Forex Technical Analysis & Forecast: EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, Gold, Brent
EURUSD, "Euro vs US Dollar"
EURUSD is still forming the fifth wave of the Flag pattern. Today, the pair may reach 1.1290 and then fall towards 1.1280. After that, the instrument may form one more ascending structure to reach 1.1299 and finish the correction. Later, the market may resume trading inside the downtrend with the first target at 1.1241.
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 around 1.3082. Possibly, today the pair may form a new descending structure to reach 1.3045 and then start another growth towards 1.3082. If later the price breaks range to the downside, the instrument may continue falling with the target at 1.2950; if to the upside – resume trading upwards and reach 1.3120.
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 consolidating around 1.0026. If later the price breaks range to the upside, the instrument may resume trading inside the uptrend to reach 1.0142; if to the downside – start a new correction towards 0.9965 and then form one more ascending structure with the target at 1.0080.
Risk Warning: the result of previous trading operations do not guarantee the same results in the future
USDJPY, "US Dollar vs Japanese Yen"
USDJPY has rebounded from 110.86. Possibly, the pair may form the fifth ascending structure to reach 112.00. Later, the market may start a new decline to break 110.80 and then continue falling with the first target at 109.98.
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 rebounded from 0.7171; right now, it is falling to reach 0.7089. Possibly, today the pair may reach this level and start another growth with the target at 0.7131.
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 being corrected towards 64.62. Today, the pair may reach this level and then form a new descending structure towards 64.29. If later the price breaks 64.29 to the downside, the instrument may continue falling to reach 63.95; if 64.62 to the upside – continue the correction towards 64.99 and then resume trading inside the downtrend with the target at 62.77.
Risk Warning: the result of previous trading operations do not guarantee the same results in the future
XAUUSD, "Gold vs US Dollar"
Gold is trading downwards. Possibly, today the pair may break 1291.88. The short-term target is at 1273.20. After that, the instrument may be corrected to return to 1291.88 and then form a new descending structure to reach 1260.00.
Risk Warning: the result of previous trading operations do not guarantee the same results in the future
BRENT
Brent is being corrected. Possibly, the pair may reach 70.50 and then start a new growth with the target at 73.05. Later, the market may be corrected again to return to 70.50 and then form one more ascending structure towards 75.50.
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.
