Forex Technical Analysis & Forecast 03.05.2018 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)

03.05.2018

EURUSD, “Euro vs US Dollar”

EURUSD has reached the short-term downside target. Possibly, today the price may form another consolidation range near the lows. If the instrument breaks this range to the upside, the market may start another growth to reach 1.2040; if to the downside – resume trading to the downside towards 1.1900.

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 consolidating near the lows. Today, the price may expand the range upwards to reach 1.3700. After that, the instrument may resume trading with the target at 1.3500.

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 reached the upside target. Possibly, today the price may form another consolidation range near the highs. If the instrument breaks this range to the upside, the market may continue growing to reach 1.0030; if to the downside – start another decline towards 0.9935.

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 reached the target of the ascending structure. Today, the price may form another consolidation range near the highs between 110.14 and 109.50.

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 consolidating near the lows. If the instrument breaks this range to the upside, the market may start another correction to reach 0.7588; if to the downside – start another decline towards 0.7445.

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 has reached the target of the ascending wave. Possibly, today the price may form another consolidation range near the highs between 63.18 and 64.20. If later the instrument breaks this range to the upside, the market may continue growing to reach 64.88; if to the downside – resume trading to the downside towards 62.20.

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 consolidating near the lows. If later the instrument breaks this range to the downside, the market may continue trading to the downside to reach 1297.00; if to the upside – start another growth towards 1325.00.

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

 

BRENT

Brent has extended the range towards 72.70. Possibly, today the price may grow to reach 74.40. If later the instrument breaks this range to the downside, the market may start another correction to reach 71.20; if to the upside – resume growing towards 76.30.

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

 

RoboForex Analytical Department

 

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.

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