Forex Technical Analysis & Forecast 09.05.2019 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)

EURUSD, “Euro vs US Dollar”

EURUSD is still consolidating around 1.1195 without any particular direction. Possibly, today the pair may fall to reach 1.1183 and then start a new growth to return to 1.1195. Later, the market may resume trading inside the downtrend with the target at 1.1153. An alternative scenario implies that the price may form one more ascending structure towards 1.1230.

GBPUSD, “Great Britain Pound vs US Dollar”

GBPUSD has reached the predicted downside target; right now, it is consolidating near the lows. Possibly, the pair may form a new descending structure towards 1.2977 and then start another growth to break 1.3030. After that, the instrument may continue the correction with the target at 1.3085.

USDCHF, “US Dollar vs Swiss Franc”

USDCHF is moving upwards. Today, the pair may grow to reach 1.0210 and then form a new descending structure with the target at 1.0193. Later, the market may start another growth towards 1.0225.

USDJPY, “US Dollar vs Japanese Yen”

USDJPY is still moving downwards inside the fifth wave with the target at 109.55. Today, the pair may reach 109.80. Later, the market may start a new correction towards 110.25 and then resume trading inside the downtrend to reach the above-mentioned target.

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD has broken 0.6996; right now, it is still moving downwards. Possibly, today the pair may reach 0.6945 and start another correction to return to 0.6996. After that, the instrument may form a new descending structure with the target at 0.6925.

USDRUB, “US Dollar vs Russian Ruble”

USDRUB has completed the correctional structure at 64.87. Later, the market may break the correctional channel to the upside and form one more ascending structure with the target at 66.02. After that, the instrument may start another decline towards 64.30.

XAUUSD, “Gold vs US Dollar”

Gold has completed the descending impulse at 1279.70; right now, it is consolidating above this level. If later the price breaks the range to the downside, the instrument may form a new descending structure with the target at 1274.00. Later, the market may start another growth towards 1293.30 and then resume trading inside the downtrend to reach 1260.00.

BRENT

Brent is consolidating around 70.30. If later the price breaks the range to the downside, the instrument may continue the correction with the target at 68.10; if to the upside – form one more ascending structure towards 72.15.