Forex Technical Analysis & Forecast 30.07.2018 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)

30.07.2018

EURUSD, “Euro vs US Dollar”

EURUSD is consolidating around 1.1658. According to the main scenario, the instrument may trade downwards to break 1.1570 and then continue falling with the short-term target at 1.1430.

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 forming the first descending impulse with the target at 1.3055. Later, the market may grow to reach 1.3130 and then resume trading to the downside with the target at 1.2888.

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 around 0.9940; right now, it is forming the structure to reach 0.9980. Later, the market may fall to return to 0.9940, thus forming another consolidation range. If later the instrument breaks this range to the downside, the price may continue trading downwards to reach 0.9870; if to the upside – form a new ascending structure with the target at 0.9999. The main upside target is at 1.0120. 

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 around 111.15. If later the instrument breaks this range to the upside, the price may continue trading upwards to reach 111.73; if to the downside – continue falling towards 110.10.

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 moving upwards to reach 0.7416. After that, the instrument may form another descending structure towards 0.7285.

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 falling towards 62.48. Later, the market may form a new ascending structure to reach 63.10 and then fall to break 61.61. After that, the instrument may continue trading to the downside with the short-term target at 60.16.

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 falling to reach 1218.00. Today, the price may break this level and continue falling towards 1209.00. Later, the market may return to 1218.00 and then resume trading to the downside with the target at 1206.00.

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

 

BRENT

Brent is moving upwards. Possibly, the pair may grow to reach 75.30. Later, the market may start another correction towards 73.15 and then trade upwards to reach 74.70, thus forming a new consolidation range. If later the instrument breaks this range to the upside, the price may continue the uptrend towards 82.00; if to the downside – continue the correction with the target at 70.50.

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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