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08/29/2019 07:28:22 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"

After reaching another target at 1.1077, EURUSD has formed the consolidation range above this level. If the price breaks this range to the upside at 1.1090, the instrument may start a new correction towards 1.1114; if to the downside at 1.1073 – resume trading inside the downtrend with the target at 1.1066.

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"

After breaking 1.2250 downwards and falling towards 1.2155, GBPUSD return to 1.2250. Today, the pair may form a new descending structure to reach 1.2188 and then start another growth with the target at 1.2220.

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 is consolidating and forming Triangle pattern. If the price breaks this pattern to the downside at 0.9800, the instrument may start a new decline to reach 0.9782; if to the upside at 0.9820 – resume trading inside the uptrend with the target at 0.9880.

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 around 105.89. Today, the pair may form a new descending structure to reach 105.52. Later, the market may resume trading upwards with the target at 106.40.

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 broken 0.6733 downwards. Possibly, the pair may continue the correction to reach 0.6702 and then start one more ascending structure with the target at 0.6767.

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 falling towards 66.42. After that, the instrument may start a new growth to reach 66.66 and then resume trading downwards with the first target at 65.98.

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 is moving upwards. Today, the pair may reach 1.3320 and then fall towards 1.3297, thus forming a new consolidation range. If the price breaks this range to the upside, the instrument may start a new growth towards 1.3366; if to the downside – resume trading inside the downtrend with the target at 1.3270.

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 upwards. Possibly, the pair reach 1545.00 and then fall towards 1539.23. According to the main scenario, the price is expected to break the range downwards to reach the target at 1531.50. If later this level is broken as well, the instrument may continue moving downwards to reach 1524.00.

XAUUSD

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

BRENT

Brent has reached 60.85; right now, it is correcting towards 59.61. Later, the market may start a new growth to reach 60.05 and then resume falling towards 59.27 to finish the correction. After that, the instrument may form one more ascending structure with the target at 60.85.

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 broken 9900.00; right now, it is still moving downwards. Today, the pair may reach 9500.00 and then grow towards 10000.00. After that, the instrument may resume trading downwards with the target at 9300.00.

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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