Forex Technical Analysis & Forecast 31.07.2018 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)

31.07.2018

EURUSD, “Euro vs US Dollar”

EURUSD is consolidating. Possibly, today the pair may grow to reach 1.1719 and then trade downwards with the target at 1.1614. After that, the instrument may resume growing towards 1.1680.

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 completed the descending impulse along with the correction. Today, the price may fall towards 1.3077. Later, the market may break this level and then continue trading to the downside to reach the short-term target at 1.2999.

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 moving downwards. Possibly, the pair may reach the short-term target at 0.9870 and then return to 0.9955. After that, the instrument may start another correction towards 0.9844 and then form a new ascending structure with the target at 1.0060. 

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 111.24. If later the instrument breaks this range to the upside, the price may trade 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. Possibly, the pair may reach 0.7477. 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 has reached the target of the descending structure and right is still moving downwards to continue the third wave. Possibly, the pair may break 61.61. The short-term target is at 59.63.

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

 

XAUUSD, “Gold vs US Dollar”

Gold is consolidating near the lows. Today, the price may continue falling towards 1207.00. Later, the market may return to 1221.00 and then resume trading to the downside with the target at 1205.00.

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

 

BRENT

Brent has reached its upside target. Possibly, today the pair may fall to reach 74.46. Later, the market may form a new ascending structure towards 76.33 and then start another correction with the target at 73.15.

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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