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Forex Technical Analysis 27.08.2019 (EURUSD, GBPUSD, BRENT)

EURUSD, “Euro vs US Dollar”

EURUSD has reached the predicted target of the first descending wave. Possibly, today the pair may form a new consolidation range around 1.1102. Later, the market may grow towards 1.1110 and then start a new decline to reach 1.1100. If the price breaks this range to the downside at 1.1093, the instrument may continue trading inside the downtrend with the target at 1.1065; if to the upside at 1.1110 – start another correction towards 1.1132 and then resume trading downwards.

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 continues moving downwards. Today, the pair may reach 1.2230 and then form one more ascending structure towards 1.2243. After that, the instrument may fall to complete this descending wave at 1.2204 and then start a new growth with the target at 1.2323.

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 still consolidating around 0.9783. Possibly, the pair may fall towards 0.9774 and then form one more ascending structure with the predicted target at 0.9826.

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 correcting towards 105.33. After that, the instrument may start another growth to reach 105.82 and then form a new descending structure with the target at 105.23. Later, the market may resume trading upwards to reach 107.03.

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 correcting towards 0.6752. Possibly, the pair may fall to reach 0.6735 and then continue trading inside the uptrend with the target at 0.6815.

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 consolidating below 66.13. Possibly, today the pair may fall to break 65.65 and then continue trading inside the downtrend with the first target at 65.19.

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 is moving downwards. Today, the pair may reach 1.3224 and then grow towards 1.3275. After that, the instrument may form a new descending structure with the target at 1.3212.

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

XAUUSD, “Gold vs US Dollar”

Gold has finished the first descending impulse; right now, it is consolidating above 1526.82. Possibly, the pair may grow towards 1538.00. If the price breaks this range to the downside at 1526.00, the instrument may continue trading inside the downtrend with the target at 1508.40; if to the upside 1538.00 – start a new growth towards 1543.60.

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

BRENT

Brent is moving upwards to reach 59.23 and then may fall towards 58.85, thus forming a new consolidation range. If the price breaks this range to the downside, the instrument may continue the correction with the target at 58.50; if to the upside – start a new growth towards 59.90.

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 formed another consolidation range around 10274.15; right now, it is moving downwards. Possibly, today the pair may break 10150.00 and then continue trading inside the downtrend towards 9904.00. After that, the instrument may form one more ascending structure to return to 10150.00 and then resume trading downwards with the target at 9500.00.

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


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