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Forex Technical Analysis & Forecast 05.06.2018 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)

EURUSD, “Euro vs US Dollar”

EURUSD has broken the ascending channel. Possibly, today the price may form the first descending structure to reach 1.1657 and then grow towards 1.1700. After that, the instrument may start another decline with the short-term target at 1.1565.

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 has also broken the ascending channel. Today, the price may fall to reach 1.3289 and then grow towards 1.3348. Later, the market may start another decline with the target at 1.3189.

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 moving upwards. Possibly, the price may reach 0.9934, break it, and then then continue trading to the upside with the short-term target at 1.0045.

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 and forming the Divergent Triangle pattern. Possibly, today the price may fall to reach 109.25. If later the pair breaks this range to the upside, the market may continue the correction towards 110.45; if to the downside – resume falling with the target at 108.30.

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 formed the consolidation range below 0.7645 and broken it downwards. Possibly, the price may start forming a new descending wave to reach the first target at 0.7594.

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 has reached the target of the first descending structure. Today, the price may be corrected towards 62.82, thus forming another consolidation range. If later the pair breaks this range to the downside, the market may resume falling inside the downtrend with the target at 60.82; if to the upside – continue its growth towards 63.20.

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 moving downwards. Possibly, the price may reach 1287.00 and then start another growth towards 1298.00. Later, the market may resume trading to the downside with the short-term target at 1280.00.

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

 

BRENT

Brent is moving downwards as well; it has reached the short-term target of the fifth descending structure. Possibly, today the price may grow to reach 76.45 and then start another decline towards 73.85. After that, the instrument may form a new ascending wave with the target at 77.15.

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



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