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Forex Technical Analysis 05.07.2019 (USDJPY, AUDUSD, GOLD)

EURUSD, “Euro vs US Dollar”

EURUSD is still consolidating around 1.1281. Possibly, today the pair may fall with the short-term target at 1.1242 and then start another growth towards 1.1313.

EURUSD_technical-05072019
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 1.2586 without any particular direction. Today, the pair may fall to break 1.2555 and continue trading downwards with the target at 1.2525.

GBPUSD_technical-05072019
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 above 0.9842. If later the price breaks 0.9875 to the upside, the instrument may resume trading inside the uptrend towards 0.9905; if to the downside – continue the correction to reach 0.9800 and then form one more ascending structure with the short-term target at 0.9950.

USDCHF_technical-05072019
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 trading upwards. Possibly, the pair may break 107.87 and then grow with the short-term target at 108.17. After that, the instrument may form a new descending structure towards 107.87 and then form continue trading upwards to reach 108.85.

USDJPY_technical-05072019
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

AUDUSD, “Australian Dollar vs US Dollar”

After forming the consolidation range around 0.7027, AUDUSD may break it. If later the price breaks the range to the downside, the instrument may start a new decline towards 0.7007; if to the upside – grow to break 0.7040 and then continue trading upwards with the target at 0.7077.

AUDUSD_technical-05072019
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 still consolidating around 63.40. Possibly, the pair may break it to the upside and continue forming the third rising wave with the short-term target at 64.10. After that, the instrument may start another decline towards 63.60 and then continue trading upwards to reach 64.40.

USDRUB_technical-05072019
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

XAUUSD, “Gold vs US Dollar”

Gold has returned to 1420.00; right now, it is trading downwards. Possibly, today the pair may form the fifth descending structure with the first target at 1401.70. Later, the market may start a new correction to return to 1420.00.

GOLD_technical-05072019
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

BRENT

Brent is consolidating around 63.43. Today, the pair may trade upwards to reach 64.86. After that, the instrument may fall towards 62.00 and then form one more ascending structure with the first target at 67.00.

BRENT_technical-05072019
Risk Warning: the result of previous trading operations do not guarantee the same results in the future


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