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”

EUR/USD has reached 1.1160 while forming the third ascending wave. Today, the pair may correct to test 1.1140 from above and then form one more ascending structure with the short-term target at 1.1174.

EURUSD

 

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

GBP/USD has finished the ascending wave at 1.3056. Possibly, today the pair may form a new descending structure to reach the short-term target at 1.2901.

GBPUSD

 

USD/CHF, “US Dollar vs Swiss Franc”

USD/CHF is moving downwards. Today, the pair may correct to reach 0.9650 and then start a new decline with the target at 0.9614.

USDCHF

 

USD/JPY, “US Dollar vs Japanese Yen”

USD/JPY is consolidating around 109.87. According to the main scenario, the price is expected to resume trading downwards with the short-term target at 109.55.

USDJPY

 

AUD/USD, “Australian Dollar vs US Dollar”

After completing the correction at 0.6880 and breaking the correctional channel, AUDUSD is moving upwards to reach 0.6924. After that, the instrument may start another decline to return to 0.6880.

AUDUSD

 

USD/RUB, “US Dollar vs Russian Ruble”

USD/RUB has completed the ascending correction towards 61.61. Today, the pair may continue trading inside the downtrend with the target at 60.70.

USDRUB

 

USD/CAD, “US Dollar vs Canadian Dollar”

After breaking the consolidation range to the downside, USDCAD has completed the descending structure towards 1.3040. Possibly, today the pair may form one more ascending structure to reach 1.3055 and then resume falling with the target at 1.3030.

USDCAD

 

XAU/USD, “Gold vs US Dollar”

After finishing the ascending wave at 1558.05, Gold is consolidating near the highs. Possibly, the pair may expand the range up to 1559.00 and then continue trading inside the downtrend with the target at 1547.55.

 

XAUUSD

 

BRENT

Brent is moving upwards to reach 65.00. Later, the market may start a new correction towards 64.40 and then resume trading inside the uptrend with the first target at 66.40.

BRENT

 

BTC/USD, “Bitcoin vs US Dollar”

BTC/USD is still moving downwards to reach 8450.00. Possibly, the pair may reach this level and then start a new correction towards 8655.00, thus forming a new consolidation range. If later the price breaks this range to the upside, the market may form one more ascending structure to reach 8960.00; it to the downside – resume falling with the target at 7900.00.

BTCUSD

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