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 the descending structure at 1.1170; right now, it is consolidating near the lows. Possibly, the pair may break it upwards and start a new growth to test 1.1212 from below. After that, the instrument may resume trading inside the downtrend with the target at 1.1190.

EURUSD

 

GBPUSD, “Great Britain Pound vs US Dollar”

In case of GBPUSD, the downtrend continues towards 1.2720. Possibly, the pair may reach 1.2750 and then start another correction towards 1.2852. Later, the market may continue trading inside the downtrend with the short-term target at 1.2720.

GBPUSD

 

USDCHF, “US Dollar vs Swiss Franc”

USDCHF has reached its short-term target at 1.0105. Today, the pair may fall towards 1.0082 and then form one more ascending structure to reach 1.0114. After that, the instrument may start a new decline with the target at 1.0033.

USDCHF

 

USDJPY, “US Dollar vs Japanese Yen”

USDJPY has broken 109.69. Possibly, the pair may be corrected towards 110.19 and then start another decline to return to 109.69. Later, the market may form one more ascending structure with the target at 110.32.

USDJPY

 

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD is still moving downwards with the target at 0.6844. Possibly, today the pair may reach 0.6868 and then start a new correction towards 0.6898. Later, the market may continue trading inside the downtrend to reach the above-mentioned target.

AUDUSD

 

USDRUB, “US Dollar vs Russian Ruble”

USDRUB is still moving downwards with the short-term target at.64.17. After that, the instrument may be corrected towards 64.83 and then resume trading inside the downtrend to reach 64.00.

USDRUB

 

XAUUSD, “Gold vs US Dollar”

Gold has reached its short-term target at 1283.93. Possibly, today the pair may start another correction towards 1292.30. After that, the instrument may form a new descending structure to reach 1281.61 and then continue growing with the target at 1292.25.

XAUUSD

 

BRENT

Brent is still moving upwards; it has broken 72.72 and right now is consolidating around it. Possibly, the pair may continue growing with the short-term target at 75.20. Later, the market may return to 72.72 and then resume trading inside the uptrend to reach 76.55.

Brent

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 depressed around 1.1260 as recovery loses steam

The EUR/USD pair attempted to recover some ground but lost momentum around 1.1280, now near daily lows. Majors confined to tight intraday ranges amid a limited macroeconomic calendar, central banks’ pessimism. 

EUR/USD News

GBP/USD accelerates decline after losing the 1.2550 level

The Sterling is among the weakest currencies, undermined by Brexit turmoil. GBP/USD extends decline to fresh daily lows. Dollar still down against most major rivals. 

GBP/USD News

USD/JPY: unable to recoup the 108.00 level

Mixed Chinese data fell short of spooking growth concerns, Q2 GDP at 27 years low. Quiet macroeconomic start to the week in Europe and the US. USD/JPY short-term bearish as long as it remains below the 108.30 level.

USD/JPY News

Forex Today: USD attempts a comeback, China growth slows, and Bitcoin recovers

The Chinese economy grew by 6.2% y/y in Q2, the weakest expansion in 27 years. Activity data showed a dramatic improvement, Antipodeans advanced further, Asian stocks traded mixed.

Read more

Gold erases daily upside, sits comfortably above $1400

Despite a drop below the critical handle of $1400 last week, the troy ounce of the precious metal closed at $1415 but failed to push higher on Monday. As of writing, the XAU/USD pair was trading at $1410, losing nearly $5 on a daily basis.

Gold News

Majors

Cryptocurrencies

Signatures