Forex Technical Analysis & Forecast: EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, Gold, Brent
EURUSD, "Euro vs US Dollar"
EURUSD has completed another correctional structure and may expand the current range towards 1.1363. Possibly, today the pair may fall to reach 1.1322 and then return to 1.1363. According to the main scenario, later the price is expected to resume falling to break 1.1290 and then continue trading inside the downtrend with the target at 1.1150.
Risk Warning: the result of previous trading operations do not guarantee the same results in the future
GBPUSD, "Great Britain Pound vs US Dollar"
GBPUSD is still consolidating. Possibly, the pair may return to 1.2668 and then fall to reach 1.2516. Later, the market may grow towards 1.2600 and then break the range to the downside to resume trading inside the downtrend with the target at 1.2450.
Risk Warning: the result of previous trading operations do not guarantee the same results in the future
USDCHF, "US Dollar vs Swiss Franc"
USDCHF has broken 0.9950 downwards. Possibly, the price may continue the correction towards 0.9907 and then grow to reach 0.9950. According to the main scenario, the pair is expected to break the range upwards to reach the target at 1.0004. After that, the instrument may break this level as well and continue trading inside the uptrend with the short-term target at 1.0090.
Risk Warning: the result of previous trading operations do not guarantee the same results in the future
USDJPY, "US Dollar vs Japanese Yen"
USDJPY is trading downwards. Today, the pair may reach 112.42. Later, the market may form a new consolidation range as a continuation pattern towards the short-term target at 111.15.
Risk Warning: the result of previous trading operations do not guarantee the same results in the future
AUDUSD, "Australian Dollar vs US Dollar"
AUDUSD has broken 0.7176 upwards and may start a new correction to reach 0.7202. After that, the instrument may form a new descending structure with the short-term target at 0.7137. Later, the market may grow to reach 0.7200 and then resume trading inside the downtrend with the target at 0.7077.
Risk Warning: the result of previous trading operations do not guarantee the same results in the future
USDRUB, "US Dollar vs Russian Ruble"
USDRUB is still consolidating around 66.50. If later the instrument breaks this range to the upside, the price may grow to reach 67.47 (an alternative scenario); if to the downside – resume trading inside the downtrend to break 65.56 and then continue this decline with the short-term target at 64.00.
Risk Warning: the result of previous trading operations do not guarantee the same results in the future
XAUUSD, "Gold vs US Dollar"
Gold is trading upwards. Today, the pair may reach 1250.32 and then form a new descending structure towards 1240.30. After that, the instrument may form one more ascending structure to reach 1252.30 and then start a new consolidation range with a reversal pattern near the highs. The market is expected to form a new descending wave with the target at 1208.90.
Risk Warning: the result of previous trading operations do not guarantee the same results in the future
BRENT
Brent is still consolidating around 60.10. Possibly, today the pair may form a new descending structure to reach 58.00. Later, the market may grow to break the upside border at 63.90 and then continue trading inside the uptrend with the first target at 73.00.
Risk Warning: the result of previous trading operations do not guarantee the same results in the future
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.
