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Forex Technical Analysis 10.07.2019 (EURUSD, GBPUSD, BRENT)

EURUSD, “Euro vs US Dollar”

After finishing another descending structure, EURUSD has completed the ascending impulse along with the correction, thus forming a new consolidation range between 1.1213 and 1.1199. If later the price breaks the range to the downside, the instrument may continue trading downwards to reach 1.1181; if to the upside – start a new correction with the target at 1.1239.

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 downside target; right now, it is consolidating near the lows. Possibly, the pair may expand the range towards 1.2430 and then grow to reach 1.2475. If later the price breaks this range to the upside, the instrument may be corrected towards 1.2615; if to the downside – resume trading inside the downtrend with the target at 1.2413.

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 around 0.9922. If later the price breaks this range to the upside, the instrument may resume trading inside the uptrend towards 0.9999; if to the downside – start another correction with the target at 0.9850.

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 108.85. Possibly, today the pair may form one more ascending structure to reach 109.05 and then start a new decline with the target at 108.55.

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 finished the downside target; right now, it is consolidating around 0.6930. If later the price breaks this range to the downside, the instrument may resume trading inside the downtrend with the short-term target at 0.6868; if to the upside – start another to reach 0.6960.

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 still consolidating around 63.43 without any particular direction. Today, the pair may break the range to the upside to reach the short-term target at 64.06 and then form a new descending structure to return to 63.43. Later, the market may start a new growth towards 64.40 and then continue trading downwards with the target at 60.00.

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 1390.30. Possibly, today the pair may form a new descending structure with the first target at 1372.50 and then start another growth to test 1405.20 from below. After that, the instrument may resume trading inside the downtrend with the short-term target at 1350.00.

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

BRENT

Brent is trading to break 64.90 upwards. Possibly, the pair may grow with the short-term target at 66.70 and then start a new correction towards 65.00. Later, the market may continue trading upwards with the first target at 67.50.

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


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