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Forex Technical Analysis & Forecast 10.05.2018 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)

EURUSD, “Euro vs US Dollar”

EURUSD is consolidating near the lows of the descending wave; it has completed the ascending impulse along with the correction. If later the instrument breaks this range to the upside, the market may start another correction to reach 1.1984; if to the downside – resume falling towards 1.1785.

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 still consolidating near the lows; it has finished the second ascending impulse along with the correction. Today, the price may form another ascending impulse towards 1.3625 and then fall with the target at 1.3555. If later the instrument breaks this range to the upside, the market may start another correction to reach 1.3750; if to the downside – resume falling towards 1.3380.

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 is still consolidating near the highs. Possibly, today the price may grow to reach 1.0055 and expand the range upwards. Later, the market may fall towards 1.0000. If the instrument breaks this range to the downside, the market may start another correction to reach 0.9940; if to the upside – continue growing with the target at 1.0110.

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 at the top of another ascending structure. If later the instrument breaks this range to the downside, the market may start another decline to reach the target at 109.07; if to the upside – extend this structure towards 110.40.

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 has returned to 0.7474. Possibly, today the price may fall to reach 0.7444. If later the instrument breaks this range to the downside, the market may trading inside the downtrend to reach the target at 0.7380; if to the upside – start another correction towards 0.7555.

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 still consolidating. Today, the price may fall to reach 62.20 and then grow towards 63.20. If later the instrument breaks this range to the downside, the market may resume falling inside the third wave towards 59.20; if to the upside – grow to reach 65.00.

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 still consolidating around 1311.00. If later the instrument breaks this range to the downside, the market may resume falling to reach 1297.00; if to the upside – continue the correction towards 1322.00.

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

 

BRENT

Brent is still moving upwards. The target is at 79.45. Later, the market may fall towards 77.10 and then start another growth with the target at 80.15.

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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