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

RoboForex Team RoboForex

EURUSD, “Euro vs US Dollar”

EURUSD has failed to fix below 1.1530; it has formed a new ascending impulse and may choose an alternative scenario to continue the correction. Possibly, today the price may be corrected towards 1.1570. After breaking 1.1623, the instrument may continue trading upwards with the first target at 1.1744.

GBPUSD, “Great Britain Pound vs US Dollar”

GBPUSD has formed a new ascending impulse and may choose an alternative scenario to start another correction. Today, the price may fall to reach 1.3190 and then resume its growth with the first target at 1.3433.

USDCHF, “US Dollar vs Swiss Franc”

USDCHF is still being corrected. Possibly, today the price may reach 0.9950 and then continue trading downwards with the target at 0.9894.

USDJPY, “US Dollar vs Japanese Yen”

USDJPY has finished the descending impulse. Today, the price may reach 110.30. Later, the market may fall to break 109.44 then continue trading downwards with the target at 107.90.

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD is consolidating near the lows. If later the pair breaks 0.7410 to the upside, the market may continue trading upwards with the first target at 0.7480.

USDRUB, “US Dollar vs Russian Ruble”

USDRUB has completed the descending impulse along with the correction. Today, the price may break the low of this impulse and reach 62.56. After that, the instrument may form another ascending structure to reach 63.40 and then resume trading downwards with the target at 59.90.

XAUUSD, “Gold vs US Dollar”

Gold has finished the ascending impulse. Today, the price fall towards 1264.00 and then grow to break the high of the above-mentioned impulse. Possibly, the pair may be corrected with the target at 1276.00 and then continue trading downwards to reach 1240.00.

BRENT

Brent has broken 74.45 downwards and may continue falling towards 72.30. Later, the market may start another growth towards the first target at 77.00.

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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.