Forex Technical Analysis & Forecast 30.08.2019 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, USDCAD, GOLD, BRENT, BTCUSD)
EURUSD, “Euro vs US Dollar”
After reaching another target at 1.1055, EURUSD has returned to 1.1090; right now, it is forming another descending wave towards 1.1026. After that, the instrument may start a new correction to return to 1.1055 and then resume trading inside the downtrend with the target at 1.1016.
GBPUSD, “Great Britain Pound vs US Dollar”
GBPUSD is falling. Today, the pair may form a new descending structure to reach 1.2152 and then start another correction with the target at 1.2190. Later, the market may resume trading downwards to reach 1.2131.
USDCHF, “US Dollar vs Swiss Franc”
USDCHF is moving upwards. Possibly, the pair may reach 0.9895 and then start a new correction with the first target at 0.9850.
USDJPY, “US Dollar vs Japanese Yen”
USDJPY has reached 106.66; right now, it is consolidating below it. Possibly, the pair may be corrected towards 106.22 and then resume trading upwards with the target at 106.88.
AUDUSD, “Australian Dollar vs US Dollar”
AUDUSD has reached the downside target. Possibly, today the pair may consolidate near the lows. Later, the market may break the range to the upside and then start a new correction with the first target at 0.6767.
USDRUB, “US Dollar vs Russian Ruble”
USDRUB is forming the second descending impulse towards 66.36. Later, the market may consolidate. If the price breaks this range to the downside, the instrument may resume trading inside the downtrend with the target at 66.82.
USDCAD, “US Dollar vs Canadian Dollar”
USDCAD is still consolidating around 1.3279; it has already formed Triangle pattern. Possibly, the pair may fall towards 1.3285 and then grow to reach 1.3310. If later the price breaks this pattern to the upside, the instrument may continue trading inside the uptrend to reach 1.3366; if to the downside – continue the correction with the target at 1.3225.
XAUUSD, “Gold vs US Dollar”
Gold is forming the second descending impulse; right now, it is forming a continuation pattern around 1523.38. Possibly, today the pair may reach 1516.98 and then form one more ascending structure towards 1521.38. After that, the instrument may resume trading downwards with the target at 1501.60.
BRENT
Brent is moving upwardsю Today, the pair may reach 61.24, Later, the market may be corrected towards 60.06 and then form a new descending structure with the target at 61.41.
BTCUSD, “Bitcoin vs US Dollar”
BTCUSD has reached the downside target; right now, it is consolidating above 9300.00. If the price breaks this range to the upside, the instrument may start a new correction with the target at 10100.00.
