Forex Technical Analysis & Forecast 12.08.2019 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)

August 12, 2019

Article By RoboForex.com

EURUSD, “Euro vs US Dollar”

EURUSD is still consolidating around 1.1197. Possibly, the pair may grow to reach 1.1222 (an alternative scenario). According to the mains scenario, the price is expected to fall to break 1.1185 and then continue trading downwards with the short-term target at 1.1130.

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 has completed another descending structure at 1.2015. Possibly, today the pair may form one more ascending structure towards 1.2050 and then resume trading downwards with the short-term target at 1.1955.

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 still consolidating. Today, the pair may grow to break 0.9752 and then continue moving upwards with the target at 0.9797.

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 moving downwards. Possibly, the pair may fall to reach 105.10 and then grow towards 105.55. After that, the instrument may start a new decline with the target at 104.85.

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 is being corrected and forming Flag pattern. Possibly, today the pair may form a new ascending structure to reach 0.6808 and then start another decline towards 0.6760. After that, the instrument may resume trading upwards with the short-term target at 0.6868.

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 consolidating below 65.30. Possibly, today the pair may grow towards 65.75 and then resume trading downwards with the target at 64.80.

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 being corrected and forming Flag pattern. Today, the pair may fall to reach 1489.00 and then form one more ascending structure towards 1508.00. Later, the market may start a new decline to reach 1486.60 and then resume trading upwards with the target at 1516.60.

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

BRENT

Brent is forming the third ascending wave with the target at 60.12. After that, the instrument may be corrected towards 58/40 and then continue trading upwards with the first target at 61.00.

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.