Forex Technical Analysis & Forecast 24.05.2019 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)

EURUSD, “Euro vs US Dollar”

EURUSD has tested 1.1182 from below; right now, it is consolidating around this level. Possibly, the pair may expand the range towards 1.1190 and then form a new descending structure to break 1.1150. After that, the instrument may continue trading inside the downtrend with the target at 1.1100.

GBPUSD, “Great Britain Pound vs US Dollar”

GBPUSD has completed the correction and returned to 1.2680. Possibly, today the pair may resume trading inside the downtrend with the short-term target at 1.2550.

USDCHF, “US Dollar vs Swiss Franc”

USDCHF has finished another correctional structure at 1.0025; right now, it is trading upwards with the target at 1.0050. Later, the market may start another decline towards 1.0035 and then form one more ascending structure with the first target at 1.0076.

USDJPY, “US Dollar vs Japanese Yen”

USDJPY has reached the short-term target at 109.55; right now, it is consolidating around this level. Today, the pair may start a new growth to reach 109.95 and then continue falling towards 109.26. After that, the instrument may be corrected with the target at 109.95.

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD has completed the correction at 0.6896; right now, it is moving downwards. Possibly, the pair may beach 0.6863. After that, the instrument may break it and then continue trading inside the downtrend with the target at 0.6800.

USDRUB, “US Dollar vs Russian Ruble”

USDRUB has completed the correctional structure at 64.80 and formed a new consolidation range around it. Today, the pair may form a new descending structure to break 64.56 and then continue trading inside the downtrend with the first target at 63.94.

XAUUSD, “Gold vs US Dollar”

Gold has finished another correctional structure and returned to 1285.70. Possibly, today the pair may consolidate near the current highs. If later the price breaks this range to the downside, the instrument may resume trading inside the downtrend with the target at 1267.60.

BRENT

After breaking 70.70, Brent completed another correctional structure at 67.10; it has already formed another consolidation range and broken it to the upside. Possibly, the pair may start another growth to reach the first target at 69.13. Later, the market may form a new descending structure towards 68.06 and then resume trading upwards with the target at 71.30.