Forex Technical Analysis & Forecast 14.01.2019 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)

January 14, 2019

Article By RoboForex.com

EURUSD, “Euro vs US Dollar”

EURUSD has rebounded from 1.1537 and reached the predicted downside target at 1.1461; right now, it is consolidating above the latter level. Today, the pair may move downwards to reach 1.1440. Later, the market may grow to return to 1.1461 and then form a new descending structure with the target at 1.1386. This structure may be considered as the third descending wave.

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”


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GBPUSD is still consolidating above 1.2758. Possibly, today the pair may fall to reach 1.2787 and then grow towards 1.2825. After that, the instrument may continue consolidating and form a new descending structure with the target at 1.2725.

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 at the top. Today, the pair may reach 0.9862 and then fall towards 0.9791. Later, the market may form one more ascending structure to return to 0.9862, break it, and then continue growing with the target at 0.9920.

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 trading downwards to reach 107.51. After that, the instrument may start a new growth towards 109.31 and then form a new descending structure to return to 107.51, break it, and then continue trading inside the downtrend with the target at 105.95.

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 completed the descending impulse along with the correction; right now, it is forming the second descending impulse with the target at 0.7129. Later, the market may resume growing towards 0.7186 and then start a new decline to reach 0.7022.

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 still trading around 66.98. Possibly, today the pair may expand the range towards 67.32. After that, the instrument may resume falling to reach 66.50 and then start a new correction with the target at 68.13.

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

XAUUSD, “Gold vs US Dollar”

Gold is still consolidating at the top. Possibly, the pair may expand the range towards 1297.60 and then resume falling to reach 1282.22. Later, the market may form one more ascending structure to reach 1300.00 and then start a new decline with the target at 1276.50.

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

BRENT

Brent has finished the first descending impulse along with the correction; right now, it is forming the second impulse with the target at 58.86. After that, the instrument may reach 60.06 and then form a new descending structure towards 57.66. Later, the market may resume growing with the target at 64.34.

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

Article By RoboForex.com

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