Forex Technical Analysis & Forecast 13.08.2019 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)
EURUSD, “Euro vs US Dollar”
EURUSD has completed another descending impulse towards 1.1185. Possibly, today the pair may consolidate to break this level to the downside. The target is at 1.1144. After that, the instrument may return to 1.1185 to test it from below and then resume trading downwards with the short-term target at 1.1130.
GBPUSD, “Great Britain Pound vs US Dollar”
GBPUSD has completed the correction at 1.2085. Today, the pair may continue trading inside the downtrend with the target at 1.1955.
USDCHF, “US Dollar vs Swiss Franc”
USDCHF has finished another ascending impulse at 0.9722. Possibly, today the pair may consolidate around this level. If later the price breaks this range to the upside, the instrument may continue moving upwards with the first target at 0.9750.
USDJPY, “US Dollar vs Japanese Yen”
USDJPY is being corrected towards 105.70. After that, the instrument may start a new decline with the target at 104.86.
AUDUSD, “Australian Dollar vs US Dollar”
AUDUSD has finished the correction at 0.6747. Possibly, today the pair may form a new ascending structure with the first target at 0.6785 and then start another decline towards 0.6767. After that, the instrument may resume trading upwards to reach 0.6808.
USDRUB, “US Dollar vs Russian Ruble”
USDRUB is moving upwards. Today, the pair may grow to reach 65.76 and then resume trading downwards with the first target at 65.00.
XAUUSD, “Gold vs US Dollar”
Gold has broken 1509.00 to the upside. Today, the pair may grow to reach 1532.25 and then form one more descending structure to return to 1509.00. Later, the market may break this level downwards and continue trading inside the downtrend with the first target at 1463.70.
BRENT
Brent is consolidating below 58.40. Possibly, the pair may break the range to the upside to reach the short-term target at 60.10. After that, the instrument may be corrected to return to 58.40 and then continue trading upwards with the first target at 61.00.
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.