Forex Technical Analysis & Forecast: EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, Gold, Brent
EURUSD
The EURUSD failed to stay above 1.1358: the price bounced and headed lower. This may lead to a fall towards 1.1324, and then a rise to 1.1340, and a further rise to 1.1380. In case the lower boundary gets broken out, the price may fall to the local target of 1.1280.
Risk Warning: the result of previous trading operations do not guarantee the same results in the future
GBPUSD
The GBPUSD bounced off the upper triangle boundary and may now fall to 1.3156. The pair may then slide up to 1.3390, but then again fall following the trend to reach the first target at 1.3070.
Risk Warning: the result of previous trading operations do not guarantee the same results in the future
USDCHF
The USDCHF hit the local downtrend target at 0.9984. Today, it may start consolidating at its lows. The price may then either go up towards $1.0051, or hit the lower boundary at 0.9978. The first trend-following target is meanwhile at 1.0160.
Risk Warning: the result of previous trading operations do not guarantee the same results in the future
USDJPY
The USDJPY has nearly completed its primary falling move and even finished the correction. Today, the correction channel may get hit at 111.05, and then, after breaking it out, the price may head towards 100.76, its local target.
Risk Warning: the result of previous trading operations do not guarantee the same results in the future
AUDUSD
The Aussie has broken out the consolidation range top down against the dollar, and the first falling move is already over. Currently, the pair is correcting around 0.7089, which may be followed with a fall to 0.7040.
Risk Warning: the result of previous trading operations do not guarantee the same results in the future
USDRUB
The Russian currency is consolidating below 64.62. The price may then either go up towards 64.84, or continue the trend by falling to 63.71.
Risk Warning: the result of previous trading operations do not guarantee the same results in the future
GOLD
The gold bounced off $1310.30 and has nearly formed a double top. Today, it may probably be heading down towards $1300.30, and then, once a breakout occurs, hit $1296.08, which is going to be the first target.
Risk Warning: the result of previous trading operations do not guarantee the same results in the future
BRENT
The Brent crude is above $67.38 and may reach $68.50 today. The price may then start correcting to $63.95.which is going to be the first target.
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.
