Forex Technical Analysis & Forecast 08.08.2019 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)

8 августа 2019 - Fx4News

EURUSD, “Euro vs US Dollar”

EURUSD has finished the correction; right now, it is moving downwards. Possibly, the pair may reach 1.1184 and then start another growth towards 1.1212. Later, the market may form a new descending structure with the short-term target at 1.1155.

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 still consolidating; it is forming Triangle pattern. Today, the pair may form one more ascending structure towards 1.2188 and then resume trading downwards to reach 1.2133. After that, the instrument may start another growth with the target at 1.2240.

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 consolidating near the lows. Possibly, the pair may grow towards 0.9763 and then form a new descending structure to reach 0.9726. Later, the market may resume moving upwards with the first target at 0.9800.

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 towards 106.38 and then start a new decline growth to reach 105.93. After that, the instrument may form one more ascending structure with the short-term target at 106.96.

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 rising impulse; right now, it is consolidating around 0.6763. If later the price breaks this range to the downside at 0.6750, the instrument may start a new correction to reach 0.6727; if to the upside at 0.7682 – continue trading inside the uptrend with the first target at 0.6850.

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 broken 65.33 upwards. Possibly, today the pair may grow towards 66.78 and then resume trading downwards to break 64.83. After that, the instrument may continue trading inside the downtrend with the first target at 64.33.

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

XAUUSD, “Gold vs US Dollar”

Gold has reached 1500.00; right now, it is consolidating at the top. After breaking 1491.00 downwards, the pair may resume trading downwards with the first target at 1463.60. However, an alternative scenario implies that the price may form one more ascending structure towards 1516.50 and then 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 is moving upwards to reach 59.42. After that, the instrument may be corrected towards 57.60 and then start another growth with the short-term target at 60.88.

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