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.

EURUSD

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.

GBPUSD

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.

USDCHF

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.

USDJPY

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.

AUDUSD

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.

USDRUB

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.

XAUUSD 

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.

Brent

Risk Warning: the result of previous trading operations do not guarantee the same results in the future

Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex LP bears no responsibility for trading results based on trading recommendations described in these analytical reviews.

Analysis feed

Latest Forex Analysis

Editors’ Picks

EUR/USD extends gains to fresh seven-week highs

The American dollar is under selling pressure amid a better market mood. EUR/USD above 1.1140 ahead of several Fed’s speakers that can rock markets.

EUR/USD News

GBP/USD trades around 1.29 amid speculation of Brexit vote

GBP/USD is trading around 1.29 as speculation mounts about the fate of the Brexit deal. UK PM Johnson faces a test in parliament after securing an accord with the EU.

GBP/USD News

USD/JPY: struggles near mid-108.00s pivotal point amid weaker USD

US Dollar Index slumped to multi-month lows below 97.50. 10-year US Treasury bond yield adds more than 1% on Friday. Wall Street's main indexes look to start the day little changed.

USD/JPY News

China’s downward economic path offers no escape from its trade problems

There were no surprises in China’s GDP figures as the government portrays an economy slipping steadily lower giving little promise of improvement or support for the waning global expansion.

Read more

Gold turns flat above $1,490 as USD remains under pressure

After dropping to a daily low of $1,485, the XAU/USD pair staged a modest rebound during the American trading hours and turned flat on the day near $1,492.

Gold News

Forex Majors

Cryptocurrencies

Signatures