Forex Technical Analysis & Forecast 28.08.2019 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, USDCAD, GOLD, BRENT, BTCUSD)

28.08.2019

EURUSD, “Euro vs US Dollar”

EURUSD has completed the correction at 1.1114; right now, it is moving downwards to reach 1.1077. Later, the market may start a new correction to return to 1.1114 and then continue trading inside the downtrend with the target at 1.1066.

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 has broken 1.2267 upwards; right now, it is consolidating above this level. Possibly, the pair may form one more ascending structure towards 1.2323 and then start another decline with the target at 1.2194.

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

USDCHF, “US Dollar vs Swiss Franc”

After finishing the ascending wave at 0.9834, USDCHF has formed a new descending impulse; right now, it is correcting towards 0.9826. After that, the instrument may resume trading downwards with the target at 0.9750.

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 consolidating above 105.67. Possibly, the pair may form a new descending structure to reach 105.52. Later, the market may resume trading upwards to reach 107.07.

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 correction in the form of Flag at 0.6737. Possibly, today the pair may form a new descending structure to reach 0.6767, thus forming a new consolidation range. If the price breaks this range to the downside, the instrument may continue the correction with the target at 0.6720; if to the upside – start a new growth towards 0.6815.

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 almost completed the ascending wave. Today, the pair may form a new consolidation range above 66.28. If the price breaks this range to the downside, the instrument may start a new decline with the first target at 65.98.

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

USDCAD, “US Dollar vs Canadian Dollar”

USDCAD is moving upwards. Today, the pair may form a new consolidation range above 1.3292. After that, the instrument may break this range to the upside and grow towards 1.3361. Later, the market may form a new descending structure with the target at 1.3300 and then resume trading upwards to reach 1.3434 at least.

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

XAUUSD, “Gold vs US Dollar”

After finishing the correction at 1545.00, Gold has completed the descending impulse towards 1533.40. Possibly, today the pair may form a new consolidation range above the latter level. If the price breaks this range to the upside, the instrument may start a new growth to return to 1545.00; if to the downside – resume trading inside the downtrend to break 1523.00 and then continue moving downwards with the target at 1502.00.

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

BRENT

Brent has reached 59.90; right now, it is consolidating below this level. Possibly, the pair may start a new correction towards 59.40 and then form one more ascending structure with the first target at 60.40.

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

BTCUSD, “Bitcoin vs US Dollar”

BTCUSD is moving downwards with the target at 9900.00. After that, the instrument may be corrected towards 10270.00 and then resume trading downwards with the predicted target at 9500.00.

BTCUSD
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.