Forex Technical Analysis & Forecast: EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, Gold, Brent

RoboForex Team RoboForex

EURUSD, “Euro vs US Dollar”

EURUSD has finished another ascending wave. Today, the price may consolidate at the top. If later the instrument breaks this range to the downside, the market may start the fifth descending wave with the target at 1.2190.

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

GBPUSD, “Great Britain Pound vs US Dollar”

GBPUSD is still being corrected. Possibly, today the price may continue trading to reach 1.3687 and then grow towards 1.3870. Later, the market may resume falling with the target at 1.3480.

Предупреждение о рисках: итоги предыдущих торговых операций не гарантируют получение идентичных результатов в будущем.

USDCHF, “US Dollar vs Swiss Franc”

USDCHF is moving downwards. Possibly, the price may finish this descending wave and then start another growth to reach 0.9462. After that, the instrument may break this level and continue forming the third wave with the short-term target at 0.9600.

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

USDJPY, “US Dollar vs Japanese Yen”

USDJPY is moving downwards; it has expanded the current wave and reached the target. Possibly, today the price may consolidate near the lows. Later, the market may break this range to the upside and move upwards to reach the first target at 108.65.

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

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD is being corrected. Possibly, the price may reach 0.7904 and then fall towards 0.7840. After that, the instrument may form another ascending structure with the target at 0.7920 and then continue trading downwards to reach 0.7660.

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

USDRUB, “US Dollar vs Russian Ruble”

USDRUB is forming the first descending impulse. Today, the price may all towards 57.20 and then grow to reach 57.82. Later, the market may trade to the downside with the first target at 56.56.

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

XAUUSD, “Gold vs US Dollar”

Gold has reached the target of the third correctional structure. Possibly, today the price may fall towards 1339.00 and finish the correction. After that, the instrument may continue trading downwards to reach 1307.00.

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

BRENT

Brent is still consolidating near the lows. Today, the price may move upwards to reach 64.64 and then fall towards 63.60. Later, the market may resume growing with the first target at 67.41.

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

Author

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.

EUR/USD faces next resistance near 1.1930

EUR/USD continues to build on its recovery in the latter part of Wednesday’s session, with upside momentum accelerating as the pair retargets the key 1.1900 barrier amid a further loss of traction in the US Dollar. Attention now shifts squarely to the US data docket, with labour market figures and the always influential CPI releases due on Thursday and Friday, respectively.

GBP/USD sticks to the bullish tone near 1.3660

GBP/USD maintains its solid performance on Wednesday, hovering around the 1.3660 zone as the Greenback surrenders its post-NFP bounce. Cable, in the meantime, should now shift its attention to key UK data due on Thursday, including preliminary GDP gauges.

Gold holds on to higher ground ahead of the next catalyst

Gold keeps the bid tone well in place on Wednesday, retargeting the $5,100 zone per troy ounce on the back of modest losses in the US Dollar and despite firm US Treasury yields across the curve. Moving forward, the yellow metal’s next test will come from the release of US CPI figures on Friday.