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


EUR/USD, "Euro vs US Dollar"

After forming the consolidation range around 1.0985 and breaking it upwards, EURUSD has completed the descending impulse from 1.1031 along with the correction. Possibly, today the pair may form the second impulse to reach 1.0944 and then start another correction towards 1.1088. Later, the market may resume trading downwards with the target at 1.0985.

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 is moving upwards. Possibly, the pair may a new wave to the upside to reach 1.2551 and then start another decline towards 1.2382. After that, the instrument may resume trading upwards with the target at 1.2565.

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. Today, the pair may reach 0.9981 and then form a new descending structure 0.9976. After that, the instrument may continue trading upwards with the target at 1.0014.

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 moving upwards as well; it has broken 107.70 and right now is forming a continuation pattern. Possibly, today the pair may grow to reach 108.34 and then fall to return to 107.70. Later, the market may form one more ascending structure with the target at 108.87.

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 ascending wave at 0.6780; the structure of the fifth wave implies further growth towards 0.6793. Later, the market may start a new correction to the downside with the target at 0.6725.

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 falling towards 64.30. Possibly, today the pair may reach this level and then resume trading upwards with the target at 64.82. Later, the market may start another decline to reach 64.10.

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"

After breaking the consolidation range to the downside, USDCAD has fallen towards 1.3273. Today, the pair may start another correction to reach 1.3309 and then form a new descending structure towards with the target at 1.3289.

USDCAD

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

 

XAU/USD, "Gold vs US Dollar"

After breaking 1501.60 to the downside, Gold has reached 1492.30; right now. it is consolidating around 1494.50. According to the main scenario, the price is expected to form one more ascending structure to return to 1501.60 to test it test below and then resume trading inside the downtrend with the first target at 1486.60.

XAUUSD 

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

 

BRENT

Brent is moving upwards. Possibly, today the pair may reach 60.33 and then consolidate around it. After breaking this range to the upside, the instrument may resume trading upwards with the predicted target at 63.63.

Brent

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

 

BTC/USD, "Bitcoin vs US Dollar"

BTCUSD is growing towards 8700.00. Today, the pair may reach this level and then start a new decline with the target at 8400.00. Later, the market may form one more ascending structure towards 9000.00.

BTCUSD

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

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Editors’ Picks

EUR/USD clings to 3.5-week’s high, trades above 1.1000 figure

The pair is challenging the 1.1047 resistance. EUR/USD bull recovery from 34-month lows remains intact. Further coronavirus headlines are awaited.

EUR/USD News

GBP/USD hits new 2020 low amid Brexit rhetoric, coronavirus headlines

GBP/USD is trading above 1.2800 after hitting a new 2020 low as concerns about a no-trade-deal Brexit are weighing on the pound. Modest recovery seen in USD during the American session keeps the bearish pressure intact.

GBP/USD News

XAU/USD tumbles near two-week’s lows, sub-$1600/oz

Gold has been dropping sharply this Friday while reaching the 200 SMA on the four-hour chart. XAU/USD bulls gave up as sellers took the market down sharply. The bears seem to be in charge and more down could potentially be expected. 

Gold News

WTI remains under pressure around $45.00

Nothing new around crude oil prices, with rising concerns on the Chinese COVID-19 and its potential impact on the economy and the demand for the commodity keeping traders’ sentiment well depressed.

Oil News

FXStreet launches Real-Time Trading Signals

FXStreet Signals offers access to explanatory live webinars, real-time notifications when signals are triggered and exclusive membership to the company’s Telegram group, where users get direct guidance by our analysts and get room to discuss and interact.

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