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Forex Technical Analysis 25.01.2019 (EURUSD, GBPUSD, USDCHF)

EURUSD, “Euro vs US Dollar”

EURUSD is moving according to the main scenario; it has completed the descending wave at 1.1300 along with the first correctional impulse towards 1.1320. Possibly, the pair may fall towards 1.1307, thus forming a new consolidation range. If the instrument breaks this range to the upside, the price may continue the correction up to 1.1348; if to the downside –continue trading inside the downtrend with the short-term target at 1.1245. The key target of this wave is at 1.1190.

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 is about to finish the ascending wave at1.3131. Possibly, today the pair may form a reversal pattern at the current highs and start a new descending structure to reach 1.3000. After that, the instrument may resume growing towards 1.3070 and then start a new decline with the first target at 1.2892.

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 forming the first ascending impulse with the target at 0.986. Later, the market may form a new descending structure to reach 0.9962 and then continue trading inside the uptrend with the short-term target at 1.0000.

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 is forming another ascending wave; it has broken 109.75 upwards. Today, the pair may reach 109.99 and then return to 109.75. After that, the instrument may form one more ascending structure with the short-term target at 110.10.

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 has completed another descending wave; right now, it is consolidating near the lows and forming the divergent Triangle pattern. Possibly, today the pair may start a new growth with the target at 0.7134 and then continue trading inside the downtrend towards 0.7030.

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 still trading downwards. Possibly, the pair may extend the structure to reach 65.45 and then form one more ascending structure with the target at 66.36. Later, the market may continue trading inside the downtrend towards 62.25.

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

XAUUSD, “Gold vs US Dollar”

Gold is still moving downwards. Today, the pair may reach 1275.00 and then start a new growth to test 1285.50 from below. After that, the instrument may form a new descending structure with the target at 1265.50.

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

BRENT

Brent has rebounded from 60.27 and may form one more ascending structure with the target at 62.11. Possibly, today the pair may fall to reach 61.16 and then grow towards the above-mentioned target. In fact, the market is forming a wide consolidation range. If the instrument breaks this range to the upside, the price may expand the structure up to 63.95; if to the downside – start a new correction with the target at 57.57.

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


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