Forex Technical Analysis & Forecast 11.01.2019 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)

EURUSD, “Euro vs US Dollar”

EURUSD has reached its downside target; right now, it is trading upwards to reach a.1537. Later, the market may fall towards 1.1510, thus forming a new consolidation range between two above-mentioned levels. If the instrument breaks this range to the upside, the price may form one more ascending structure with the target at 1.1570; if to the downside – resume falling towards 1.1461.

GBPUSD, “Great Britain Pound vs US Dollar”

GBPUSD is still consolidating above 1.2758. Possibly, today the pair may grow towards 1.2811 and then fall to return to 1.2758, thus forming a new consolidation range. If the instrument breaks this range to the upside, the price may continue growing to reach 1.2899; if to the downside – form a new descending structure with the target at 1.2700.

USDCHF, “US Dollar vs Swiss Franc”

USDCHF is falling towards 0.9815. Later, the market may start a new ascending wave to reach 0.9833, thus forming a new consolidation range. If the instrument breaks this range to the upside, the price may continue growing with the target at 0.9888; if to the downside – form a new descending structure towards 0.9800.

USDJPY, “US Dollar vs Japanese Yen”

USDJPY is trading upwards to reach 108.63. After that, the instrument may start a new decline with the target at 107.70.

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD has completed the ascending wave. Today, the pair may fall to break 0.7155. After that, the instrument may continue the correction with the target at 0.7122.

USDRUB, “US Dollar vs Russian Ruble”

USDRUB is trading upwards to reach 67.37. Later, the market may resume falling towards 67.00, thus forming a new consolidation range. If the instrument breaks this range to the upside, the price may be corrected with the target at 68.15; if to the downside – continue trading inside the downtrend towards 66.50.

XAUUSD, “Gold vs US Dollar”

Gold is trading upwards. Possibly, the pair may reach 1297.90. After that, the instrument may fall towards 1291.44 and then form one more ascending structure to reach 1300.955. Later, the market may form a new consolidation range around 1288.63.

BRENT

Brent is consolidating around 61.17. Today, the pair may reach 61.98. After that, the instrument may form a new descending structure towards 59.55 and then resume with the short-term target at 63.05.