rfxsignals April 14, 2020 No Comments

Forex Technical Analysis & Forecast 13.04.2020

13.04.2020

EURUSD, “Euro vs US Dollar”

After finishing the first descending impulse at 1.0923, EURUSD is correcting. Possibly, the pair may reach 1.0940 and then form a new descending structure to break 1.0920. Later, the market may continue falling with the short-term target at 1.0907. After that, the instrument may start another growth towards 1.0923 and then resume moving inside the downtrend with the first target at 1.0892.

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 consolidating near the upside border of the range. Possibly, today the pair may fall towards 1.2168 and then form one more ascending structure to reach 1.2310. Later, the market may fall to break 1.2160 and then continue trading downwards with the target at 1.1777.

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 consolidating around 0.9660. Today, the pair may expand the range up to 0.9686 and then fall to return to 0.9660. If later the price breaks this range to the upside, the market may resume growing to reach 0.9700; if to the downside – choose an alternative scenario and extend this descending wave towards 0.9600.

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 108.22; right now, it is still trading downwards to reach 107.30. Later, the market may return to 108.22 to test it from below and then start another decline with the short-term target at 106.92.

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 moving upwards. Possibly, the pair may extend the wave up to 0.6382. After that, the instrument may resume trading downwards with the first target at 0.6180.

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 continues falling towards 70.50. Later, the market may start a new correction to reach 74.40 and then resume trading downwards with the target at 69.50.

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 consolidating to break 1.3960 downwards. Possibly, the pair may fall with the short-term target at 1.3830. After that, the instrument may grow to test 1.3960 from below and then continue trading downwards with the target at 1.3800.

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

XAUUSD, “Gold vs US Dollar”

Gold continues consolidating around 1681.00. Today, the pair may fall to break 1672.00. The first downside target is at 1660.60.

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

BRENT

Brent is growing towards 32.40. Later, the market may form a new descending structure to reach 29.40 and then grow to return to 32.40, thus forming a new consolidation range between these two levels.

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

BTCUSD, “Bitcoin vs US Dollar”

BTCUSD has completed the descending wave at 6600.00. Today, the pair may grow towards 7000.00, thus forming a new consolidation range between these two levels. If later the price breaks this range to the upside, the market may grow to reach 7550.00; if to the downside – resume trading downwards with the short-term target at 6000.00.

BITCOIN