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 has broken 1.1928 to the downside and reached the local target at 1.1867. Possibly, today the price may be corrected to return to 1.1928 and the form another descending wave with the target at 1.1765.

GBPUSD, "Great Britain Pound vs US Dollar"

The GBP/USD pair has broken the ascending channel and right now is moving downwards. We think, today the price may consolidate and then continue falling inside the downtrend to reach the first target at 1.3040.

USDCHF, "US Dollar vs Swiss Franc"

The USD/CHF pair has extended the ascending wave and finished it. Possibly, today the price may form another consolidation range near the highs. After that, the instrument may be corrected to the downside to reach 0.9525.

USDJPY, "US Dollar vs Japanese Yen"

The USD/JPY pair has reached the target of the correction. We think, today the price may start falling towards 109.01 and then grow to reach 109.90. Later, in our opinion, the market may resume moving downwards with the target at 108.65.

AUDUSD, "Australian Dollar vs US Dollar"

The AUD/USD pair has reached the predicted downside target. Possibly, the price may form another descending structure towards 0.7966. After that, the instrument may grow to reach 0.8280 and then fall with the target at 0.7928.

USDRUB, "US Dollar vs Russian Ruble"

The USD/RUB pair is still consolidating. Possibly, the price may grow towards 58.42. Later, in our opinion, the market may continue falling inside the downtrend with the target at 56.40.

XAUUSD, "Gold vs US Dollar"

Gold is still falling. We think, today the price may reach 1305. After that, the instrument may grow towards 1331 and then start forming the third descending wave with the target at 1285.

BRENT

Brent is trading above 54.60. Possibly, the price may move upwards and reach the local target at 55.15. Later, in our opinion, the market may be corrected to the downside towards 51.00 and then continue growing to reach 57.00.

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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 makes a U-turn, focus on 1.1900

EUR/USD’s recovery picks up further pace, prompting the pair to retarget the key 1.1900 barrier amid further loss of momentum in the US Dollar on Wednesday. Moving forward, investors are expected to remain focused on upcoming labour market figures and the always relevant US CPI prints on Thursday and Friday, respectively.

GBP/USD sticks to the bullish tone near 1.3660

GBP/USD maintains its solid performance on Wednesday, hovering around the 1.3660 zone as the Greenback surrenders its post-NFP bounce. Cable, in the meantime, should now shift its attention to key UK data due on Thursday, including preliminary GDP gauges.

Gold holds on to higher ground ahead of the next catalyst

Gold keeps the bid tone well in place on Wednesday, retargeting the $5,100 zone per troy ounce on the back of modest losses in the US Dollar and despite firm US Treasury yields across the curve. Moving forward, the yellow metal’s next test will come from the release of US CPI figures on Friday.