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


EUR/USD, “Euro vs US Dollar”

EUR/USD is consolidating around 1.1037. Possibly, today the pair may fall to break 1.1024 and then continue trading inside the downtrend with the first target at 1.0997.

EURUSD

 

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

GBP/USD is consolidating at the top of the ascending wave. According to the main scenario, the price is expected to form the first descending impulse towards 1.2200 and then resume trading upwards with the first target at 1.2280.

GBPUSD

 

USD/CHF, “US Dollar vs Swiss Franc”

USD/CHF is forming the second ascending impulse with the target at 0.9892. Later, the market may form a new descending structure to reach 0.9870 and then resume trading upwards with the first target at 0.9913.

USDCHF

 

USD/JPY, “US Dollar vs Japanese Yen”

USD/JPY is consolidating at the top. Today, the pair may fall to reach 106.52 and start a new growth towards 106.80. After that, the instrument may continue trading downwards with the first target at 106.20.

USDJPY

 

AUD/USD, “Australian Dollar vs US Dollar”

AUD/USD is still consolidating above 0.6809. Today, the pair may form a new descending structure to reach 0.6783 and then return to 0.6809. Later, the market may start another decline with the target at 0.6760.

AUDUSD

 

USD/RUB, “US Dollar vs Russian Ruble”

USD/RUB is consolidating below 66.12. Possibly, the pair may trade downwards to break 65.60 and then continue falling with the first target at 65.20.

USDRUB

 

USD/CAD, “US Dollar vs Canadian Dollar”

USDCAD has completed the ascending impulse along with the correction. Today, the pair may grow to reach 1.3296 and then start a new correction towards 1.3250. After that, the instrument may form one more ascending structure with the target at 1.3350.

USDCAD

 

XAU/USD, “Gold vs US Dollar”

Gold has completed the descending impulse at 1508.33; right now, it is consolidating. Possibly, the pair may continue moving downwards to reach 1478.78. However, if the price grows to break 1522.20, the instrument may start a new correction towards 1537.70 and then resume trading downwards to return to 1508.30.

XAUUSD

 

BRENT

Brent has finished the ascending wave at 62.60; right now, it is correcting towards 60.06. After that, the instrument may resume trading inside the uptrend with the target at 64.25.

Brent

 

BTC/USD, “Bitcoin vs US Dollar”

After forming the descending impulse, BTC/USD has completed the correction at 10715.00. Today, the pair may fall to reach 10430.00. However, if later the price breaks this level to the downside, the instrument may continue trading inside the downtrend with the first target at 9900.00.

Bitcoin

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