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Forex Technical Analysis & Forecast 08.08.2017 (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 formed the consolidation range in the form of the Triangle pattern, broken it upwards, and completed the correction at 1.1820. Possibly, the price may grow to reach 1.1832 and then move downwards with the target at 1.1700.

 

GBP USD, “Great Britain Pound vs US Dollar”

The GBP/USD pair is consolidating at the low of the descending impulse. If later the instrument breaks this consolidation channel to the upside, the market may be corrected towards 1.3000; if to the downside – continue falling with the target at 1.3090.

 

USD CHF, “US Dollar vs Swiss Franc”

The USD/CHF pair has formed the consolidation range in the form of the Triangle pattern. Possibly, the price may break it upwards and reach 0.9862. After that, the instrument may be corrected to reach 0.9680.

 

USD JPY, “US Dollar vs Japanese Yen”

Being under pressure, the USD/JPY pair is moving downwards. We think, the price may reach 109.45 and then return to 111.06. Later, in our opinion, the market may break this level upwards and start another correction with the target at 112.18.

 

AUD USD, “Australian Dollar vs US Dollar”

The AUD/USD pair is consolidating at the low of the descending structure. Possibly, the price may break this consolidation range to the downside and move to reach the local target at 0.7863.

 

USD RUB, “US Dollar vs Russian Ruble”

The USD/RUB pair is trading around 60.03 without any particular tendency. If later the instrument breaks this consolidation range to the upside, the market may grow to reach 61.20; if to the downside – continue falling with the target at 58.22.

 

XAU USD, “Gold vs US Dollar”

Being under pressure, Gold is moving upwards. Possibly, today the price may be corrected towards 1264.40 and then fall to reach 1259.00.

 

BRENT

Being under pressure, Brent is trading to the upside. We think, the price may break 52.20. the local target is at 53.50. After that, the instrument may be corrected to reach 50.67.

 

RoboForex Analytical Department

 


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