Forex Technical Analysis & Forecast: EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, Gold, Brent
EURUSD, "Euro vs US Dollar"
EURUSD has rebounded from 1.1391 upwards and right now is still trading according to an alternative scenario to continue the correction towards 1.1486. Today, the pair may fall to reach 1.1440 and then form one more ascending structure towards 1.1486 to complete this correctional wave. After that, the instrument may consolidate near the lows and form a reversal pattern. If the market breaks the range to the downside, the price may resume trading inside the downtrend with the first target at 1.1320.
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 trading upwards to expand the consolidation range. Possibly, today the pair may form a new descending structure to reach 1.2952 and then grow towards 1.3020. Later, the market may resume falling to return to 1.2952 to break it and then continue trading inside the downtrend with the short-term target at 1.2750.
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 above 0.9986. Today, the pair may expand the range downwards to reach 0.9975. After that, the instrument may start another growth with the short-term target at 1.0106.
Risk Warning: the result of previous trading operations do not guarantee the same results in the future
USDJPY, "US Dollar vs Japanese Yen"
After rebounding from 113.20, USDJPY has reached the upside target at 113.80 and almost completed the correction. Possibly, today the price may form a new descending structure to return to 113.20 to break it. The first target is at 112.58.
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 consolidating at the top; it has expanded the range and reached a new high. Today, the pair may fall towards 0.7182 and then grow to reach 0.7221. Later, the market may start another decline with the target at 0.7090.
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 trading downwards to reach 65.60. After that, the instrument may towards 66.02 and then resume falling with the short-term target at 64.69.
Risk Warning: the result of previous trading operations do not guarantee the same results in the future
XAUUSD, "Gold vs US Dollar"
Gold is still being corrected and forming the Flag pattern. Today, the pair may form a new descending structure to reach 1221.57 resume growing towards 1229.10. If later the price breaks 1221.57 to the downside, the instrument may continue the correction towards 1206.05. However, if the market breaks 1230.00 to the upside, the price may continue trading inside the uptrend with the target at 1252.30.
Risk Warning: the result of previous trading operations do not guarantee the same results in the future
BRENT
Brent is consolidating near the lows; it has completed the descending structure towards 71.40 and reached the first target of the entire descending wave. Possibly, today the price may grow to reach 74.67 and then fall towards 72.95. Later, the market may form one more ascending structure to break 74.67 and, as a result, start a new correction with the target at 80.37.
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.
