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

RoboForex Team RoboForex

EURUSD, “Euro vs US Dollar”

EURUSD continues falling; right now, it is forming the first impulse to reach 1.2360. The target of this entire wave is at 1.2200.

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 moving downwards. The first target is at 1.3927. The predicted target of the wave is at 1.3760.

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 forming the first ascending impulse with the target at 0.9340. The predicted target of the wave is at 0.9486.

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 forming the first ascending impulse inside the wave. The target of the impulse is at 107.05; the predicted target of the wave is at 108.63.

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 consolidating. Today, the price may break the downside border of the range and then continue falling towards the first predicted target at 0.7780.

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 fifth descending wave with the target at 54.80. Possibly, the price may continue falling without any corrections. Instead of corrections, the market may form small consolidation channels range, break them downwards, and then continue trading to the downside.

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

XAUUSD, “Gold vs US Dollar”

Gold is trading to break the downside border of the consolidation channel. The target of the first structure is at 1334.00. The main target of the wave is at 1307.00.

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.

EUR/USD turns negative near 1.1850

EUR/USD has given up its earlier intraday gains on Thursday and is now struggling to hold above the 1.1850 area. The US Dollar is finding renewed support from a pick-up in risk aversion, while fresh market chatter suggesting Russia could be considering a return to the US Dollar system is also lending the Greenback an extra boost.

GBP/USD change course, nears 1.3600

GBP/USD gives away its daily gains and recedes toward the low-1.3600s on Thursday. Indeed, Cable now struggles to regain some upside traction on the back of the sudden bout of buying interest in the Greenback. In the meantime, investors continue to assess a string of underwhelming UK data releases released earlier in the day.