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08/23/2019 07:29:10 GMT

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

RoboForex Team RoboForex

EUR/USD, "Euro vs US Dollar"

EURUSD has reached the downside target at 1.1060. Possibly, today the pair consolidate near the lows. If later the price breaks this range to the upside, the market may start a new correction towards 1.1090; if to the downside – continue trading inside the downtrend with the target at 1.1030.

EURUSD

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

GBP/USD, "Great Britain Pound vs US Dollar"

GBPUSD is moving according to an alternative scenario and forming the third correctional wave. Today, the pair may fall to reach 1.2200 and then grow towards 1.2323. Later, the market may start another decline with the target at 1.2174.

GBPUSD

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

USD/CHF, "US Dollar vs Swiss Franc"

USDCHF has completed the ascending correction at 0.9850; right now, it is consolidating at the top. If later the price breaks this range to the upside, the market may form one more ascending structure towards 0.9888; if to the downside – start a new correction with the target at 0.9800.

USDCHF

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

USD/JPY, "US Dollar vs Japanese Yen"

USDJPY is consolidating above 106.40. According to the main scenario, the price is expected to move upwards to break 106.80. Later, the market may continue growing with the predicted target at 107.07.

USDJPY

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

AUD/USD, "Australian Dollar vs US Dollar"

AUDUSD has returned to 0.6747. Today, the pair may consolidate above this level. If later the price breaks this range to the upside, the market may start a new correction towards 0.6800; if to the downside – continue trading inside the downtrend with the target at 0.6700.

AUDUSD

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

USD/RUB, "US Dollar vs Russian Ruble"

USDRUB is consolidating around 65.70. If later the price breaks this range to the downside, the market may fall to break 65.33 and then continue trading inside the downtrend with the target at 64.88.

USDRUB

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

USD/CAD, "US Dollar vs Canadian Dollar"

USDCAD has broken 1.3315 upwards. According to the main scenario, the price is expected to trade inside the uptrend to break 1.3350 and then continue growing with the target at 1.3380.

USDCAD

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

XAU/USD, "Gold vs US Dollar"

Gold is moving downwards. Possibly, the pair may reach 1483.40 and then start another growth towards 1493.00. Later, the market may form a new descending structure with the target at 1476.60.

XAUUSD

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

BRENT

Brent is being corrected. Possibly, the pair may reach 59.41 and then start a new growth to break 61.40. After that, the instrument may continue trading inside the uptrend with the target at 62.50.

Brent

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

BTC/USD, "Bitcoin vs US Dollar"

BTCUSD has returned to 10140.00. Possibly, today the pair may test 10260.00 from below. According to the main scenario, the price is expected to continue trading downwards with the target at 9935.60. Later, the market may consolidate below this level. If the pair breaks this range to the downside, the instrument may resume trading inside the downtrend to reach 9500.00.

BTCUSD

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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