Forex Technical Analysis: EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, Gold, Brent
EURUSD, “Euro vs US Dollar”
EURUSD is still moving downwards. Today, the price may reach 1.1348 and then form another consolidation range between 1.1431 and 1.1303. If later the pair breaks this range to the downside, the instrument may continue falling inside the downtrend with the target at 1.1240.
GBPUSD, “Great Britain Pound vs US Dollar”
In case of GBPUSD, the downtrend continues; right now, the price is consolidating around 1.2761. If later the instrument breaks this range to the downside, the pair may fall to reach 1.2637; if to the upside – start another correction with the target at 1.2815 and then resume falling towards 1.2637.
USDCHF, “US Dollar vs Swiss Franc”
USDCHF is consolidating around 0.9945. Possibly, today the pair may break the range to the upside to reach 1.0000. Later, the market may be corrected to return to 0.9945 and then resume growing with the target at 1.0025.
USDJPY, “US Dollar vs Japanese Yen”
USDJPY is moving downwards; it has broken 110.48 to the downside. Possibly, the pair may continue growing to reach 109.86 and then start another correction to return to 110.48. After that, the instrument may resume falling inside the downtrend with the short-term target at 108.85.
AUDUSD, “Australian Dollar vs US Dollar”
AUDUSD is also moving downwards. Possibly, today the pair may reach 0.7260 and then start another correction towards 0.7370. Later, the market may resume falling inside the downtrend with the target at 0.7230.
USDRUB, “US Dollar vs Russian Ruble”
USDRUB has formed the consolidation range and broken it to the upside. Possibly, the pair may grow towards 67.80 and then resume trading downwards to break 65.72. After that, the instrument may continue falling inside the downtrend with the target at 64.00.
XAUUSD, “Gold vs US Dollar”
Gold is still consolidating near the lows around 1209.00. Today, the price may fall towards 1202.00 and then return to 1209.00. Later, the market may continue trading downwards to reach 1200.00.
BRENT
Brent is still consolidating close to the downside border of the Triangle pattern. If later the instrument breaks this range to the downside, the price may fall to reach 70.90; if to the upside – resume trading upwards with the target at 73.35 and then fall towards 70.30.
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.
