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Forex Technical Analysis 23.01.2019 (EURUSD, GBPUSD, USDCHF)

EURUSD, “Euro vs US Dollar”

EURUSD has completed the ascending impulse at 1.1368 along with the correction towards 1.1350, thus forming a new consolidation range. If the instrument breaks this range to the upside, the price may continue trading upwards to expand the range up to 1.1385; if to the downside – continue trading inside the downtrend with the short-term target at 1.1317.

EURUSD
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

GBPUSD, “Great Britain Pound vs US Dollar”

GBPUSD has finished the five-wave ascending correction. Possibly, today the pair may start a new decline to reach 1.2875 and then form one more ascending structure towards 1.2922, thus forming a new consolidation range. If the instrument breaks this range to the downside, the price may move downwards to break 1.2825 and then continue trading inside the downtrend with the short-term target at 1.2693.

GBPUSD
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

USDCHF, “US Dollar vs Swiss Franc”

USDCHF is still consolidating below 0.9980. Today, the pair may reach 1.0000 and then start a new correction towards 0.9950. Later, the market may continue trading inside the uptrend with the short-term target at 1.0023.

USDCHF
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

USDJPY, “US Dollar vs Japanese Yen”

USDJPY has finished the descending wave along with the correction at 109.66. Possibly, today the pair may form a new descending structure to reach 109.50 and then start a new growth towards 109.86. If the instrument falls and breaks 109.20, the price may continue trading inside the downtrend with the target at 107.70.

USDJPY
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD is consolidating near the lows. If the instrument breaks this range to the upside, the price may be corrected to reach 0.7155; if to the downside – continue trading inside the downtrend with the short-term target at 0.7104 and then form one more ascending structure towards 0.7158.

AUDUSD
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

USDRUB, “US Dollar vs Russian Ruble”

USDRUB is consolidating above 66.61. Possibly, today the pair may grow to reach 66.75 and then start a new decline towards 65.91 to complete this wave. After that, the instrument may form a reversal pattern to start a new correction with the target at 67.67.

USDRUB
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

XAUUSD, “Gold vs US Dollar”

Gold has completed the ascending correctional structure at 1285.48. Today, the pair may start a new decline towards 1275.25. Later, the market may break this level and continue trading inside the downtrend with the short-term target at 1254.15.

GOLD
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

BRENT

Brent has completed the descending wave. Possibly, today the pair may grow to reach 61.87 and then fall towards 61.21, thus forming a new consolidation range. If the instrument breaks this range to the upside, the price may continue trading upwards with the target at 63.95; if to the downside – continue the correction towards 57.57.

BRENT
Risk Warning: the result of previous trading operations do not guarantee the same results in the future


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