Forex Technical Analysis & Forecast 03.07.2018 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)

03.07.2018

EURUSD, “Euro vs US Dollar”

EURUSD has completed one more descending impulse along with the correction and formed another consolidation range. Later, the market may break 1.1600 to the downside and continue trading downwards with the short-term target at 1.1510.

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 moving downwards. Possibly, today the pair may fall to reach 1.3025 and then grow towards 1.3270.

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 upwards. Today, the price may grow to break 0.9986 and then continue trading to the upside to reach the short-term target at 1.0080. 

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 is forming the first descending impulse with the target at 110.35. After that, the instrument may grow to reach 110.75, thus forming a new consolidation range. If later the instrument breaks this range to the downside, the market may continue trading downwards with the first target at 109.45.

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 moving downwards to reach the target at 0.7285. Possibly, today the pair may grow towards 0.7355 and then resume falling to reach 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 consolidating around 63.00. Possibly, the pair may fall to break 62.08 and then continue trading downwards with the short-term target at 60.70.

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 reached the main target of the descending wave. Possibly, the pair may consolidate near the lows. After that, the instrument may form a reversal pattern to start another correction towards 1304.00.

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

 

BRENT

Brent is consolidating above 77.70. Possibly, the pair may reach 76.80 and then return to the short-term target at 80.70. Later, the market may be corrected towards 78.40 and then continue trading upwards to reach 82.00.

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.

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