Forex Technical Analysis & Forecast: EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, Gold, Brent
EURUSD, “Euro vs US Dollar”
EURUSD has reached 1.1733 and completed the half of the third descending wave. Possibly, today the price may consolidate near the lows. If later the pair breaks this range to the downside, the market may fall towards 1.1700 and then grow to reach 1.1740. After that, the instrument may continue falling inside the downtrend with the short-term target at 1.1664.
Risk Warning: the result of previous trading operations do not guarantee the same results in the future
GBPUSD, “Great Britain Pound vs US Dollar”
GBPUSD is falling to reach 1.3300. After that, the instrument may grow towards 1.3390 and then start another decline with the target at 1.3244.
Risk Warning: the result of previous trading operations do not guarantee the same results in the future
USDCHF, “US Dollar vs Swiss Franc”
USDCHF is growing towards 0.9900. Later, the market may fall towards 0.9845 and then grow to reach the short-term target at 0.9960.
Risk Warning: the result of previous trading operations do not guarantee the same results in the future
USDJPY, “US Dollar vs Japanese Yen”
USDJPY is still growing and expanding its range upwards. Possibly, the price may reach 110.75. After that, the instrument may fall towards 109.55, break it, and then continue this decline with the target at 107.90.
Risk Warning: the result of previous trading operations do not guarantee the same results in the future
AUDUSD, “Australian Dollar vs US Dollar”
AUDUSD has broken its consolidation range upwards. Possibly, the price may fall to reach 0.7542 and then grow towards 0.7582. Later, the market may continue falling inside the downtrend with the target at 0.7488.
Risk Warning: the result of previous trading operations do not guarantee the same results in the future
USDRUB, “US Dollar vs Russian Ruble”
USDRUB is still consolidating around 62.00. Possibly, today the price may try to expand the range towards 63.21 and then form a new descending structure to reach 61.57. After that, the instrument may break this level and then continue trading to the downside with the short-term target at 60.00.
Risk Warning: the result of previous trading operations do not guarantee the same results in the future
XAUUSD, “Gold vs US Dollar”
Gold is being corrected and forming the Flag pattern. Today, the price may fall towards 1288.00, break it, and then continue this decline to reach the short-term target at 1275.00. However, the instrument may choose an alternative scenario to return to 1304.00 once again and then resume falling to reach 1240.00.
Risk Warning: the result of previous trading operations do not guarantee the same results in the future
BRENT
Brent is consolidating around 76.18. Possibly, the price may fall to reach 74.92 and then resume growing to reach the first target at 78.30. Later, the market may form a new descending structure to return to 75.80 and then grow with the short-term target at 80.50.
Risk Warning: the result 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.
