Forex Technical Analysis & Forecast: EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, Gold, Brent
EURUSD, “Euro vs US Dollar”
EURUSD has formed another consolidation range and broken it upwards; right now, it is still moving upwards. Possibly, the price may reach 1.2562 and then fall towards the downside border of the range at 1.2457. If later the instrument breaks this level downwards, the market may start the first descending wave to reach 1.2337. However, if the instrument rebounds from 1.2500 and updates its highs, the market may grow with the target at 1.2630.
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 moving upwards. Possibly, the price may expand the range towards 1.4168 and then fall to reach 1.4022. If later the instrument breaks this level downwards, the market may resume trading to the downside to reach 1.3873. However, if the instrument breaks the high, the market may continue moving upwards with the target at 1.4246.
Risk Warning: the results of previous trading operations do not guarantee the same results in the future.
USDCHF, “US Dollar vs Swiss Franc”
USDCHF is moving downwards; it has expanded the range towards 0.9180 and then reached 0.9272. If later the instrument breaks this range to the downside, the market may continue falling to reach 0.9082; if to the upside – resume growing with the target at 0.9360.
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. Today, the price may extend the wave and reach 105.50 and then grow towards 106.84. If later the instrument breaks this range to the upside, the market may continue moving upwards to reach 108.20; if to the downside – resume trading to the downside with the target at 104.20.
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 moving upwards; it has broken its consolidation channel to the upside and may grow to reach 0.8010. After that, the instrument may fall towards 0.7891 and then start another ascending structure with the target at 0.8050.
Risk Warning: the results of previous trading operations do not guarantee the same results in the future.
USDRUB, “US Dollar vs Russian Ruble”
USDRUB has reached the target of the first descending wave and formed another consolidation range. If later the instrument breaks this range to the upside, the market may start another correction to reach 57.80; if to the downside – continue trading downwards with the target at 55.61.
Risk Warning: the results of previous trading operations do not guarantee the same results in the future.
XAUUSD, “Gold vs US Dollar”
Gold has formed another consolidation channel and right now is trying to break it to the upside. If it succeeds, the price may grow towards 1366.00 and then fall to reach 1349.00. In case the latter level is broken, the instrument may continue falling with the target at 1322.00.
Risk Warning: the results of previous trading operations do not guarantee the same results in the future.
BRENT
Brent has almost finished the ascending structure with the target at 65.50. Today, the price may reach this level and then start another correction towards 63.60. Later, the market may resume growing to reach 67.45.
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.
