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Forex Technical Analysis 29.04.2019 (EURUSD, GBPUSD, USDCHF)

EURUSD, “Euro vs US Dollar”

After reaching the target at 1.1111, EURUSD had formed the ascending impulse and may start a new correction towards 1.1190. Possibly, today the pair may fall to reach 1.1128 and then start another growth towards 1.1160. If later the price breaks range to the upside, the instrument may continue the correction to reach 1.1190; if to the downside – resume trading inside the downtrend with the target at 1.1050.

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 1.2962. Today, the pair may test this level from below, rebound from it to break the lows, and then form a new descending structure with the target at 1.2783. However, if the price breaks range to the upside, the instrument may start a new correction to reach 1.3015.

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 consolidating above 1.0165. Possibly, today the pair may fall to reach 1.0178 and then form one more ascending structure towards 1.0207. If later the price breaks range to the upside, the instrument may resume trading inside the uptrend to reach 1.0293; if to the downside – continue the correction with the target at 1.0130.

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 consolidating above 111.44. Today, the pair may break this level. The short-term downside target is at 110.87. Later, the market may form one more ascending structure to return to 111.44.

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 trading upwards to reach 0.7072. After that, the instrument may start another decline to beak 0.7000 and then continue trading inside the downtrend with the target at 0.6932.

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 around 64.67. According to the main scenario, the price is expected to resume trading inside the downtrend to reach 63.66. Later, the market may break this level and then continue falling with the short-term target at 62.77.

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 almost completed the correction; right now, it is consolidating at the top. Possibly, the pair may grow to reach 1289.05 and then form one more ascending structure towards 1281.28. If later the price breaks range to the downside, the instrument may resume trading inside the downtrend with the short-term target at 1260.00; if to the upside – continue the correction towards 1296.27.

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

BRENT

Brent has finished the correctional structure at 71.20; right now, it is consolidating near the lows. If later the price breaks range to the downside, the instrument may continue the correction to reach 70.25; if to the upside – resume trading inside the uptrend with the target at 73.40.

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


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