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Forex Technical Analysis & Forecast 04.09.2017 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD, BRENT)

EUR USD, “Euro vs US Dollar”

The EUR/USD pair has completed another descending impulse and right now is being corrected. Possibly, the price may grow to reach 1.1913. After that, according to the main scenario, the instrument may fall to break the low of this impulse. The target is at 1.1796.

 

GBP USD, “Great Britain Pound vs US Dollar”

The GBP/USD pair is consolidating above 1.2960. Possibly, the price may grow to reach 1.3040 (an alternative scenario). According to the main scenario, the market may move downwards to reach 1.2790, break it, and then continue falling inside the downtrend with the target at 1.2667.

 

USD CHF, “US Dollar vs Swiss Franc”

The USD/CHF pair has finished anther ascending impulse along with the correction. We think, today the price may reach 0.9673 and then fall towards 0.9630. After that, the instrument may continue growing inside the uptrend with the target at 0.9700.

 

USD JPY, “US Dollar vs Japanese Yen”

The USD/JPY pair is trading to break the low of the consolidation range. Possibly, the price may move downwards to reach 108.35, break it, and then continue falling inside the downtrend with the target at 107.00.

 

AUD USD, “Australian Dollar vs US Dollar”

The AUD/USD pair is still consolidating near the lows. Possibly, the price may extend this wave towards 0.8040 (an alternative scenario). According to the main scenario, the market may fall to reach 0.7870, break it, and then continue falling inside the downtrend with the target at 0.7755.

 

USD RUB, “US Dollar vs Russian Ruble”

The USD/RUB pair is still trading downwards. Possibly, today the price may be corrected towards 58.11 and then continue falling inside the downtrend to reach the next target at 56.76.

 

XAU USD, “Gold vs US Dollar”

Due to the geopolitical tensions, the market has been opened with a gap up and Gold has updated the high of the ascending wave. Possibly, the price may extend it towards 1350 (an alternative scenario). The main scenario implies that the market may continue falling inside the downtrend with the target at 1300.

 

BRENT

Brent is consolidating around 52.55. If later the instrument breaks this channel to the upside, the market may reach 54.60; if to the downside – start another correction towards 51.70. Later, in our opinion, the market may continue growing with the target at 55.15.

 

RoboForex Analytical Department

 



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