Forex Technical Analysis & Forecast: EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, Gold, Brent
EURUSD, “Euro vs US Dollar”
EURUSD has completed another descending impulse along with the correction. Possibly, today the pair may fall with the short-term target at 1.1527 and then form a new ascending structure towards 1.1570. After that, the instrument may resume falling to reach 1.1515.
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 hasn’t been able to extend the ascending structure, but formed a descending impulse along with the correction instead. Today, the price may fall to break 1.2936 and then continue falling inside the downtrend with the first target at 1.2790.
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 0.9744. Later, the market may fall to reach 0.9732 and then form a new ascending structure with the target at 0.9755. If the instrument breaks this range to the upside, the price may resume growing with the short-term target at 0.9777.
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. Today, the price may reach 110.95 and then form a new consolidation range. After that, the instrument may break the range to the downside and continue 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 still consolidating and reaching new lows. Possibly, today the pair may reach 0.7082 and then resume growing towards 0.7125. Later, the market may form a new descending structure resume with the short-term target at 0.7033.
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 moving downwards with the target at 69.31. After that, the instrument may resume growing to reach 69.91, thus forming a new consolidation range. If the instrument breaks this range to the upside, the price may form a new ascending structure towards 70.70; if to the downside – resume falling with the target at 68.81.
Risk Warning: the result of previous trading operations do not guarantee the same results in the future
XAUUSD, “Gold vs US Dollar”
Gold is forming the fifth descending structure. Today, the price may reach 1191.80 and then start a new consolidation range. Later, the market may break it to the downside and the continue falling inside the downtrend with the predicted target at 1186.20.
Risk Warning: the result of previous trading operations do not guarantee the same results in the future
BRENT
Brent has reached the target of the ascending wave; right now, it is extending the structure upwards. Possibly, today the pair may grow towards 79.95 and then resume falling to reach 78.98. Later, the market may start a new growth 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.
