Forex Technical Analysis & Forecast 02.09.2019 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, USDCAD, GOLD, BRENT, BTCUSD)
EURUSD, “Euro vs US Dollar”
EURUSD is forming the fifth descending wave; right now, it is consolidating around 1.0990. If later the price breaks this range to the upside, the instrument may start a new correction to reach 1.1033; if to the downside – resume trading inside the downtrend with the target at 1.0930.
GBPUSD, “Great Britain Pound vs US Dollar”
GBPUSD has reached the target at 1.2133; right now, it is consolidating above it. Possibly, the pair may be corrected towards 1.2194; Later, the market may resume trading downwards to reach 1.2080.
USDCHF, “US Dollar vs Swiss Franc”
USDCHF is moving upwards. Possibly, the pair may reach 0.9923 and then consolidate close to the highs. If later the price breaks this range to the upside at 0.9925, the instrument may continue trading inside the uptrend to reach 0.9990; if to the downside at 0.9890 – start another correction with the target at 0.9845.
USDJPY, “US Dollar vs Japanese Yen”
USDJPY has completed the correction at 105.92. Possibly, today the pair may grow towards 106.41 and then fall to reach 106.15. If later the price breaks this range to the upside at 106.42, the instrument may form one more ascending structure to reach 106.71; if to the downside – continue the correction towards 105.60 and then start a new growth with the target at 107.07.
AUDUSD, “Australian Dollar vs US Dollar”
AUDUSD has finished the correction at 0.6717; right now, it is trading inside Triangle pattern. Possibly, the pair may form one more ascending structure to break 0.6733 and then continue trading upwards with the target at 0.6748. Later, the market may resume trading downwards to reach 0.6735 and then start a new growth with the target at 0.6767.
USDRUB, “US Dollar vs Russian Ruble”
USDRUB is forming the first descending wave towards 66.25. Later, the market may start another growth to reach 66.60 and then form a new descending structure with the target at 66.00.
USDCAD, “US Dollar vs Canadian Dollar”
USDCAD is moving upwards. Today, the pair may grow towards 1.3345 and then fall to reach 1.3330. After that, the instrument may resume trading upwards with the target at 1.3370.
XAUUSD, “Gold vs US Dollar”
Gold has finished the first descending impulse along with the correction at 1533.70. Possibly, today the pair may fall to break 1513.00 and then continue trading inside the downtrend with the target at 1502.00.
BRENT
Brent is consolidating around 59.26. Today, the pair may expand the range towards 58.76. Later, the market may grow to reach 59.90 and then form a new descending structure towards 59.30. If the price breaks this range to the upside, the instrument may start a new growth to reach 61.50; if to the downside – resume trading inside the downtrend with the target at 58.20.
BTCUSD, “Bitcoin vs US Dollar”
BTCUSD has completed the first ascending impulse along with the correction; right now, it is forming the second impulse to reach 10031.00. After that, the instrument may form a new descending structure to reach 9728.00 and then resume trading upwards with the first target at 10160.00.
