Forex Technical Analysis & Forecast 30.07.2019 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)

30.07.2019

EURUSD, “Euro vs US Dollar”

EURUSD is still consolidating around 1.1130; after reaching the range’s upside border, it is trading to reach 1.1111. If later the price breaks this range to the downside, the instrument may continue trading inside the downtrend to reach 1.1075; if to the upside – choose an alternative scenario and start a new correction with the target at 1.1182.

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 forming the third wave inside the downtrend; it has almost completed the wave, but taking into account that the price has broken 1.2240 without any corrections, it may continue trading inside the downtrend towards 1.2131. If the price forms consolidation ranges and breaks them to the downside, the instrument may boost its decline. Possibly, the pair may extend this descending wave down to 1.2055.

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 consolidating around 0.9920. Possibly, the pair may form a new descending structure to reach 0.9898. If the price breaks this range to the upside, the instrument may resume trading inside the uptrend towards 0.9950 or even the key target of the wave at 1.0000; if to the downside – choose an alternative scenario to start another correction towards 0.9850 and then form one more ascending structure with the target at 1.0000.

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 at the top. Today, the pair may fall to reach 108.30 and then start another growth towards 108.62. If later the price breaks this range to the downside, the instrument may form a new descending structure with the short-term target at 107.40.

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 has reached the short-term downside target at 0.6895; right now, it is consolidating near the lows. If the price breaks this range to the upside, the instrument may start a new correction towards 0.6075; if to the downside – continue trading downwards to reach 0.6872 and then start the above-mentioned correction with the target at 0.6975.

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 reached the short-term correctional target at 63.60. Possibly, today the pair may form a new descending structure towards 63.21 and then start a new growth 63.88.

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

XAUUSD, “Gold vs US Dollar”

After completing the descending impulse at 1422.22, Gold is moving upwards to reach 1425.60. If the price breaks this range to the upside, the instrument may form one more ascending structure with the short-term target at 1436.55.

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

BRENT

Brent is moving upwards. Today, the pair may reach 64.56. Later, the market may break this level to the upside and growth with the short-term target at 66.20. After that, the instrument may start a new decline with the first target at 66.60.

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

Attention!

Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.