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07/31/2019 07:30:43 GMT

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 is moving upwards; it has broken the consolidation range to the upside and may continue the correction with the short-term target at 1.1173 (an alternative scenario). In fact, the price may start plummeting towards 1.1075 at any moment.

EURUSD

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 around 1.2150. If the price breaks this range to the upside at 1.2180, the instrument may start a new correction towards 1.2240; if to the downside at 1.2121– continue trading inside the downtrend with the target at 1.2000.

GBPUSD

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 moving upwards. Possibly, today the pair may break 0.9918 and then continue growing with the short-term target at 0.9942. Later, the market may start another correction towards 0.9820 and then form one more ascending structure with the first target at 1.0000.

USDCHF

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 downwards. Today, the pair may fall to reach 108.37 and then start another growth towards 108.66. After that, the instrument may form a new descending structure to break 108.30 and then continue trading inside the downtrend with the short-term target at 108.00.

USDJPY

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 reached the key downside target at 0.6870; right now, it is moving upwards. Possibly, the pair may start a new correction with the target at 0.6977.

AUDUSD

Risk Warning: the result of previous trading operations do not guarantee the same results in the future

USDRUB, "US Dollar vs Russian Ruble"

USDRUB has finished the correction; right now, it is moving upwards to reach 63.88. Later, the market may start a new decline towards 63.21.

USDRUB

Risk Warning: the result of previous trading operations do not guarantee the same results in the future

XAUUSD, "Gold vs US Dollar"

After completing the continuation pattern at 1426.26, Gold is moving upwards inside the third correctional wave with the target at 1436.57. After that, the instrument may fall to reach 1426.26 and then form one more ascending structure towards 1440.14.

XAUUSD

Risk Warning: the result of previous trading operations do not guarantee the same results in the future

BRENT

Brent is moving upwards. Today, the pair may reach the short-term target at 66.60. After that, the instrument may start a new decline towards 65.00 and then resume trading inside the uptrend with the first target at 67.60.

Brent

Risk Warning: the result of previous trading operations do not guarantee the same results in the future

Author

RoboForex Team

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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