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 reached 1.1194 and completed the first descending wave inside the fifth one. Today, the pair may fall to update the current lows and then form one more ascending structure to test 1.1226 from below.

EURUSD

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 has tested 1.3021 from below and rebounded from it; right now, it is still trading downwards with the target at 1.2911. After that, the instrument may start a new correction to return to 1.3021 and then resume trading inside the downtrend with the short-term target at 1.2844.

GBPUSD

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 1.0164 and may continue trading inside the uptrend with the target at 1.0250. Later, the market may start another correction to reach 1.0188 and then form one more ascending structure towards 1.0293.

USDCHF

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

 

USDJPY, "US Dollar vs Japanese Yen"

USDJPY has reached 111.90, thus forming a new consolidation range. If later the price breaks range to the downside, the instrument may resume trading inside the downtrend towards 111.23; if to the upside – start a new growth with the target at 112.60.

USDJPY

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 completed another wave at 0.7070; right now, it is still trading downwards. Possibly, the pair may continue falling with the short-term target at 0.6987. The key target of this wave is at 0.6940.

AUDUSD

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 consolidating around 63.72. If later the price breaks range to the downside, the instrument may fall to reach 63.40; if to the upside – start a new correction with the target at 64.06 and then form a new descending structure towards 62.77.

USDRUB

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

 

XAUUSD, "Gold vs US Dollar"

Gold has reached another downside target. Possibly, today the pair may form a new consolidation range above 1267.83. If later the price breaks range to the downside, the instrument may form a new descending structure with the short-term target at 1260.00; if to the upside – start another correction towards 1275.50.

XAUUSD

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

 

BRENT

Brent is still consolidating around 74.00. If later the price breaks range to the downside, the instrument may be corrected to reach 73.00 and then continue trading inside the uptrend with the target at 76.50; if to the upside – grow towards 75.05.

Brent

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

Before you enter foreign exchange and stock markets, you have to remember that trading currencies and other investment products is trading in nature and always involves a considerable risk. As a result of various financial fluctuations, you may not only significantly increase your capital, but also lose it completely. Therefore, our clients have to assure RoboForex that they understand all the possible consequences of such risks, they know all the specifics, rules and regulations governing the use of investment products, including corporate events, resulting in the change of underlying assets. Client understands that there are special risks and features that affect prices, exchange rates and investment products.

Recommended Content


Recommended Content

Editors’ Picks

EUR/USD clings to daily gains above 1.0650

EUR/USD clings to daily gains above 1.0650

EUR/USD gained traction and turned positive on the day above 1.0650. The improvement seen in risk mood following the earlier flight to safety weighs on the US Dollar ahead of the weekend and helps the pair push higher.

EUR/USD News

GBP/USD recovers toward 1.2450 after UK Retail Sales data

GBP/USD recovers toward 1.2450 after UK Retail Sales data

GBP/USD reversed its direction and advanced to the 1.2450 area after touching a fresh multi-month low below 1.2400 in the Asian session. The positive shift seen in risk mood on easing fears over a deepening Iran-Israel conflict supports the pair.

GBP/USD News

Gold holds steady at around $2,380 following earlier spike

Gold holds steady at around $2,380 following earlier spike

Gold stabilized near $2,380 after spiking above $2,400 with the immediate reaction to reports of Israel striking Iran. Meanwhile, the pullback seen in the US Treasury bond yields helps XAU/USD hold its ground.

Gold News

Bitcoin Weekly Forecast: BTC post-halving rally could be partially priced in Premium

Bitcoin Weekly Forecast: BTC post-halving rally could be partially priced in

Bitcoin price shows no signs of directional bias while it holds above  $60,000. The fourth BTC halving is partially priced in, according to Deutsche Bank’s research. 

Read more

Week ahead – US GDP and BoJ decision on top of next week’s agenda

Week ahead – US GDP and BoJ decision on top of next week’s agenda

US GDP, core PCE and PMIs the next tests for the Dollar. Investors await BoJ for guidance about next rate hike. EU and UK PMIs, as well as Australian CPIs also on tap.

Read more

Majors

Cryptocurrencies

Signatures