Forex Technical Analysis & Forecast 06.02.2020 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, USDCAD, GOLD, BRENT, BTCUSD)

6 февраля 2020 - Fx4News

EURUSD, “Euro vs US Dollar”

After reaching 1.1022 and forming another consolidation range, EURUSD has broken it to the downside. Possibly, the pair may form a new descending structure towards 1.0978 and then start another correction to return to 1.1022.

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 is moving downwards. Today, the pair may reach 1.2942 and then start a new correction towards 1.3000. Later, the market may resume trading downwards with the target at 1.2885.

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 is moving upwards. Possibly, today the pair may reach 0.9750 and then start another correction to break 0.9720. Later, the market may resume trading inside the downtrend with the target at 0.9690.

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 moving upwards. Possibly, today the pair may grow to reach 110.05. After that, the instrument may form a new descending structure to break 109.50 and then continue the correction with the target at 109.12.

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 has completed the ascending structure towards 0.6763. Today, the pair may fall to break 0.6737 and then continue trading downwards with the target at 0.6720.

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 has finished the descending wave at 62.55. Possibly, today the pair may correct to reach 63.25 and then form a new descending structure with the target at 62.20.

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

USDCAD, “US Dollar vs Canadian Dollar”

USDCAD is consolidating above 1.3267 without any particular direction. Today, the pair may expand the range up to 1.3309. After that, the instrument may start a new decline with the target at 1.3216.

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

XAUUSD, “Gold vs US Dollar”

Gold is consolidating below 1558.97. Possibly, the pair may fall to break 1545.10 and then continue trading downwards with the short-term target at 1538.48.

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

BRENT

Brent is moving upwards. Possibly, the pair may reach 56.98 and then start another correction with the target at 55.45.

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

BTCUSD, “Bitcoin vs US Dollar”

BTCUSD is consolidating close to the upside border of the range. If later the price breaks 9600.00 to the upside, the market may resume moving upwards to reach 10044.00 and then start a new decline towards 9000.00.

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