Forex Technical Analysis & Forecast 04.12.2018 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)

04.12.2018

EURUSD, “Euro vs US Dollar”

EURUSD has formed another consolidation range around 1.1350, broken it upwards, and reached the first target at 1.1378. Possibly, today the pair may fall towards 1.1363 and then start another growth to reach 1.1388. Later, the market may resume falling with the target at 1.1350.

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 still consolidating around 1.2735. Today, the pair may trade upwards to reach 1.2754 and then form a new descending structure to return to 1.2735. After that, the instrument may start another growth to reach 1.2777 and then resume falling with the target at 1.2655.

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 being corrected to the downside to reach 0.9955. Later, the market may form one more ascending structure to break 1.0007 and then continue trading inside the uptrend with the short-term target at 1.0400.

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 another descending structure towards 113.03. After that, the instrument may trade upwards to reach 113.36 and then fall with the target at 112.93. Later, the market may start another growth towards 113.50.

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 around 0.7370. According to the main scenario, the price is expected to fall to break 0.7340 and then continue falling inside the downtrend with the first target at 0.7292.

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 66.47. Today, the pair may fall to break 65.60 and then continue trading inside the downtrend with the short-term target at 64.64.

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 broken the consolidation range upwards and reached the first target at 1236.70. Possibly, today the pair may form a new descending structure to return to 1224.00 and then start another growth with the target at 1252.30.

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

BRENT

Brent is forming the second ascending impulse with the target at 63.50. After that, the instrument may fall to reach 60.80 and start the third impulse towards the first target at 64.10.

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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