Forex Technical Analysis & Forecast: EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, Gold, Brent
EURUSD, "Euro vs US Dollar"
EURUSD is still consolidating around 1.1166. Possibly, today the pair may reach 1.1155 and then grow towards 1.1177. If later the price breaks range to the upside, the instrument may start a new correction with the target at 1.1212; if to the downside – resume trading inside the downtrend towards 1.1050.
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 is consolidating near the lows. If later the price breaks range to the downside, the instrument may resume trading inside the downtrend with the target at 1.2640; if to the upside – start a new correction towards 1.2800 and then continue falling to reach the above-mentioned target.
Risk Warning: the result of previous trading operations do not guarantee the same results in the future
USDCHF, "US Dollar vs Swiss Franc"
USDCHF is still consolidating around 1.0084. Possibly, the pair may form a new descending structure to reach 1.0077 and then start a new growth towards 1.0108. After that, the instrument may break the range to the downside and continue growing with the target at 1.0130.
Risk Warning: the result of previous trading operations do not guarantee the same results in the future
USDJPY, "US Dollar vs Japanese Yen"
USDJPY is moving upwards. Possibly, the pair may reach 110.50 and then start another decline towards 109.88. Later, the market may form one more ascending structure with the target at 110.66.
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 rebounded from 0.6932. Today, the pair may resume trading inside the downtrend with the short-term target at 0.6820.
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 moving downwards. Today, the pair may reach 64.17 and then start another growth towards 64.80. After that, the instrument may form a new descending structure to break 64.10 and then continue trading inside the downtrend with the short-term target at 62.77.
Risk Warning: the result of previous trading operations do not guarantee the same results in the future
XAUUSD, "Gold vs US Dollar"
Gold is consolidating around 1276.00. Possibly, today the pair may form a new descending structure to reach 1272.60 and then start another growth towards 1280.50. If later the price breaks range to the downside, the instrument may resume trading inside the downtrend with the short-term target at 1260.00; if to the upside – start a new correction to reach 1286.00 and then start a new decline towards the above-mentioned target.
Risk Warning: the result of previous trading operations do not guarantee the same results in the future
BRENT
Brent has completed the correction at 72.00; right now, it is moving upwards to reach 72.70. Later, the market may fall towards 72.10. If the price breaks range to the upside, the instrument may resume trading inside the uptrend with the target at 74.10; if to the downside – continue the correction towards 70.40.
Risk Warning: the result of previous trading operations do not guarantee the same results in the future
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.
