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


EURUSD, “Euro vs US Dollar”

The EUR/USD pair is forming the second descending impulse with the target at 1.1668. Later, in our opinion, the market may grow towards 1.1746 and then resume falling to reach 1.1630.

EURUSD

 

GBPUSD, “Great Britain Pound vs US Dollar”

The GBP/USD pair is forming the third ascending structure with the target at 1.3280. After that, the instrument may resume falling towards 1.3172 and then form another structure to the upside with the target at 1.3310 to complete the correction. Later, in our opinion, the market may continue falling.

GBPUSD

 

USDCHF, “US Dollar vs Swiss Franc”

The USD/CHF pair is still being corrected. We think, today the price may grow to reach 0.9963 and start another decline to return to 0.9900. After that, the instrument may resume growing inside the uptrend with the target at 1.0081.

USDCHF

 

USDJPY, “US Dollar vs Japanese Yen”

The USD/JPY pair has reached its target and expanded the range to the downside. Possibly, today the price may grow to reach 112.51 and then resume trading to the downside with the target at 111.71.

USDJPY

 

AUDUSD, “Australian Dollar vs US Dollar”

The AUD/USD pair is extending the wave downwards. We think, today the price may reach 0.7523 and then grow towards 0.7570. Later, in our opinion, the market may continue falling with the target at 0.7490.

AUDUSD

 

USDRUB, “US Dollar vs Russian Ruble”

The USD/RUB pair has broken 59.50 downwards. Possibly, today the price may grow to reach 59.50 and then resume falling with the first target at 58.68.

USDRUB

 

XAUUSD, “Gold vs US Dollar”

Gold has completed the third ascending impulse. We think, today the price may fall to reach 1277, thus forming another consolidation range. If later the instrument breaks this range to the upside, the market may continue the correction towards 1311; if to the downside – fall inside the downtrend with the target at 1250.

XAUUSD

 

BRENT

Brent is moving upwards; it has broken 62.26 upwards. The target is at 63.30. After that, the instrument may fall to return to 62.26 and then resume moving to the upside towards 66.00.

Brent

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