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Forex Technical Analysis 06.02.2019 (EURUSD, GBPUSD, USDCHF)

EURUSD, “Euro vs US Dollar”

After failing to break the consolidation range upwards and fix above it, EURUSD has broken the range downwards, expanded it, and updated the low. Possibly, the pair may extend this wave towards 1.1347. Today, the price may break form a new descending structure towards 1.1378 and then resume growing with the target at 1.1405. Later, the market may start a new decline to return to 1.1347.

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”

After forming the consolidation range around 1.3034, GBPUSD has broken it downwards and may extend the current wave down to 1.2852. Possibly, today the pair may reach 1.2090 and then form one more ascending structure towards 1.2968. After that, the instrument may resume falling with the target at 1.2852.

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 has rebounded from 0.9985 upwards; right now, it is trading upwards to reach 1.0003. Later, the market may form a new descending structure towards 0.9994 and then resume trading inside the uptrend to break 1.0022. After that, the instrument may continue growing with the short-term target at 1.0053.

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 broken its consolidation range downwards and reached the short-term downside target; right now, it is trading to return to 109.83. After that, the instrument may form a new descending structure with the target at 109.50.

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 failed to continue its ascending wave; is has broken 0.7200 downwards and right now is still falling with the target at 0.7125. Today, the pair may reach it and then start a new growth towards 0.7184, at least. Later, the market may resume falling to reach 0.7076.

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 near the lows and forming the first ascending impulse towards 65.78. Later, the market may start a new decline to reach 65.46. If the instrument breaks this range to the upside, the price may resume growing to reach 66.37; if to the downside – continue trading inside the downtrend with the short-term target at 62.90.

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 consolidating above 1310.40. If later the instrument breaks this range to the downside, the price may resume falling towards 1298.02; if to the upside – start a new growth with the target at 1321.37.

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

BRENT

Brent is still consolidating around 62.62; right now, it is trading close to the downside border. Today, the pair may grow to break 63.00 and then continue trading upwards with the key upside target at 63.95.

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


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