Forex Technical Analysis & Forecast 04.06.2018 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)

04.06.2018

EURUSD, “Euro vs US Dollar”

EURUSD is moving upwards. Possibly, today the price may reach 1.1708. After that, the instrument may fall towards 1.1616 and then grow to reach 1.1662, thus forming another consolidation range. If later the pair breaks this range to the downside, the market may resume falling inside the downtrend with the target at 1.1500; if to the upside (an alternative scenario) – continue the correction towards 1.1750.

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 also moving upwards. Possibly, the price may reach 1.3399. Later, the market may fall towards 1.3189 and then grow to reach 1.3290, thus forming another consolidation range. If later the pair breaks this range to the upside, the market may start another correction towards 1.3535; if to the downside – resume falling inside the downtrend with the target at 1.3077.

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 downwards. Today, the price may reach 0.9815. After that, the instrument may form a new ascending structure towards 0.9960 and then continue trading to the downside with the target at.0.9890.

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 consolidating. If later the pair breaks this range to the upside, the market may reach 100.45; if to the downside – resume falling with the target at 106.25.

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 upwards. Possibly, today the price may reach the short-term target at 0.7645 and then fall towards 0.7550. Later, the market may form a new ascending structure to reach 0.7676 and then continue trading to the downside towards 0.7400.

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 still falling towards 61.82. After that, the instrument may start another growth towards 62.37 and then continue trading to the downside with the target at 60.40.

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 moving downwards. Today, the price may reach 1288.00 and then start another growth towards 1298.00. Later, the market may resume trading to the downside with the target at 1280.00.

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

 

BRENT

Brent is moving downwards as well. Possibly, today the price may reach 75.90 and then start another growth towards 76.90. After that, the instrument may form a new descending wave with the target at 74.60.

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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