Forex Technical Analysis & Forecast 03.10.2018 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)

03.10.2018

EURUSD, “Euro vs US Dollar”

EURUSD has finished another ascending structure. Possibly, today the pair may fall to reach 1.1548 and form a new consolidation range. If the instrument breaks this range to the downside, the price may resume falling towards 1.1483; if to the upside – continue the correction to reach 1.1650.

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 completed another descending structure and right now is being corrected. Today, the pair may test 1.3011 from below and then resume trading inside the downtrend with the target at 1.2907.

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 still consolidating. If the instrument breaks this range to the upside, the price may resume growing to reach 0.9930; if to the downside – start a new correction towards 0.9790 and then resume trading upwards.

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 finished the descending impulse along with the correction. Possibly, today the pair may fall towards 113.42, break it, and then continue trading inside the downtrend with the short-term target at 112.98.

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 forming the fifth descending structure to reach 0.7155. Later, the market may start another correction towards 0.7234.

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 formed another consolidation range; right now, it is trading to rebound from the center to the downside. Possibly, today the pair may reach 64.50. If the price breaks the upside border, the instrument may be corrected with the target at 66.15.

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 completed the fourth structure. Possibly, the pair may form a new consolidation range near the highs. After that, the instrument may break it downwards and start a new descending wave with the first target at 1194.00.

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

 

BRENT

Brent is consolidating close to the highs. Today, the pair may expand the range towards 85.90 and then fall to reach 84.54. If the instrument breaks this range to the upside, the price may grow to reach 87.60; if to the downside – start another decline with the target at 83.20.

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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