Forex Technical Analysis & Forecast: EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, Gold, Brent
EURUSD, “Euro vs US Dollar”
EURUSD is still moving downwards. Today, the price may reach 1.1515 and then form another consolidation range between 1.1560 and 1.1480. If later the pair breaks this range to the downside, the instrument may continue falling inside the downtrend with the target at 1.1414.
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 also moving downwards and forming a downside continuation pattern around 1.2870. The instrument is expected to break the pattern to the downside and reach the target at 1.2727.
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 trading upwards to break 0.9980. Later, the market may continue growing with the short-term target at 1.0066.
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 110.94. 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 also moving downwards. Possibly, today the pair may reach 0.7306 and then start another correction towards 0.7370. Later, the market may resume falling inside the downtrend with the target at 0.7288.
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 completed another ascending wave. Today, the price may form the fifth descending structure to reach 50.50. The instrument is expected to form a new consolidation range with a reversal pattern near the current highs. The first target is at 63.40.
Risk Warning: the result of previous trading operations do not guarantee the same results in the future
XAUUSD, “Gold vs US Dollar”
Gold is moving downwards. Possibly, today the pair may break 1209.00. The main downside target is at 1200.00.
Risk Warning: the result of previous trading operations do not guarantee the same results in the future
BRENT
Brent is still consolidating close to the downside border of the Triangle pattern. If later the instrument breaks this range to the downside, the price may fall to reach 70.90; if to the upside – resume trading upwards with the target at 73.90.
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.
