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Forex Technical Analysis & Forecast: EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, Gold, Brent

RoboForex Team RoboForex

EURUSD, "Euro vs US Dollar"

The EUR/USD pair is still consolidating and right now is forming the ascending structure to reach 1.1180. Later, in our opinion, the market may fall towards the downside border of the range. After breaking it, the price may reach 1.1065 and then start another correction with the target at 1.1190.

GBPUSD, "Great Britain Pound vs US Dollar"

The GBP/USD pair is still forming the fifth descending wave with the target at 1.2567 and right now is consolidating below 1.2719. The main scenario implies that the price may and then continue falling inside the downtrend to reach the above-mentioned target. After that, the instrument may be corrected towards 1.2808.

USDCHF, "US Dollar vs Swiss Franc"

The USD/CHF pair has completed the descending structure towards the downside border of the range, but is still consolidating around 0.9724. The main scenario implies that the price may continue growing to reach 0.9785. Later, in our opinion, the market may fall towards 0.9744 and then move upwards with the local target at 0.9850.

USDJPY, "US Dollar vs Japanese Yen"

The USD/JPY pair is falling to reach 110.78. And that's just a half of the wave. The local target at 109.89. this decline may be considered as the start of the fifth wave towards 106.50.

AUDUSD, "Australian Dollar vs US Dollar"

Being under pressure, the AUD/USD pair is moving upwards. Possibly, the price may test 0.7566 from below and then fall towards the local target at 0.7508. Later, in our opinion, the market may grow to reach 0.7566 and then start another decline with the target at 0.7500.

USDRUB, "US Dollar vs Russian Ruble"

The USD/RUB pair has formed the consolidation range above 59.60. We think, today the price may break it downwards and reach 58.96. After that, the instrument may grow towards 59.60.

XAUUSD, "Gold vs US Dollar"

Gold is forming another ascending structure to reach 1255.68. Later, in our opinion, the market may fall towards the local target at 1237.31.

BRENT

Brent is forming the ascending impulse towards 46.11. After that, the instrument may fall to reach 45.60, thus forming another consolidation range. The main scenario implies that the price may break this range upwards. the first upside target is at 48.85.

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.

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