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Forex Technical Analysis&Forecast 06.09.2018 EURUSD, GBPUSD

EURUSD, “Euro vs US Dollar”

EURUSD is forming the fourth wave of the five-wave descending structure. Possibly, today the pair may reach the short-term target at 1.1660 and then fall towards 1.1606. After that, the instrument may resume growing to complete this wave at 1.1677 and then start the fifth one towards 1.1515.

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 quickly returned to 1.2955. Today, the price may fall to reach 1.2870 and then start another growth towards 1.2920, thus forming another consolidation range. Later, the market may break it to the downside and resume falling with the target at 1.2600.

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 has finished the correction. Possibly, today the pair may grow to reach 0.9727 and then start a new decline towards 0.9710, thus forming another consolidation range. After that, the instrument may break it to the upside to form the fifth wave with the target at 0.9777.

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 has completed the descending structure and right now is trading towards 111.14, thus forming another consolidation range. If the instrument breaks this range to the downside, the price may continue forming the third wave with the target at 109.77.

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 still consolidating around 0.7180. If later the instrument breaks this range to the upside, the price may resume growing towards 0.7256; if to the downside – continue falling with the target at 0.7130.

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 trying to break 68.29 upwards; it is forming a new consolidating range there. If the instrument breaks this range to the upside, the price may resume growing with the short-term target at 69.27 and then fall to return to 68.29. Later, the market may form a new ascending structure to reach 69.60.

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

 

XAUUSD, “Gold vs US Dollar”

Gold has reached the predicted upside target. Possibly, today the pair may form a new descending structure as the fifth wave with the target at 1186.22. After that, the instrument may start another growth towards 1199.00.

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

 

BRENT

Brent is still consolidating around 77.45. If later the instrument breaks this range to the upside, the price may resume trading inside the uptrend with the short-term target at 80.50; if to the downside – continue the correction to reach 75.55.

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


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