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Forex Technical Analysis&Forecast 08.10.2018 EURUSD GBPUSD USDCHF

EURUSD, “Euro vs US Dollar”

EURUSD has finished the ascending impulse and right now is consolidating around 1.1516. If later the instrument breaks this range to the downside, the price may resume trading inside the downtrend towards 1.1447; if to the upside – continue the correction to reach 1.1567.

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 broken the consolidation range upwards and right now is still being corrected. The target is at 1.3138. Later, the market may fall to reach 1.3030, thus forming a new consolidation range. If later the instrument breaks this range to the downside, the price may resume trading inside the downtrend towards 1.2855; if to the upside – continue the correction to reach 1.3167.

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 downwards. Possibly, today the pair may fall to reach 0.9860 and then return to 0.9910, thus forming a new consolidation range. If the instrument breaks this range to the downside, the price may start another decline towards 0.9767 and then move upwards with the target at 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 completed the first descending wave; right now, it is trading upwards with the target at 114.05 and forming a new descending structure. If the instrument breaks 114.20 to the downside, the price may start another decline towards 112.42; if to the upside - resume trading inside the uptrend to reach 115.05.

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 near the lows. Today, the pair may fall to reach 0.7031 and then grow towards 0.7093, thus forming a new consolidation range. If later the instrument breaks this range to the downside, the price may resume trading inside the downtrend with the target at 0.7000; if to the upside – continue trading upwards to reach 0.7154.

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 consolidating around 66.50. Possibly, today the pair may fall towards 66.01 and then grow to reach 67.15. Later, the market may resume falling with the target at 66.60. If later the instrument breaks this range to the upside, the price may resume growing towards 68.10; if to the downside – continue trading inside the downtrend with the target at 65.35.

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 1202.00 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 completed the first descending impulse. Today, the pair may grow towards 85.55 and then fall with the short-term target at 82.92.

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


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