Forex Technical Analysis & Forecast 10.10.2018 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)

10.10.2018

EURUSD, “Euro vs US Dollar”

After completing the wave to the downside, EURUSD has formed a new ascending impulse towards 1.1515, which is in the middle of the descending structure. Possibly, today the pair may fall towards 1.1474, thus forming a new consolidation range. If later the instrument breaks this range to the upside, the price may continue the correction to reach 1.1600; if to the downside – resume trading inside the downtrend with the target at 1.1344.

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 reached the upside target. Today, the pair may reach 1.3098 and then grow towards 1.3166. After that, the instrument may form a new consolidation range with a reversal pattern. The price is expected start another descending structure with the target at 1.2860.

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 at the top of the ascending wave close to the downside border. If later the instrument breaks this range to the downside, the price may continue the correction to reach 0.9767. The first target is at 0.9860.

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 near the low of the third descending wave. If later the instrument breaks this range to the upside, the price may start another correction towards 113.52; if to the downside – continue trading inside the downtrend with the first target at 112.44.

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 broken its consolidation range upwards. Possibly, the pair may grow with the short-term target at 0.7136 and then fall to reach 0.7097. Later, the market may resume growing towards the first correctional target at 0.7155.

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 being corrected. Possibly, today the pair may fall towards 66.07 and then grow with the short-term target at 67.08. Later, the market may resume falling with the target at 66.55 and then start another growth to reach 68.10.

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 consolidating near the lows. If later the instrument breaks this range to the upside, the price may be corrected towards 1194.20; if to the downside – continue trading inside the downtrend with the target at 1179.10.

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

 

BRENT

Brent has finished the correctional wave at 85.55. Today, the pair may form a new consolidation range near the highs. If later the instrument breaks this range to the downside, the price may start the third descending wave with the target at 82.66.

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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