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Forex Technical Analysis 16.08.2019 (EURUSD, GBPUSD, BRENT)

EURUSD, “Euro vs US Dollar”

EURUSD has reached another downside target at 1.1110; right now, it is consolidating above this level. According to the main scenario, the price may break this range to the downside and continue trading inside the downtrend to reach 1.1070. Later, the market may start a new consolidation range.

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 completed the correction at 1.2130; right now, it is still moving downwards. Possibly, the pair may fall to break 1.2040 and then continue trading inside the downtrend with the target at 1.1940.

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 broken 0.9766 and may continue trading inside the uptrend with the short-term target at 0.9830. After that, the instrument may start another correction to reach 0.9770.

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 around 106.08. Possibly, the pair may choose an alternative scenario to form a new descending structure to reach 105.40. According to the main scenario, the price is expected to start another growth to break 106.97 and then continue trading inside the uptrend with the target at 108.40.

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 upwards to break 0.6808. Later, the market may continue trading inside the uptrend with the short-term target at 0.6878.

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

USDRUB, “US Dollar vs Russian Ruble”

After forming a new consolidation range around 65.65, USDRUB has broken the range to the upside and reached 66.55. Today, the pair may fall to test 65.55 from above and then form one more ascending structure to reach 66.16. After that, the instrument may start a new decline with the target at 65.25.

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

USDCAD, “US Dollar vs Canadian Dollar”

USDCAD has reached the upside target at 1.3333; right now, it is consolidating around 1.3300. If later the price breaks this range to the upside, the instrument may continue trading inside the uptrend to reach the key target at 1.3434; if to the downside – start a new correction towards 1.3222 and then resume trading upwards.

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

XAUUSD, “Gold vs US Dollar”

Gold is forming a new consolidation range around 1516.16. If later the price breaks this range to the upside at 1525.90, the instrument may resume growing to reach 1534.75; if to the downside at 1515.00 – start another correction with the target at 1507.40 and then resume trading upwards.

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

BRENT

Brent is consolidating around 58.50. According to the main scenario, the price may break the range to the upside and grow with the target at 60.90. However, the pair may choose an alternative scenario to update the low at 57.57 and then continue trading inside the uptrend with the short-term target at 63.63.

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

BTCUSD, “Bitcoin vs US Dollar”

BTCUSD has completed the ascending wave at 10333.00; right now, it is moving downwards to reach 9888.00. Later, the market may form one more ascending structure towards 10165.00 and then start a new decline with the target at 9410.00.

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


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