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Forex Technical Analysis&Forecast 04.10.2018 EURUSD, GBPUSD

EURUSD, “Euro vs US Dollar”

EURUSD has finished the fifth structure of the descending wave; right now, it is consolidating. If the instrument breaks this range to the downside, the price may resume trading inside the downtrend towards 1.1385; if to the upside – start a new correction to reach 1.1540.

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 falling with the short-term target at 1.2907. Today, the pair may reach it and then start another growth towards 1.3011. Later, the market may resume trading inside the downtrend with the target at 1.2763.

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 moving upwards with the short-term target at 0.9930. After that, the instrument may be corrected towards 0.9767 and then start a new ascending wave to reach 0.9990.

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 broken the consolidating range and reached the main upside target. Possibly, today the pair may form a new consolidation range near the highs. If the instrument breaks 114.20 to the downside, the price may start another decline with the first target at 113.98.

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 reached the target of the descending wave. Possibly, the pair may continue trading inside the downtrend without any significant corrections. The target is at 0.7000. Today, the pair may be corrected a bit to reach 0.7150 and then resume falling towards the above-mentioned target.

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 trading near the upside border of the range and trying to break 65.60. Possibly, the pair may be corrected with the first target at 66.06. However, if the price breaks 65.00 to the downside, the instrument may resume trading inside the downtrend towards 64.50.

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 with the target at 1194.00. After that, the instrument may grow to reach 1201.00 and then start a new descending wave towards the short-term target at 1187.00.

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

 

BRENT

Brent has broken its consolidation range to the upside and reached 87.00. Today, the pair may test 86.87 from above and then start another growth with the target at 87.60.

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


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