{"id":169628,"date":"2020-04-29T09:15:46","date_gmt":"2020-04-29T13:15:46","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=169628"},"modified":"2020-04-29T08:02:13","modified_gmt":"2020-04-29T12:02:13","slug":"forex-technical-analysis-forecast-29-04-2020","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2020\/04\/forex-technical-analysis-forecast-29-04-2020\/","title":{"rendered":"Forex Technical Analysis & Forecast 29.04.2020"},"content":{"rendered":"
April 29, 2020<\/div>
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Article By RoboForex.com<\/u><\/a><\/strong><\/p>\n

EURUSD, \u201cEuro vs US Dollar\u201d<\/strong><\/p>\n

After completing another ascending structure from 1.0810 towards 1.0888, EURUSD may try to update 1.0915. According to the main scenario, the price is expected to return to 1.0810 and break it to the downside. After that, the instrument may continue trading inside the downtrend with the short-term target at 1.0766.<\/p>\n

\"EURUSD\"
\n\"Risk<\/p>\n

GBPUSD, \u201cGreat Britain Pound vs US Dollar\u201d<\/strong><\/p>\n

After finishing the first descending impulse at 1.2420, GBPUSD is correcting towards 1.2483. Later, the market may start a new decline to break 1.2410 and then continue falling with the short-term target at 1.2343.<\/p>\n

\"GBPUSD\"
\n\"Risk<\/p>\n

USDRUB, \u201cUS Dollar vs Russian Ruble\u201d<\/strong><\/p>

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USDRUB is consolidating above 74.00 without any particular direction. If later the price breaks this range to the upside at 74.80, the market may start another correction to reach 75.75; if to the downside at 74.00 \u2013 resume trading downwards with the short-term target at 71.30.<\/p>\n

\"USDRUB\"
\n\"Risk<\/p>\n

USDJPY, \u201cUS Dollar vs Japanese Yen\u201d<\/strong><\/p>\n

After completing the descending structure at 106.66, USDJPY is consolidating around this level. Today, the pair may expand the range down to 106.00 and then grow towards 106.90. If later the price breaks this range to the upside, the market may form one more ascending structure to reach 107.42; if to the downside \u2013 extend the descending wave towards 105.50.<\/p>\n

\"USDJPY\"
\n\"Risk<\/p>\n

USDCHF, \u201cUS Dollar vs Swiss Franc\u201d<\/strong><\/p>\n

USDCHF is consolidating above 0.9722. The main scenario implies that the price may form one more ascending wave to break 0.9757 and then continue trading upwards with the short-term target at 0.9790. However, if the pair breaks 0.9700 to the downside, the instrument may continue the correction to reach 0.9670.<\/p>\n

\"USDCHF\"
\n\"Risk<\/p>\n

AUDUSD, \u201cAustralian Dollar vs US Dollar\u201d<\/strong><\/p>\n

AUDUSD continue moving upwards. Possibly, the pair may reach 0.6542 and then start a new decline to break 0.6440. After that, the instrument may continue trading downwards with the target at 0.6330.<\/p>\n

\"AUDUSD\"
\n\"Risk<\/p>\n

BRENT<\/strong><\/p>\n

Brent is consolidating around 24.34. Possibly, today the pair may fall to reach 21.21 and then form one more ascending structure to break 27.00. Later, the market may continue trading upwards with the target at 32.32.<\/p>\n

\"BRENT\"
\n\"Risk<\/p>\n

XAUUSD, \u201cGold vs US Dollar\u201d<\/strong><\/p>\n

After completing the descending structure at 1691.60, Gold is growing to reach 1716.44. After that, the instrument may correct towards 1702.50 and then form one more ascending structure to break 1717.00. Later, the market may continue trading inside the uptrend with the target at 1751.50.<\/p>\n

\"GOLD\"
\n\"Risk<\/p>\n

BTCUSD, \u201cBitcoin vs US Dollar\u201d<\/strong><\/p>\n

BTCUSD continues growing towards 7860.00. Later, the market may start a new correction to return to 7660.00 and then form one more ascending structure with the first target at 8000.00<\/p>\n

\"BITCOIN\"
\n\"Risk<\/p>\n

S&P 500<\/strong><\/p>\n

S&P 500 is moving upwards. Possibly, today the pair may reach 2933.3 and then start another correction towards 2700.0. After that, the instrument may form one more ascending structure with the target at 3160.2.<\/p>\n

\"S&P<\/p>\n

Article By RoboForex.com<\/u><\/a><\/strong><\/p>\n

Attention!<\/strong>
\nForecasts presented in this section only reflect the author\u2019s 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.<\/p>\n","protected":false},"excerpt":{"rendered":"

Article By RoboForex.com EURUSD, \u201cEuro vs US Dollar\u201d After completing another ascending structure from 1.0810 towards 1.0888, EURUSD may try to update 1.0915. According to the main scenario, the price is expected to return to 1.0810 and break it to the downside. After that, the instrument may continue trading inside the downtrend with the short-term […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-169628","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/169628","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=169628"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/169628\/revisions"}],"predecessor-version":[{"id":169631,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/169628\/revisions\/169631"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=169628"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=169628"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=169628"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}