rfxsignals July 30, 2019 No Comments
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EURUSD, “Euro vs US Dollar”

EURUSD is still consolidating around 1.1130; after reaching the range’s upside border, it is trading to reach 1.1111. If later the price breaks this range to the downside, the instrument may continue trading inside the downtrend to reach 1.1075; if to the upside – choose an alternative scenario and start a new correction with the target at 1.1182.

EURUSD

GBPUSD, “Great Britain Pound vs US Dollar”

GBPUSD is forming the third wave inside the downtrend; it has almost completed the wave, but taking into account that the price has broken 1.2240 without any corrections, it may continue trading inside the downtrend towards 1.2131. If the price forms consolidation ranges and breaks them to the downside, the instrument may boost its decline. Possibly, the pair may extend this descending wave down to 1.2055.

GBPUSD

USDCHF, “US Dollar vs Swiss Franc”

USDCHF is consolidating around 0.9920. Possibly, the pair may form a new descending structure to reach 0.9898. If the price breaks this range to the upside, the instrument may resume trading inside the uptrend towards 0.9950 or even the key target of the wave at 1.0000; if to the downside – choose an alternative scenario to start another correction towards 0.9850 and then form one more ascending structure with the target at 1.0000.

USDCHF

USDJPY, “US Dollar vs Japanese Yen”

USDJPY is still consolidating at the top. Today, the pair may fall to reach 108.30 and then start another growth towards 108.62. If later the price breaks this range to the downside, the instrument may form a new descending structure with the short-term target at 107.40.

USDJPY

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD has reached the short-term downside target at 0.6895; right now, it is consolidating near the lows. If the price breaks this range to the upside, the instrument may start a new correction towards 0.6075; if to the downside – continue trading downwards to reach 0.6872 and then start the above-mentioned correction with the target at 0.6975.

AUDUSD

USDRUB, “US Dollar vs Russian Ruble”

USDRUB has reached the short-term correctional target at 63.60. Possibly, today the pair may form a new descending structure towards 63.21 and then start a new growth 63.88.

USDRUB

XAUUSD, “Gold vs US Dollar”

After completing the descending impulse at 1422.22, Gold is moving upwards to reach 1425.60. If the price breaks this range to the upside, the instrument may form one more ascending structure with the short-term target at 1436.55.

GOLD

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