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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”

After breaking 1.1208, EURUSD continues moving downwards. Today, the pair may reach 1.1175 and then start a new correction to test 1.1280 from below. After that, the instrument may resume trading downwards with the short-term target at 1.1152.

GBPUSD, “Great Britain Pound vs US Dollar”

GBPUSD has broken 1.2555 to the upside and may start another correction to reach 1.2615 (an alternative scenario). The main scenario implies that the price continue trading inside the downtrend with the short-term target at 1.2450.

USDCHF, “US Dollar vs Swiss Franc”

After breaking 0.9990, USDCHF continues forming the third wave 1.0056. An alternative scenario suggests that the pair may start a new correction towards 0.9960. According to the main scenario, the instrument is expected to continue moving upwards.

USDJPY, “US Dollar vs Japanese Yen”

USDJPY is trading downwards. Possibly, the pair may continue consolidating around 108.33. Today, the price may form a new descending structure to reach 107.97 and then start another growth with the target at 108.96. Later, the market may resume trading downwards to return to 108.33.

AUDUSD, “Australian Dollar vs US Dollar”

After updating the lows, AUDUSD has broken the narrow descending channel and may start a new correction towards 0.6904 (an alternative scenario). According to the main scenario, the instrument is expected to continue trading inside the downtrend with the target at 0.6829.

USDRUB, “US Dollar vs Russian Ruble”

USDRUB has extended the third wave and almost reached the target at 63.90. Possibly, today the pair may consolidate near the lows. If later the price breaks the range to the upside, the instrument may be corrected towards 64.70; if to the downside – resume trading inside the downtrend with the target at 63.20.

XAUUSD, “Gold vs US Dollar”

After returning to 1350.00, Gold has completed the descending impulse along with the correction. Today, the pair may break the low of this impulse at 1340.00. The short-term target is at 1323.25.

BRENT

After rebounding from 60.60. Brent is forming a new ascending impulse with the first target at 63.60. After that, the instrument may start a new decline towards 61.60 and then continue growing with the short-term target at 66.40.

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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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