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Forex Technical Analysis & Forecast 03.09.2020

EURUSD, “Euro vs US Dollar”

The currency pair keeps developing a wave of decline to 1.1800. After this level is reached, we expect growth to 1.1850. On these levels, a consolidation range may form. This range coincides with the breakaway level of the daily ascending channel. The breakaway of the channel opens a declining pathway to 1.1700.

Forex Technical Analysis & Forecast 03.09.2020 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”

The currency pair performed a decline to 1.3300 and corrected to 1.3357. Today, the market is declining towards 1.3248. Then we expect the wave of decline to be over and the price to return to 1.3357.

Forex Technical Analysis & Forecast 03.09.2020 GBPUSD
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

USDRUB, “US Dollar vs Russian Ruble”

The currency pair performed a structure of growth to 75.00. The market created a consolidation range around this level and escaped it upwards. We suggest expecting another wave of growth to 76.36 and the extension of the wave to 77.00.

Forex Technical Analysis & Forecast 03.09.2020 USDRUB
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

USDJPY, “US Dollar vs Japanese Yen”

The currency pair keeps developing a consolidation range around 106.06. It may grow further to 106.60 and then return to 106.06, testing the level from above. Then the pair may grow to 106.90.

Forex Technical Analysis & Forecast 03.09.2020 USDJPY
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

USDCHF, “US Dollar vs Swiss Franc”

The currency pair keeps developing a consolidation range above 0.9100. Upon escaping it upwards, the pair may start growing to 0.9199, later correcting to 0.9100. Then growth to 0.9250 may follow.

Forex Technical Analysis & Forecast 03.09.2020 USDCHF
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

AUDUSD, “Australian Dollar vs US Dollar”

The currency pair performed the first wave of decline to 0.7310 and a correction to 0.7337. On these levels, a consolidation range may form. If the price escapes the range upwards, it may then correct to 0.7357. If it breaks the range downwards, it may decline to 0.7267.

Forex Technical Analysis & Forecast 03.09.2020 AUDUSD
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

BRENT

Oil broke 42.25 downwards and suggests expecting a correction to 44.22. The goal is local. Then the pair may rise to 45.25, testing the level from below, and then decline to 43.75.

Forex Technical Analysis & Forecast 03.09.2020 BRENT
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

XAUUSD, “Gold vs US Dollar”

Gold performed a wave of decline to 1932.32 and corrected to 1948.33. At these levels, a consolidation range should form. If the price breaks the range upwards, it might correct to 1962.00. If it escapes it downwards, the trend may continue to 1920.00 and even 1900.00.

Forex Technical Analysis & Forecast 03.09.2020 GOLD
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

BTCUSD, “Bitcoin vs US Dollar”

The Bitcoin performed a wave of decline to 11200 and corrected to 11400. We expect a consolidation range to form at these levels. If the price escapes it upwards, it may further correct to 11600. If it escapes it downwards, the wave may continue to 10960.

 Forex Technical Analysis & Forecast 03.09.2020 BITCOIN
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

S&P 500

The stock index performed a wave of growth to 3590.0. Today, it is forming a consolidation range under this level. The price may spurt to 3600.0. As the main scenario, we expect a decline to 3530.7, and if this level is broken away as well, the wave may continue to 3477.7. The goal is first.

Forex Technical Analysis & Forecast 03.09.2020 S&P500
Risk Warning: the result of previous trading operations do not guarantee the same results in the future


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