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XAU/USD

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Forex Technical Analysis & Forecast: EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, Gold, Brent

RoboForex Team RoboForex

EURUSD, “Euro vs US Dollar”

EURUSD has expanded its consolidation range both upwards and downwards; right now, it is falling to reach 1.1142. Possibly, today the pair may reach it and then grow towards 1.1166, thus forming another consolidation range around 1.1166. If later the price breaks this range to the upside, the instrument may form one more ascending structure to break 1.1188 and then continue the correction towards 1.1212; if to the downside – resume trading inside the downtrend with the short-term target at 1.1070.

GBPUSD, “Great Britain Pound vs US Dollar”

GBPUSD has returned to 1.2800; right now, it is trading to rebound from it to the downside. Considering that the pair broke 1.2720 downwards again, it may fall to reach 1.2686. Later, the market may break this level as well and continue falling with the short-term target at 1.2639. However, if the price breaks 1.2800 to the upside, the instrument may continue the correction to reach 1.2944.

USDCHF, “US Dollar vs Swiss Franc”

USDCHF is still consolidating around 1.0104. Today, the pair may start a new growth towards 1.0118 and then form a new descending structure with the target at 1.0080.

USDJPY, “US Dollar vs Japanese Yen”

USDJPY is moving downwards; it has formed the consolidation range below 110.60. Possibly, the pair may reach 109.88 and then form one more ascending structure with the target at 110.77.

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD is forming another descending wave towards 0.6860. Possibly, the pair may reach it and then start a new growth towards 0.6896. After that, the instrument may resume trading inside the downtrend with the short-term target at 0.6814.

USDRUB, “US Dollar vs Russian Ruble”

USDRUB is moving downwards. Today, the pair may break 64.39 and then continue falling with the target at 64.14. After that, the instrument may be corrected towards 64.80 and then continue trading inside the downtrend with the short-term target at 63.90.

XAUUSD, “Gold vs US Dollar”

Gold is consolidating around 1273.95. If later the price breaks this range to the upside, the instrument may form one more ascending structure towards 1278.50; if to the downside – resume trading inside the downtrend with the short-term target at 1260.00.

BRENT

Brent is still consolidating around 72.10 without any particular direction. If the price breaks this range to the upside, the instrument may resume trading inside the uptrend with the target at 73.93; if to the downside – continue the correction towards 70.60.

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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.

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