Forex Technical Analysis: EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, Gold, Brent
EURUSD, “Euro vs US Dollar”
EURUSD has completed another ascending structure. Possibly, today the pair may be corrected to reach 1.1625 and then form a new ascending structure towards 1.1666, thus forming a new consolidation range. If the instrument breaks this range to the upside, the price may resume growing to reach 1.1731; if to the downside – start a new decline with the target at 1.1525.
GBPUSD, “Great Britain Pound vs US Dollar”
GBPUSD has finished the ascending structure. Possibly, today the pair may be corrected to reach 1.2991 and then grow towards 1.3060, thus forming a new consolidation range. If the instrument breaks this range to the upside, the price may form a new ascending structure to reach 1.3190; if to the downside – continue trading inside the downtrend with the target at 1.2842.
USDCHF, “US Dollar vs Swiss Franc”
USDCHF has broken its consolidation range downwards and reached the short-term target. Today, the price may grow towards 0.9696 and then form a new descending structure with the target at 0.9640.
USDJPY, “US Dollar vs Japanese Yen”
USDJPY has finished one more ascending structure and completed this wave. Possibly, today the pair may be corrected to reach 111.58 and then grow towards 111.82, thus forming a new consolidation range. If the instrument breaks this range to the downside, the price may continue trading inside the downtrend with the first target at 111.11.
AUDUSD, “Australian Dollar vs US Dollar”
AUDUSD is moving downwards with the target at 0.7155. Later, the market may form another ascending structure to reach 0.7234 and then resume falling with the short-term target at 0.7030.
USDRUB, “US Dollar vs Russian Ruble”
USDRUB is still moving downwards. Today, the price may grow to reach 69.05. After that, the instrument may resume falling towards 67.65 and then start a new correction with the target at 69.05.
XAUUSD, “Gold vs US Dollar”
Gold has finished the descending impulse and right now is being corrected towards 1206.25. Later, the market may resume falling to reach 1186.20.
BRENT
Brent is moving upwards to reach 78.73. After that, the instrument may fall towards 77.00 and then start a new growth with the target at 80.35.
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.
