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 formed the consolidation range above 1.1283 and broken it downwards. Today, the pair may fall to reach 1.1266 and then grow to test 1.1283 from below. After that, the instrument may resume trading inside the downtrend with the short-term target at 1.1225.

EURUSD

 

 

GBPUSD, “Great Britain Pound vs US Dollar”

GBPUSD has formed the consolidation range above 1.2683 and broken it downwards. Possibly, today the pair may form a new descending structure towards 1.2660 and then start a new growth to test 1.2683 from below. Later, the market may resume trading inside the downtrend with the short-term target at 1.2622.

GBPUSD

 

 

USDCHF, “US Dollar vs Swiss Franc”

USDCHF has reached 0.9957; right now, it is consolidating below it. Today, the pair may break this level and form one more ascending structure towards 0.9990. After that, the instrument may resume trading downwards to test 0.9960 from above and then continue trading inside the uptrend with the short-term target at 1.0056.

USDCHF

 

 

USDJPY, “US Dollar vs Japanese Yen”

USDJPY is still consolidating around 108.52 without any particular direction. Possibly, the pair may form one more ascending structure to reach 108.80 and then resume falling towards 108.52. Later, the market may and then start another growth with the short-term target at 109.18.

USDJPY

 

 

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD is still trading downwards with the short-term target at 0.6830; by now, it is has reached the predicted target at 0.6960. Possibly, the pair may start another correction towards 0.6930 and then resume trading downwards to reach the above0-mentioned target.

AUDUSD

 

 

USDRUB, “US Dollar vs Russian Ruble”

After reaching the first upside target at 64.69, USDRUB has completed the correction at 64.53, thus forming a new consolidation range. If later the price breaks the range to the upside, the instrument may continue the correction towards 64.88; if to the downside – resume trading inside the downtrend with the short-term target at 64.20.

USDRUB

 

 

XAUUSD, “Gold vs US Dollar”

Gold is trading upwards; it has almost reached 1347.74. Possibly, the pair may rebound from this level and then form a new descending structure with the first target at 1334.30. Later, the market may start another growth towards 1342.60.

XAUUSD

 

 

BRENT

Brent is trading upwards to reach 63.17. After that, the instrument may be corrected towards 61.51 and then form one more ascending structure with the short-term target at 66.00.

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: positive mood could prevent the collapse

The shared currency has remained under selling pressure on Friday, amid mounting speculation the ECB will announce a larger-than-anticipated stimulus package next September. EUR/USD capped by a Fibonacci resistance at 1.1110, yearly low at risk.

EUR/USD News

GBP/USD: economic disruption on a no-deal Brexit to weigh on Sterling

The GBP/USD pair has closed the week with gains, a handful of pips below the 1.2150 level. The Pound advanced for a third consecutive day, helped by some headlines indicating that Jeremy Corbyn, has been in talks with the Scottish National Party.

GBP/USD News

USD/JPY: short-term advance to be capped by long-term jitters

The USD/JPY has recovered some ground these last few days, to close the week at 106.35. Still, it posted a lower low and a lower high when compared to the previous week, as the Yen benefited from its safe-haven condition on mounting concerns about a US recession. 

USD/JPY News

Four Signs of A Bear Market

I am a believer that the Universe gives you signs. That may sound a bit crazy, but these three charts are three more signs of a bear market. The top chart is the GLD exchange traded fund.

Read more

Gold gives back territory towards a 23.6% retracement

Gold prices were a touch lower by the end of the week, falling -0.68% having travelled between a high of $1,528.00 to a low of $1,503.87, ending the NY session around $1,513. 

Gold News

Majors

Cryptocurrencies

Signatures