Forex Technical Analysis & Forecast 22.01.2019 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)

EURUSD, “Euro vs US Dollar”

EURUSD is still trading downwards. Possibly, today the pair may reach 1.1346 and then start a new correction towards 1.1367. Later, the market may form a new descending structure with the short-term target at 1.1324.

GBPUSD, “Great Britain Pound vs US Dollar”

GBPUSD has formed another consolidation range around 1.2855 and expanded it up to 1.2907. Possibly, the pair may rebound from this level and start the fifth descending structure with the first target at 1.2815. After that, the instrument may be corrected to return to 1.2907 and then continue trading inside the downtrend towards 1.2717.

USDCHF, “US Dollar vs Swiss Franc”

USDCHF is still consolidating below 0.9982. Today, the pair may reach 1.0000 and then start a new correction towards 0.950. Later, the market may continue trading inside the uptrend with the short-term target at 1.0023.

USDJPY, “US Dollar vs Japanese Yen”

USDJPY is moving downwards to reach 109.36. After that, the instrument may form one more ascending structure with the short-term target at 110.13 and then tart a new correction to return to 109.09.

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD has broken 0.7163 downwards; right now, it is still falling with the short-term target at 0.7107. Later, the market may be corrected to return to 0.7163 and then continue falling to reach 0.7092.

USDRUB, “US Dollar vs Russian Ruble”

USDRUB is still trading downwards. Today, the pair may reach 65.91 and then start a new correction towards 67.90. Later, the market may continue trading inside the downtrend to break 65.90. The short-term target is at 64.50.

XAUUSD, “Gold vs US Dollar”

Gold is falling towards 1275.25. And that’s just a half of the descending wave. Possibly, the pair may break this level. The downside target is at 1255.00. After that, the instrument may be corrected to return to 1275.25 and then form a new descending structure towards 1251.70.

BRENT

Brent is consolidating around 62.56. Possibly, today the pair may be corrected to reach 61.50. Later, the market may continue trading inside the uptrend with the short-term target at 63.95 and then start a new correction towards 57.00.