1.2855, at least. Later, the market may form a new descending structure with the target at 1.2750.

USD/CHF, “US Dollar vs Swiss Franc”

USD/CHF has reached the short-term upside target at 0.9975; right now, it is consolidating above 0.9968. possibly, the pair may break this level to the downside and start a new correction towards 0.955, at least. After that, the instrument may resume growing with the target at 0.9995.

USD/JPY, “US Dollar vs Japanese Yen”

USD/JPY has broken 108.69 upwards. Possibly, the pair may choose an alternative scenario and continue the correction towards 108.93. According to the main scenario, the price is expected to continue trading inside the downtrend to reach 107.04.

AUD/USD, “Australian Dollar vs US Dollar”

AUD/USD is consolidating around 0.6797 without any particular direction. The main scenario implies that the price may continue trading inside the downtrend with the target at 0.6773.

USD/RUB, “US Dollar vs Russian Ruble”

USD/RUB is consolidating around 63.73. Possibly, the pair may form one more ascending structure to reach 63.88. Later, the market may resume trading inside the downtrend with the target at 63.11.

USD/CAD, “US Dollar vs Canadian Dollar”

USD/CAD has finished the ascending impulse towards 1.3297. Today, the pair may consolidate around this level. If later the price breaks this range to the downside at 1.3270, the market may resume falling towards 1.3220; if to the upside at 1.3303 – form one more ascending structure with the target at 1.3343.

XAU/USD, “Gold vs US Dollar”

Gold has completed the descending impulse at 1459.60. Possibly, today the pair may consolidate around 1463.00. After that, the instrument may break 1459.50 and continue trading inside the downtrend with the target at 1444.00.

BRENT

Brent has finished the correction towards 63.00; right now, it is still trading upwards to reach 63.66. Later, the market may break this level and continue growing with the first target at 65.50.

BTC/USD, “Bitcoin vs US Dollar”

After failing to form a new ascending impulse from 7500.00, BTC/USD has broken 7350.00 to the downside to continue the downtrend with the target at 6400.00. Today, the pair may reach 6464.00 and then form one more ascending structure towards 6888.00. Later, the market may resume trading downwards to reach the above-mentioned target.

Author

RoboForex Team

RoboForex

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.

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