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Forex Technical Analysis 30.05.2019 (USDJPY, AUDUSD, GOLD)

EURUSD, “Euro vs US Dollar”

After breaking its consolidation range downwards, EURUSD has reached the predicted downside target without any corrections; right now, it is trading upwards with the first target at 1.1145. After that, the instrument may form a new descending structure to reach 1.1115 and then start another correction with the target at 1.1165.

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 still moving downwards. Today, the pair may reach 1.2588 and then form one more ascending structure towards 1.2666. Later, the market may resume trading inside the downtrend with the target at 1.2545 and then start a new correction to reach 1.2855.

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 completed another ascending impulse; right now, it is consolidating around 1.0074. If later the price breaks this range to the upside, the instrument may resume trading upwards to break 1.0098 and then continue trading inside the uptrend with the target at 1.0120.

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 still consolidating around 109.42 without any particular direction. Possibly, today the pair may trade towards the upside border at 109.73 and then return to the downside one at 109.13. If later the price breaks this range to the upside, the instrument may be corrected to reach 109.99; if to the downside – resume trading inside the downtrend with the short-term target at 108.50.

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 is being corrected towards 0.6954 and then may fall to reach 0.6900, thus forming a new consolidation range between these two levels. If later the price breaks this range to the downside, the instrument may resume trading inside the downtrend with the target at 0.6800; if to the upside – continue the correction towards 0.7000 and then start another decline to reach the above-mentioned target.

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

USDRUB, “US Dollar vs Russian Ruble”

With a gap to the upside, USDRUB has broken 64.80 and formed another ascending structure at 65.30. In fact, the price may continue the correction with the target at 65.55. Possibly, today the pair may start a new decline to test 64.80 and then resume trading upwards to reach the above-mentioned target. Later, the market may resume trading inside the downtrend with the first target at 63.90.

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

XAUUSD, “Gold vs US Dollar”

Gold has rebounded from 1284.30; right now, it is still moving downwards with the short-term target at 1275.75. After that, the instrument may form one more ascending structure to reach 1280.40 and then start a new decline towards 1273.90.

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

BRENT

Brent has completed the ascending impulse at 69.05 upwards; right now, it is consolidating below this level. Possibly, the pair may grow to reach 69.45 and then return to test 69.05 from above. Later, the market may form one more ascending structure towards 70.50. The predicted upside target is at 73.33.

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


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