Forex Technical Analysis & Forecast 05.11.2018 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)

05.11.2018

EURUSD, “Euro vs US Dollar”

EURUSD has completed another descending impulse and right now consolidating. Today, the pair may continue falling towards 1.1342 and then grow to reach 1.1396. After that, the instrument may start another decline with the short-term target of the fifth descending wave at 1.1290.

EURUSD
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 finished the ascending impulse and right now is consolidating at the top. Possibly, today the price may break 1.0042 upwards. The target is at 1.0121. Later, the market may resume falling to return to 1.0042. 

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 completed the consolidation range below 113.10 and right now is trading to break this level upwards. Possibly, the price may form one more ascending structure towards 113.59 and then resume falling to return to 113.10. After that, the instrument may start another growth with the target at 113.76 (an alternative scenario). According to the main scenario, the pair is expected to continue trading inside the downtrend with the target at 111.00.

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 has finished the descending impulse and right now is consolidating. Possibly, the price may fall to reach 0.7173 and then start another growth towards 0.7214. Later, the market may resume trading inside the downtrend with the short-term target at 0.7132.

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 trading to break 65.93 upwards. Possibly, the price may continue growing to reach 66.40 and then resume falling with the short-term target at 63.93.

USDRUB
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.

Ask a question

Need any help? Click on the icon in the lower right corner of the page and get an answer to any your questions

Or enter your phone number in the form below and we will call you right away.

Call back
Ask a question