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Forex Technical Analysis & Forecast 04.05.2018 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)

EURUSD, “Euro vs US Dollar”

EURUSD is still consolidating. If later the instrument breaks this range to the upside, the market may start another correction to reach 1.2040; if to the downside – resume trading to the downside towards the short-term target at 1.1900.

EURUSD
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

 

GBPUSD, “Great Britain Pound vs US Dollar”

GBPUSD is consolidating. If later the instrument breaks this range to the upside, the market may start another correction to reach 1.3700; if to the downside – resume trading towards 1.3505.

GBPUSD
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

 

USDCHF, “US Dollar vs Swiss Franc”

USDCHF continues consolidating. If the instrument breaks this range to the downside, the market may start another correction to reach 0.9924; if to the upside – continue growing towards 1.0050.

USDCHF
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

 

USDJPY, “US Dollar vs Japanese Yen”

USDJPY is consolidating as well. If the instrument breaks this range to the downside, the market may start another decline to reach 107.40; if to the upside – continue growing towards 109.75.

USDJPY
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

 

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD is trying to break its consolidation range. Possibly, today the price may be corrected towards 0.7583 and then fall to reach 0.7542. After that, the instrument may start another ascending structure with the target at 0.7600.

AUDUSD
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

 

USDRUB, “US Dollar vs Russian Ruble”

USDRUB is moving downwards. Today, the price may break the consolidation range to the downside. If later the instrument breaks this range to the upside, the market may continue growing to reach 65.00; if to the downside – resume trading falling towards 62.20.

USDRUB
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

 

XAUUSD, “Gold vs US Dollar”

Gold is being corrected towards 1320.00. Later, the market may fall to reach 1311.00 and then resume growing with the target at 1323.00. After that, the instrument may continue trading to the downside to reach 1292.00.

GOLD
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

 

BRENT

Brent has returned to 74.40. Possibly, today the price may fall towards 73.30 and then grow to reach 74.50. If later the instrument breaks this range to the downside, the market may start another correction to reach 71.60; if to the upside – resume growing towards 76.33.

BRENT
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

 

RoboForex Analytical Department

 



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