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

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.

Analysis feed

FXStreet Trading Signals now available!

Access to real-time signals, community and guidance now!


Latest Forex Analysis

Editors’ Picks

EUR/USD: Off multi-month highs, holds above 1.1200 ahead of ECB

Amid a broad-based US dollar rebound, EUR/USD corrects further from three-month highs of 1.1257 ahead of the European open, as the bulls take a breather ahead of the key European Central Bank (ECB) monetary policy decision.

EUR/USD News

GBP/USD retreats from five-week top to sub-1.2600 area amid quiet session

GBP/USD snaps five-day winning streak to take U-turn from 100-day SMA, still above 1.2500. BOE’s Bailey tells banks to prepare for no-deal exit and downs the GBP. The US Dollar bounces off three-month low amid risk reset, pre-ECB moves.

GBP/USD News

Riots could assist US recovery by ending the economic paralysis

The US economy may be headed for a V-shaped recovery aided ironically enough by the demonstrations that have made nonsense of the continued social and business restrictions and the riots whose damage will require massive spending to repair.

Read more

Gold: Bounces back above $1,700 to keep buyers hopeful

Gold prices recover from immediate support line, 50-day SMA. The yellow metal’s failure to close below 50-day SMA, not to forget a six-week-old ascending support line keeps the buyers hopeful. Risk reset, cautious mood ahead of the ECB also favors the buyers.

Gold News

WTI retraces within an immediate triangle around $37.00

WTI seesaws near three-month high inside a two-day-old symmetrical triangle. The black gold rose to the highest since March 11 the previous day but MACD’s weakness dragged it back from $38.30.

Oil News

Forex Majors

Cryptocurrencies

Signatures