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.

Feed news

Latest Forex Analysis

Editors’ Picks

EUR/USD recovery reaches critical 1.1170 price zone

The EUR/USD pair bounced from a fresh multi-year low of 1.1106, although the advance stalled in the 1.1170 region, with the pair having been unable to extend gains beyond it since last Friday. Bulls to become more courageous if the advance extends beyond 1.1200.

EUR/USD News

GBP/USD modestly up for the day after flirting with 1.2600

The GBP/USD pair is poised to close in positive ground for the first time in ten days, a result of an extremely overbought dollar and US data giving bulls a reason to take some profits out of the table. Brexit chaos persists, Pound gains unlikely.

GBP/USD News

USD/JPY trades at weekly lows near 109.70 as risk aversion dominates

The USD/JPY pair met a renewed selling pressure in the American trading hours amid intensifying flight-to-safety and touched its lowest level in a week at 109.68.

USD/JPY News

Market confidence in doldrums as PMI surveys plummet

US and German PMI surveys failed to muster any form of confidence in the growth picture, with stocks and the dollar under pressure today. The UK political picture looks bleak, with the chances of a no-deal Brexit or general election rising with May’s departure. 

Read more

Gold jumps to weekly tops and retreats, still well bid near $1280 level amid risk-off mood

Gold built on its intraday positive move and spiked to fresh weekly tops, around the $1284 region in the last hour, albeit retreated a bit thereafter.

Gold News

Majors

Cryptocurrencies

Signatures