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GBP/USD

XAU/USD

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”

EURUSD has formed two impulses and reached its predicted downside target; right now, it is forming the fifth structure. Today, the pair may form a new descending structure to reach 1.1274 and then start another growth with the target at 1.1303.

GBPUSD, “Great Britain Pound vs US Dollar”

GBPUSD has broken 1.3071; right now, it is still trading downwards with the target at 1.30025. Possibly, today the pair may reach this level and then start a new correction to return to 1.3071. Later, the market may resume trading inside the downtrend towards 1.2950.

USDCHF, “US Dollar vs Swiss Franc”

USDCHF continues moving upwards. Today, the pair may fall to reach 1.0052 and then form one more ascending structure towards 1.0085. In general, the price is forming the ascending wave with the target at 1.0142.

USDJPY, “US Dollar vs Japanese Yen”

USDJPY is still consolidating around 111.98 and forming the Divergent Triangle pattern. According to the main scenario, the pair is expected to break the range to the downside and reach the first target 110.86.

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD has finished another ascending structure. Possibly, today the pair may be corrected towards 0.7153 and then grow to reach 0.7178. If later the price breaks the range to the downside, the instrument may resume trading inside the downtrend with the target at 0.7077.

USDRUB, “US Dollar vs Russian Ruble”

USDRUB is still consolidating around 64.34. Possibly, the pair may fall with the short-term target at 63.63.

XAUUSD, “Gold vs US Dollar”

Gold has broken 1282.00 and may continue falling to reach 1267.70. After that, the instrument may form one more ascending structure towards 1289.00 and then start a new decline with the short-term target at 1260.00.

BRENT

Brent is trading upwards. Possibly, the pair may reach 72.35 and then form a new descending structure towards 71.40. Later, the market may start a new growth with the target at 72.81 or even extend this wave up to 73.80.

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.

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