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Forex Technical Analysis Forecast 12.05.2022

EURUSD, Euro vs US DollarAfter breaking 1.0529, EURUSD is still falling towards 1.0483. Later, the market may grow to return to 1.0530 and then form a new descending structure with the target at 1.0462.GBPUSD, Great Britain Pound vs US DollarHaving broken 1.2305, GBPUSD continues falling towards 1.2200. After that, the instrument may correct to return to 1.2305 and then resume trading downwards with the target at 1.2150.USDJPY, US Dollar vs Japanese YenUSDJPY has broken 129.88 downwards; right now, it is still falling to reach 128.95. Later, the market may correct to return to 129.88 and then start another decline with the target at 128.42.USDCHF, US Dollar vs Swiss FrancAfter breaking 0.9939 upwards, USDCHF is still growing towards 1.0004. Later, the market may correct to return to 0.9939 and then form one more ascending structure with the target at 1.0050.AUDUSD, Australian Dollar vs US DollarAUDUSD continues falling towards 0.6868. After that, the instrument may correct to reach 0.6960 and then form a new descending structure with the target at 0.6800.BRENTBrent completed the ascending impulse at 108.40; right now, it is correcting towards 104.60. After that, the instrument may resume trading upwards with the target at 111.20.XAUUSD, Gold vs US DollarGold is consolidating around 1860.22. If later the price breaks this range to the upside, the market may form one more ascending structure with the target at 1889.80; if to the downside start another decline to update the…

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