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


EUR/USD, "Euro vs US Dollar"

EURUSD has reached the target of the first ascending impulse; right now, it is forming a new consolidation range around 1.0970. Possibly, the pair may expand the range towards 1.0983 and then fall to reach 1.0960. If later the price breaks this range to the downside, the instrument may form a new descending structure towards 1.0944; if to the upside – start another growth with the target at 1.1002.

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 has completed the first ascending impulse; right now, it is consolidating at the top close to 1.2089. If later the price breaks this range to the downside at 1.2070, the instrument may continue trading downwards to reach 1.2025; if to the upside – form one more ascending structure 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 has completed the descending impulse at 0.9860. Today, the pair may start another growth to reach 0.9894 and then form a new consolidation range between these two levels. If later the price breaks this range to the downside at 0.9860, the instrument may form a new descending structure towards 0.9820; if to the upside at 0.9898 – resume trading upwards with the target at 0.9930.

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 has broken Triangle pattern and may continue the correction. Possibly, today the pair may reach 106.12 and then start a new decline towards 105.70. Later, the market may form one more ascending structure with the target at 106.16.

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"

After completing an upside continuation pattern at 0.6725, AUDUSD has finished one more ascending structure. Today, the pair may form a new consolidation range at the top of this impulse. Possibly, the price may expand the range towards 0.6787, fall to reach 0.6757, and then grow to return to 0.6770. If later the price breaks this range to the downside, the instrument may form a new descending structure towards 0.6717 if to the upside – start another growth with the target at 0.6890.

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 has reached 67.07; it looks like the price is forming Double Top pattern. Possibly, the pair may rebound from it and then start a new decline with the first target at 66.25.

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 still moving upwards to reach 1.3400. Possibly, today the pair may be corrected to test 1.3300 from above and then form one more ascending structure towards 1.3400. Later, the market may start a new correction to reach 1.3355 at least and then grow with the target at 1.3434 to finish this wave. After that, the instrument may continue trading downwards with the target at 1.2950.

USDCAD

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

 

XAU/USD, "Gold vs US Dollar"

After breaking Triangle pattern, Gold has completed one more structure. Today, the pair may reach 1550.60 and then form a new descending structure with the target at 1533.90.

XAUUSD

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

 

BRENT

Brent has finished another ascending impulse towards 58.85; right now, it is consolidating to break the channel's upside border. If later the price breaks this range to the upside at 58.88, the instrument may resume trading inside the uptrend with the first target at 59.60; if to the downside at 58.50 – complete the correction at 58.20 and then start a new growth towards the above-mentioned target.

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 completed the first descending impulse at 10461.00 along with the correction at 10592.00. Possibly, today the pair may fall to break 10460.88 and then continue trading downwards with the target at 10092.00. However, the price may choose an alternative scenario to form one more ascending structure towards 10790.00 and then start a new decline with the target at 9900.00.

BTCUSD

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

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