Forex Technical Analysis & Forecast 27.04.2018 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)

27.04.2018

EURUSD, “Euro vs US Dollar”

EURUSD has broken the low of the continuation pattern at 1.2195 and right now is still trading downwards inside the third wave with the target at 1.1900. Possibly, today the price may continue trading to the downside to reach 1.2077. Later, the market may form another consolidation range, break it, and then continue moving downwards to reach 1.1990.

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 formed another consolidation range near the lows. Today, the price may break them and then continue trading to the downside to reach the short-term target at 1.3800.

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 moving upwards; the target is at 0.9916. After that, the instrument may form another consolidation range. If later the instrument breaks this range to the upside, the market may continue growing to reach 70.00; if to the downside – start another correction towards 0.9750.

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 consolidating around 108.99. Possibly, the price may fall towards the downside border at 108.50 and then resume growing to break the upside one. The target is at 109.80.

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 formed another consolidation range and broken it downwards. Possibly, the price may extend this structure towards 0.7480. Later, the market may form another consolidation range to continue the downtrend towards 0.7420.

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 has broken 62.11 upwards and expanded its trading range. Possibly, today the price may return to 62.11 and then start another growth to reach 63.63.

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 formed the consolidation range around 1325.00 and broken it downwards. Today, the price may continue trading to the downside to reach the short-term target at 1308.00.

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

 

BRENT

Brent is trading above 74.00; it has formed another consolidation range. If later the instrument breaks this range to the downside, the market may continue falling to reach 72.50; if to the upside – resume growing towards 75.50.

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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