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Forex Technical Analysis & Forecast 08.01.2018 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD, BRENT)

EUR USD, “Euro vs US Dollar”

The EUR/USD pair is consolidating at the top; it has already finished the first structure of the descending impulse. Possibly, today the price may grow to reach 1.2049, thus forming another consolidation range. If later the instrument breaks this range to the downside, the market may fall towards 1.1915 (the main scenario); if to the upside – extending this wave up to 1.2113 (an alternative one).

EURUSD

 

GBP USD, “Great Britain Pound vs US Dollar”

The GBP/USD pair has almost completed the correction. We think, today the price may form another descending structure towards 1.3494, break it, and then reach the local target at 1.3400.

GBPUSD

 

USD CHF, “US Dollar vs Swiss Franc”

The USD/CHF pair is consolidating around 0.9761. Possibly, today the price may grow to reach 0.9788, break it, and then continue its movement towards the local target at 0.9842.

USDCHF

 

USD JPY, “US Dollar vs Japanese Yen”

The USD/JPY pair is moving upwards. Possibly, the price may reach 113.65, thus forming another consolidation channel. Later, in our opinion, the market may fall towards the downside border of the channel at 112.00.

USDJPY

 

AUD USD, “Australian Dollar vs US Dollar”

The AUD/USD pair is still consolidating at the top. We think, today the price may fall towards 0.7800 and then grow to reach 0.7835. After that, the instrument may fall to reach 0.7768.

AUDUSD

 

USD RUB, “US Dollar vs Russian Ruble”

The USD/RUB pair is trading downwards. The target is at 56.80. After that, the instrument may start another correction towards 57.35 and then fall to reach 56.55.

USDRUB

 

XAU USD, “Gold vs US Dollar”

Gold is still consolidating at the top of the ascending structure. Possibly, the price may reach 1329 and then fall to break 1305. Later, in our opinion, the market may start another descending wave with the target at 1264.

GOLD

 

BRENT

Brent is being corrected towards 67.41. After that, the instrument may grow to break 68.68. The next target is at 69.60. Later, in our opinion, the market may fall towards 68.70 and then start another growth to reach 71.70.

BRENT

 

RoboForex Analytical Department

 


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