Forex Technical Analysis & Forecast 05.04.2018 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)

05.04.2018

EURUSD, “Euro vs US Dollar”

EURUSD is trading to rebound from 1.2314. Possibly, the price may reach 1.2232 and then start another consolidation range near the lows. Later, the market may break the range to the downside and resume falling inside the downtrend towards the short-term target at 1.2208.

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 and trading to rebound from the upside border. Today, the price may fall to reach 1.4000, break it, and then continue moving inside the downtrend with the short-term target at 1.3930.

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 broken 0.9598 upwards and may continue growing to reach 0.9640. After that, the instrument may form another descending structure to return to 0.9568 and then resume moving inside the uptrend with the target at 0.9700.

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 still forming the fifth ascending wave with the target at 107.74; by now, the price has broken 106.68 and is growing with the short-term target is at 107.38. Later, the market may fall towards 106.68 and then resume moving upwards to reach 107.74.

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 still consolidating around 0.7687. If later the instrument breaks this range to the upside, the market may continue the correction to reach 0.7740; if to the downside – continue moving inside the uptrend towards 0.7580.

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 57.57. Possibly, the price may expand the range towards 57.94. However, If the instrument breaks this range to the downside, the market may continue moving inside the downtrend with the target at 56.56.

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 forming another descending structure. Possibly, today the price may break 1328.00 and fall towards 1321.00. After that, the instrument may form another ascending structure to return to 1328.00 and then resume moving downwards to reach 1309.00.

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

 

BRENT

Brent has finished another ascending impulse and reached 68.50; right now, it continues consolidating. If later the instrument breaks this range to the upside, the market may grow to reach 70.00; if to the downside – resume falling with the target at 67.90 and then start another growth towards 71.31.

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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