Forex Technical Analysis & Forecast: EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, Gold, Brent
EURUSD, "Euro vs US Dollar"
EURUSD is still forming the third ascending wave. Today, the pair may reach 1.1602 and then resume falling towards 1.1544. After that, the instrument start another growth with the target at 1.1650.
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 consolidating at the top. Possibly, today the price may break the range downwards and reach the target at 1.3135. Later, the market may start another ascending structure towards 1.3185.
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 forming the fourth correctional structure. Possibly, the pair may reach 0.9922 and then resume falling with the first target at 0.9835.
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 consolidating around 112.18. According to the main scenario, the pair may break the range upwards and reach the target at 113.10. After that, the instrument may resume falling with the first target at 111.65.
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 formed the consolidation range around 0.7080. If later the instrument breaks this range to the upside, the price may be corrected to reach 0.7228; if to the downside – resume trading inside the downtrend with the target at 0.7000.
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 consolidating around 66.26. If later the instrument breaks this range to the upside, the price may grow with the short-term target at 67.70; if to the downside – continue the correction towards 65.60.
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 upwards; it has formed the reversal pattern at 1205.00, broken it upwards, and may continue growing with the short-term target at 1128.50. After that, the instrument may resume falling to reach 1205.00 and then start another growth towards 1250.00.
Risk Warning: the result of previous trading operations do not guarantee the same results in the future
BRENT
Brent is forming the third descending wave; it has completed another consolidation range around 82.22 and broken it downwards. Possibly, the pair may return to test 82.22 from below and then resume falling with the short-term target at 79.11. Later, the market may be corrected to reach 82,22 once again and then start another decline towards the first target at 73.37.
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.
