Forex Technical Analysis & Forecast: EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, Gold, Brent
EURUSD, “Euro vs US Dollar”
EURUSD has competed the descending impulse along with the correction, thus forming another consolidation range. If later the pair breaks this range to the downside, the price may continue falling inside the downtrend with the short-term target at 1.1530.
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 has reached the downside target. Possibly, today the pair may consolidate near the lows. The instrument is expected to break the range to the upside and reach the first target at 1.2960.
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 still consolidating around 0.9946. Today, the price may fall to reach 0.9915 and then resume moving to the upside to break 1.0000. Later, the market may continue growing with the target at 1.0025.
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 moving downwards. Possibly, the pair may reach 110.63 and then grow towards 111.24. After that, the instrument may resume falling inside the downtrend with the first target at 110.30.
Risk Warning: the result of previous trading operations do not guarantee the same results in the future
AUDUSD, “Australian Dollar vs US Dollar”
AUDUSD is moving upwards. Today, the price may reach 0.7463 and then fall towards 0.7373. Later, the market may break this level and continue falling inside the downtrend with the target at 0.7285.
Risk Warning: the result of previous trading operations do not guarantee the same results in the future
USDRUB, “US Dollar vs Russian Ruble”
USDRUB has formed another consolidation range around 63.35, broken it upwards, and may continue moving to the upside. Possibly, today the pair may return to 63.35 and then start another growth with the short-term target at 65.30.
Risk Warning: the result of previous trading operations do not guarantee the same results in the future
XAUUSD, “Gold vs US Dollar”
Gold is consolidating near the lows. Possibly, the pair may test 1217.00 from below and then resume trading to the downside to reach 1200.00. Later, the market may start another ascending movement with the target at 1233.00.
Risk Warning: the result of previous trading operations do not guarantee the same results in the future
BRENT
Brent is still consolidating. Today, the price may form a new ascending structure towards 73.20 and then resume trading to the downside with the target at 70.90.
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.
