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

RoboForex Team RoboForex

EURUSD, "Euro vs US Dollar"

The EUR/USD pair is growing towards 1.1792. After that, the instrument may fall with the target at 1.1749 and then grow to reach 1.1810 to finish the correction. Later, in our opinion, the market may start forming another descending wave towards 1.1697.

GBPUSD, "Great Britain Pound vs US Dollar"

The GBP/USD pair is falling inside the third descending wave. Possibly, the price may reach 1.2913 and then grow towards 1.3035.

USDCHF, "US Dollar vs Swiss Franc"

The USD/CHF pair is being corrected towards 0.9577. After that, the instrument may grow to reach 0.9675, break it to the upside, and continue moving upwards with the target at 0.9782.

USDJPY, "US Dollar vs Japanese Yen"

The USD/JPY pair has completed the descending wave; at the daily chart, it has reached the downside border of the consolidation channel. We think, today the price may form another consolidation range to the upside towards 110.40 at least. If later the instrument breaks it to the upside, the market may start another correction towards 112.18; if to the downside – continue falling inside the downtrend with the target at 106.50.

AUDUSD, "Australian Dollar vs US Dollar"

The AUD/USD pair is still forming the third descending wave. Possibly, today the price may grow towards 0.7898 and then move downwards with the target at 0.7816. After that, the instrument may grow to return to 0.7898 and then fall inside the downtrend towards the local target at 0.7755.

USDRUB, "US Dollar vs Russian Ruble"

the USD/RUB pair has almost completed the consolidation range at 60.03. We think, today the price may break it upwards to reach 60.69 and then fall to return to 60.03. If later the instrument breaks the Triangle pattern to the upside, the market may continue growing towards 61.00; if to the downside – fall with the target at 59.00.

XAUUSD, "Gold vs US Dollar"

Being under pressure, Gold is moving upwards; it has already reached its target. Possibly, today the price may continue consolidating at the highs. If later the instrument breaks this range to the upside, the market may grow towards 1296; if to the downside – fall with the target at 1267.

BRENT

Brent has reached the target of the ascending wave and right now is being corrected to the downside. The target is at 50.70. Later, in our opinion, the market may grow inside the fifth wave towards 55.05.

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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.

EUR/USD flirts with daily highs, retargets 1.1900

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