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Forex Technical Analysis 30.01.2020 (USDJPY, AUDUSD, BTCUSD)

EURUSD, “Euro vs US Dollar”

EURUSD is forming a wide consolidation range around 1.1010; by now, it has completed two ascending impulses from the low at 1.0990. Possibly, today the pair may form the third impulse to reach Triangle’s upside border at 1.1028. Later, the market may start a new correction with the target at 1.1005.

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 is consolidating around 1.3016. Possibly, the pair may expand the range up to 1.3080 and then form a new descending structure to break 1.2971. After that, the instrument may continue falling with the target at 1.2905.

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 falling towards 0.9710. Later, the market may form one more ascending structure to reach 0.9740.

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 109.98. Possibly, today the pair may expand the range down to 108.72. If later the price breaks this range to the upside, the market may start another correction to reach 109.57; if to the downside – continue falling inside the downtrend with the target at 108.27.

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 consolidating around 0.6755. Today, the pair may expand the range down to 0.6727 and then start another growth towards 0.6800. After that, the instrument may resume trading downwards with the target at 0.6660.

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 corrected the second descending impulse. According to the main scenario, the price is expected to form the third impulse to reach 62.00 and then resume trading upwards with the target at 62.60.

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 consolidating around 1.3197. Today, the pair may expand the range up to 1.3211 and then form a new descending structure to break 1.3182. Later, the market may continue trading downwards with the first target at 1.3140.

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

XAUUSD, “Gold vs US Dollar”

After finishing the ascending wave at 1577.23, Gold is forming another consolidation range around this level. If later the price breaks this range to the upside, the market may form one more ascending structure to reach 1585.90; if to the downside – resume falling to break 1568.57 and then continue trading inside the downtrend with the target at 1551.50.

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

BRENT

After finishing the correction towards 58.65, Brent is forming a new consolidation range near the lows. If later the price breaks this range to the upside, the market may form one more ascending structure to break 59.95 and then continue trading upwards with the short-term target at 61.20.

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 reached 9150.00. The main scenario implies that the pair may form one more ascending structure towards 9500.00 and then start a new correction to break 8500.00. After that, the instrument may continue falling with the target at 7700.00.

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


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