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Forex Technical Analysis 02.04.2019 (EURUSD, GBPUSD, USDCHF)

EURUSD, “Euro vs US Dollar”

EURUSD has broken 1.1222; right now, it is still falling. Today, the pair may reach 1.1194 and then form one more ascending structure to return to 1.1222. Later, the market may start a new decline towards 1.1170. However, if the price breaks 1.1222, the instrument may be corrected towards 1.1248 and then resume trading downwards with the target at 1.1111.

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 rebounded from the upside border of its consolidation range and finished another descending impulse at 1.3035. Possibly, today the pair may be corrected towards 1.3088 and then start a new decline to reach 1.2977. After that, the instrument may resume trading upwards to reach 1.3033 and then form a new descending structure with the short-term target at 1.2950.

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 broken 0.9974 and may continue growing to reach 1.0008. Today, the pair may reach this level and then start another correction towards 0.9956. Later, the market may form the fifth ascending wave with the target at 1.0017.

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 third ascending wave; right now, it is consolidating near the highs. Possibly, the pair may break the range to the downside and reach 111.17. After that, the instrument may expand the range towards 111.69 and then start a new correction with the target at 110.72.

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 a new consolidation range in the form of the Triangle. Possibly, today the pair may fall to break 0.7057 and then continue trading inside the downtrend with the target at 0.6993. According to an alternative scenario, the price is expected to grow towards 0.7167, break it, and then continue trading upwards to reach 0.7260.

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 at the top; this movement may be considered as the fourth wave. Possibly, the pair may start the fifth wave to the downside towards 62.77. Today, the pair may form the first structure of this wave with the target at 64.59.

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 finished its consolidation range around 1292.25; right now, it is falling. Possibly, the pair may form a new descending structure towards 1276.80. Later, the market may resume trading upwards to test 1288.18 and then resume trading downwards with the short-term target at 1260.00.

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

BRENT

Brent is extending its ascending wave; it has reached 69.73. Today, the pair may form a new descending structure to reach 68.50 and then start another growth with the short-term target at 69.90. After that, the instrument may be corrected towards 67.97 and then continue trading upwards with the target at 70.30.

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


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