Forex Technical Analysis & Forecast 02.11.2018 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)

02.11.2018

EURUSD, “Euro vs US Dollar”

EURUSD has completed the ascending impulse and right now consolidating at its top. Today, the pair may start a new descending structure towards 1.1352 and then grow to reach 1.1385. After that, the instrument may start another decline with the short-term target at 1.1290. However, the price may choose an alternative scenario and continue the correction towards 1.1478.

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

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

 

BRENT

Brent has almost reached the target of the first descending wave. Possibly, today the price may grow towards 74.65 and then fall to reach 71.20, thus forming a new consolidation range. Later, the market may break it to the upside and start a new correction with the target at 80.37.

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

Attention!

Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.

Ask a question

Need any help? Click on the icon in the lower right corner of the page and get an answer to any your questions

Or enter your phone number in the form below and we will call you right away.

Call back
Ask a question