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Forex Technical Analysis 11.02.2019 (EURUSD, GBPUSD, USDCHF)

EURUSD, “Euro vs US Dollar”

EURUSD is still trading downwards; right now, it is forming another consolidation range near the lows. Possibly, today the pair may reach 1.1313 and then resume growing to break 1.1338. Later, the market may break this level and then continue trading upwards with the first target at 1.1365.

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 consolidating around 1.2937. Today, the pair may fall to reach 1.2903 and then form one more ascending structure with the target at 1.2953. After that, the instrument may start a new decline towards 1.2883.

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 reached the key upside target; right now, it is quickly falling towards 0.9970. Later, the market may start a new correction with the target at 1.0010.

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 the Flag correctional pattern; right now, it is expanding the consolidation range upwards. According to the main scenario, the pair is expected to fall with the target at 109.50. After that, the instrument may start a new growth towards 110.30.

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 the ascending correction. Today, the pair may form a new descending structure towards 0.7080. If later the instrument breaks 0.7115 to the upside, the price may continue the correction to reach 0.7137; if 0.7080 to the downside – resume trading inside the downtrend with the target at 0.7044.

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 has returned to 65.78. Possibly, today the pair may form one more ascending structure to reach 66.37. Later, the market may 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 moving downwards. Today, the pair may reach 1308.15. After that, the instrument may break this level and then continue trading inside the downtrend with the short-term target at 1299.44.

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

BRENT

Brent is trading downwards as well; in fact, it is forming the Flag correctional pattern. Possibly, today the pair may form the fifth structure of the pattern with the target at 60.45. Later, the market may continue trading upwards towards the key 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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