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Forex Technical Analysis & Forecast 09.08.2019 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)

9 august 2019 - Fx4News

EURUSD, “Euro vs US Dollar”

EURUSD is moving upwards. Possibly, today the pair may be corrected to reach 1.1200 and then start another decline to break 1.1160. Later, the market may continue trading downwards with the short-term target at 1.1127.

EURUSD
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 has completed another descending structure at 1.2100 along with the correction at 1.2155; right now, it is consolidating below the latter level. Possibly, the pair may form one more descending structure towards 1.2080 and then resume trading upwards with the target at 1.2200.

GBPUSD
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

USDCHF, “US Dollar vs Swiss Franc”

USDCHF has finished the ascending impulse at 0.9785; right now, it is being corrected. Later, the market may resume moving upwards to reach 0.9770. In fact, the pair is forming Triangle pattern. According to the main scenario, the price is expected to break the pattern to the upside and grow with the target at 0.9890.

USDCHF
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 consolidating around 106.27. Today, the pair may grow to break 106.30 and then continue moving upwards with the target at 107.12.

USDJPY
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 moving upwards. Possibly, the pair may reach 0.6830 and then form a new descending structure towards 0.6767. After that, the instrument may start another growth with the target at 0.6898.

AUDUSD
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 still consolidating below 65.32. Possibly, today the pair may fall to break 64.94 and then continue trading downwards to reach 63.93. However, if the price breaks 65.35 to the upside, the instrument may resume growing with the target at 65.80.

USDRUB
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. Possibly, the pair may grow to reach 1516.30 (an alternative scenario). The main scenario implies that the price may start a new decline with the target at 1486.60.

GOLD
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

BRENT

Brent has completed the ascending impulse along with the correction towards 56.80. Possibly, the pair may fall to reach 56.65 and then grow to break 58.44. After that, the instrument may continue trading upwards with the first target at 61.00.

BRENT
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

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