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Forex Technical Analysis & Forecast 30.07.2020

EURUSD, “Euro vs US Dollar”

EURUSD is consolidating around 1.1755; after expanding the range up to 1.1800, it has returned to 1.1755. Possibly, the pair may rebound from this level to the upside again and then expand the range up to 1.1822 to complete this ascending wave. Later, the market may resume trading downwards with the first target at 1.1700.

Forex Technical Analysis & Forecast 30.07.2020 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 1.2965; after expanding the range up to 1.3000, it has returned to 1.2965. Today, the pair may form one more ascending structure towards 1.3016 to complete this wave. After that, the instrument may start a new decline with the first target at 1.2900.

Forex Technical Analysis & Forecast 30.07.2020 GBPUSD
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 moving around 72.55. Possibly, today the pair may grow towards 72.80 and finish this ascending wave. Later, the market may form a new descending structure with the first target at 71.60.

Forex Technical Analysis & Forecast 30.07.2020 USDRUB
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

USDJPY, “US Dollar vs Japanese Yen”

After finishing the descending structure at 104.80 and then returning to 105.00, USDJPY has formed another consolidation range around the latter level; right now, it is moving not far from its upside border. Possibly, the pair may expand the range down to 104.66 and then start a new growth to reach 105.30. If later the price breaks this range to the upside, the market may resume trading upwards with the target at 105.66 or even 106.20.

Forex Technical Analysis & Forecast 30.07.2020 USDJPY
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 0.9147. Today, the pair may start another decline to reach 0.9100 and then resume trading upwards to break 0.9177. After that, the instrument may continue growing with the target at 0.9220.

Forex Technical Analysis & Forecast 30.07.2020 USDCHF
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 0.7155. Possibly, the pair may expand the range up to 0.7222 and then start a new decline to break 0.7070. After that, the instrument may continue trading downwards with the target at 0.7000.

Forex Technical Analysis & Forecast 30.07.2020 AUDUSD
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

BRENT

Brent is forming another ascending impulse towards 44.30. Possibly, today the pair may break this level to the upside and then continue trading upwards with the target at 45.20. Later, the market may correct to reach 44.40 and then resume trading upwards with the short-term target at 45.80.

Forex Technical Analysis & Forecast 30.07.2020 BRENT
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

XAUUSD, “Gold vs US Dollar”

After completing another ascending wave at 1980.40, Gold is moving downwards to reach 1941.30 and may later reach 1960.50, thus forming a new consolidation range around 1941.30. if the price breaks this range to the downside, the instrument may form a new descending structure with the target at 1900.90 and then start another growth to return to 1941.30.

Forex Technical Analysis & Forecast 30.07.2020 GOLD
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

BTCUSD, “Bitcoin vs US Dollar”

BTCUSD is consolidating around 11000.00. Possibly, the asset may fall to break 10700.00 and then continue trading downwards with the short-term target at 10000.00. Later, the market may form one more ascending structure to return to 10700.00.

Forex Technical Analysis & Forecast 30.07.2020 BITCOIN
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

S&P 500

After forming one more ascending structure at 3264.8, the S&P 500 Index is falling to break 3222.2. After that, the instrument may continue trading downwards with the short-term target at 3135.2.

Forex Technical Analysis & Forecast 30.07.2020 S&P 500
Risk Warning: the result of previous trading operations do not guarantee the same results in the future


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