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 reached the predicted short-term target of the third descending wave. Today, the pair may be corrected to reach 1.1230 or even 1.1260 and then resume trading downwards with the short-term target at 1.1180.

GBPUSD, “Great Britain Pound vs US Dollar”

GBPUSD has reached the short-term of the third descending wave. Possibly, today the pair may start a new correction towards 1.2600 or even 1.2640. Later, the market may resume trading inside the downtrend with the short-term target at 1.2530.

USDCHF, “US Dollar vs Swiss Franc”

USDCHF has broken 0.9957; right now, it is still trading upwards inside the third ascending wave. Today, the pair may test this level from above. After that, the instrument may form one more ascending structure with the short-term target at 1.0056.

USDJPY, “US Dollar vs Japanese Yen”

USDJPY has broken 108.52 upwards; right now, it is still forming the third ascending wave with the target at 109.16. Later, the market may start another decline to reach 108.52.

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD is still trading downwards with the target at 0.6830. Possibly, today the pair may be corrected towards 0.6898 or even 0.6925. After that, the instrument may resume trading downwards with the short-term target at 0.6830.

USDRUB, “US Dollar vs Russian Ruble”

USDRUB has reached the predicted downside target. Today, the pair may start another correction towards 64.37 or even 64.69. Later, the market may form a new descending structure with the target at 64.00.

XAUUSD, “Gold vs US Dollar”

Gold has completed the first descending impulse; right now, it is being corrected towards 1348.75. After that, the instrument may form the second impulse to reach the predicted short-term target at 1323.25.

BRENT

Brent has broken 62.11 and may continue growing with the first target at 63.22. Later, the market may be corrected towards 61.60 and then form one more ascending structure with the short-term target at 66.40.