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Forex Technical Analysis 29.07.2019 (USDJPY, AUDUSD, GOLD)

EURUSD, “Euro vs US Dollar”

EURUSD is consolidating around 1.1131. Today, the pair may continue trading downwards to break 1.1110 and then reach the short-term target at 1.1075.

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”

After forming another consolidation range around 1.2376 and breaking it downwards, GBPUSD is still trading downwards with the short-term target at 1.2335. Later, the market may start a new correction to reach 1.2400 and then continue trading inside the downtrend towards 1.2296.

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 continues moving upwards. Possibly, today the pair may break 0.9944. The key upside target is at 1.0000. After that, the instrument may start another correction towards 0.9900.

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 formed another consolidation range around 108.68; right now, it is trading to break it to the downside and reach 108.38. After that, the instrument may return to 108.68 and then form a new descending structure to break 108.37. Later, the market may continue trading downwards with the first target at 107.95.

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 moving to reach 0.6897. Later, the market may be corrected towards 0.6970 and then continue trading inside the downtrend with the first target at 0.6870.

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 broken 63.35 upwards and may continue the correction with the short-term target at 63.60. After that, the instrument may start a new decline towards 63.35 and then form one more ascending structure to reach 63.88.

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 above 1414.30. Possibly, the pair may fall to break 1412.00 and then continue trading downwards with the short-term target at 1404.04.

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

BRENT

Brent is consolidating above 62.98. If later the price breaks this level to the downside, the instrument may start another decline to reach 61.20. However, if the pair breaks 64.00 upwards, the market may resume trading inside the uptrend with the short-term target at 66.60.

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


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