Forex Technical Analysis & Forecast 15.05.2019 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)
EURUSD, “Euro vs US Dollar”
EURUSD is still consolidating around 1.1212. Possibly, today the pair may fall towards 1.1191 and then start another growth to break 1.1240. After that, the instrument may continue growing with the short-term target at 1.1289.
GBPUSD, “Great Britain Pound vs US Dollar”
GBPUSD has almost completed the third descending wave; it has reached the downside border of the Divergent Triangle pattern. Today, the pair may form one more ascending structure to break 1.2990 and then continue growing towards 1.3070. Later, the market may start another decline with the target at 1.2806.
USDCHF, “US Dollar vs Swiss Franc”
USDCHF has broken 1.0075 and may continue growing to reach 1.0103. Today, the pair may fall to return to 1.0075, thus forming a new consolidation range. If later the price breaks range to the downside, the instrument may start a new decline to reach 1.0032; if to the upside – resume trading inside the uptrend with the target at 1.0128.
USDJPY, “US Dollar vs Japanese Yen”
USDJPY is still consolidating below 109.70. Possibly, the pair may fall to reach 108.96 and then form one more ascending structure to return to 109.70, thus forming a new consolidation range. If later the price breaks range to the downside, the instrument may resume trading inside the downtrend towards 107.50; if to the upside – start another correction with the target at 110.90.
AUDUSD, “Australian Dollar vs US Dollar”
AUDUSD has almost reached its predicted downside target. Possibly, today the pair may consolidate near the lows. If later the price breaks range to the upside, the instrument may be corrected to reach 0.7000; if to the downside – resume trading inside the downtrend to extend the wave towards 0.6808.
USDRUB, “US Dollar vs Russian Ruble”
USDRUB is consolidating near the downside border of the range. If later the price breaks range to the downside, the instrument may continue trading inside the downtrend with the short-term target at 62.77; if to the upside – form one more correctional structure to reach 66.01 and then start another decline towards the above-mentioned target.
XAUUSD, “Gold vs US Dollar”
Gold has completed the first descending impulse along with the correction. Possibly, today the pair may fall to break 1293.50. The short-term target is at 1289.44. After that, the instrument may start a new growth to return to 1293.50 and then form a new descending structure to reach 1284.30.
BRENT
Brent is still consolidating around 71.30. Today, the pair may form one more ascending structure to reach 73.25 and then fall to return to 71.30. If later the price breaks range to the upside, the instrument may resume trading inside the uptrend with the target at 76.55; if to the downside – continue the correction towards 69.33.
