Forex Technical Analysis & Forecast 10.01.2019 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)

10.01.2019

EURUSD, “Euro vs US Dollar”

EURUSD has reached its upside target; it has formed another consolidation range around 1.1538 and broken it upwards. Today, the pair may fall to return to 1.1538 and then form one more ascending structure towards 1.1555. If later the instrument breaks 1.1570 to the upside, the price may continue the correction and extend this wave towards 1.1700; if 1.1538 to the downside – resume falling with the target at 1.1500.

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 still consolidating above 1.2758. Possibly, today the pair may test this level from above and then continue growing with the target at 1.2810. After that, the instrument may be corrected towards 1.2705.

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 completed the descending wave. Today, the pair may grow towards 0.9745 and then resume falling to reach 0.9725. If later the instrument breaks this range to the upside, the price may form one more ascending structure towards 0.9820. The first target is at 0.9777.

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. Possibly, today the pair may fall with the short-term target at 107.40. Later, the market may start a new growth to reach 108.20 and then continue trading inside the downtrend with the first target at 117.25.

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 trading upwards. Today, the pair may reach 0.7212 and then resume falling to break 0.7122. After that, the instrument may continue trading inside the downtrend with the target at 0.7020.

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 trading downwards. Possibly, the pair may fall towards 66.50 and then start a new correction with the target at 67.27. Later, the market may break this level and continue growing to reach 68.14.

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 trading upwards. Possibly, the pair may reach 1303.30. Later, the market may fall towards 1291.70 and ten form one more ascending structure to reach 1295.90, thus forming a new consolidation range. If the instrument breaks this range to the downside, the price may start a new correction with the target at 1260.00.

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

BRENT

Brent has reached the short-term upside target. Today, the pair may reach 61.85. After that, the instrument may be corrected towards 59.50 and then continue growing with the first target at 63.60.

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.

Ask a question

Need any help? Click on the icon in the lower right corner of the page and get an answer to any your questions

Or enter your phone number in the form below and we will call you right away.

Call back
Ask a question