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Forex Technical Analysis 23.04.2019 (EURUSD, GBPUSD, USDCHF)

EURUSD, “Euro vs US Dollar”

EURUSD has completed the first descending impulse; right now, it is being corrected. Today, the pair may fall to reach 1.1257 and then form a new descending structure to break the low of the first impulse. The target is at 1.1229.

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 reached the short-term downside target; right now, it is trading upwards to reach 1.3006. After that, the instrument may start a new decline towards 1.2992 and then continue the correction with the target at 1.3048. Later, the market may resume trading inside the downtrend to reach 1.2950.

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; it has expanded the range towards 1.0164. Today, the pair may fall to reach 1.0128 and then form one more ascending structure towards 1.0144. If later the price breaks range to the downside, the instrument may start another correction to reach 1.0085; if to the upside – continue trading inside the uptrend with the target at 1.0250.

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 reached the first downside target; right now, it is growing towards 111.94, thus forming a new consolidation range. If later the price breaks the low of the first impulse, the instrument may continue falling with the short-term target 111.36.

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 descending structure. Possibly, today the pair may start a new correction with the target at 0.7164 and then resume trading downwards to break 0.7118. Later, the market may continue trading inside the downtrend with the short-term target 0.7077.

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 reached another downside target. Today, the pair may start another correction towards 64.04 and then resume trading inside the downtrend with the target at 63.40.

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 around 1275.50 near the lows. Possibly, the pair may fall towards 1267.83 and then start a new correction with the target at 1289.10. After that, the instrument may resume trading inside the downtrend to reach 1260.00.

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

BRENT

Brent is consolidating near the upside border of the range. Possibly, today the pair may form a new descending structure to reach 73.05 and then resume trading upwards with the target at 73.73. If later the price breaks range to the downside, the instrument may be corrected to reach 72.00; if to the upside – continue trading inside the uptrend with the target at 75.05.

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


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