Forex Technical Analysis & Forecast 05.08.2019 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)

August 5, 2019

Article By RoboForex.com

EURUSD, “Euro vs US Dollar”

After forming another consolidation range around 1.1090, EURUSD has broken it to the upside. Possibly, the pair may start a new correction with the target at 1.1155. Later, the market may continue trading inside the downtrend to reach 1.1000.

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 consolidating around 1.2139. Today, the pair may form a new descending structure towards 1.2107 and then start another growth to reach 1.2200. After that, the instrument may continue trading downwards with the short-term target at 1.2034.

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 has broken 0.9975 downwards. Possibly, the pair may be corrected to the downside with the target at 0.9777. After that, the instrument may form one more ascending structure to continue the uptrend and reach 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 has broken 107.20 downwards. Possibly, today the pair may continue trading inside the downtrend with the short-term target at 105.05. Later, the market may start a new growth to return to 107.20 and test it from below.

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 continues moving downwards. Possibly, the pair may reach the key downside target at 0.6738. After that, the instrument may start consolidating near the lows.

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 expanded the range up to 65.40 and almost reached the short-term correctional target. Today, the pair may form a new descending structure towards 64.15 and then start another growth with the target at 65.75.

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

XAUUSD, “Gold vs US Dollar”

Gold has broken the consolidation range to the downside and may grow 1459.60. Possibly, today the pair may fall to test 1445.60 from above and then grow to break 1455.00. After that, the instrument may continue trading inside the uptrend to reach the above-mentioned target.

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

BRENT

Brent is moving downwards and may reach 58.40. Today, the pair may consolidate around 62.40. Possibly, the pair may continue the correction towards 63.50. Later, the market may return to 62.40 and then form one more ascending structure to reach 64.90 and then continue trading downwards with the target at 58.40.

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.