Forex Technical Analysis & Forecast 31.08.2018 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)

31.08.2018

EURUSD, “Euro vs US Dollar”

EURUSD is trading towards the first target at 1.1634. Possibly, today the pair may reach it and then grow towards 1.1688. After that, the instrument may start a new descending wave with the target at 1.1530.

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 still consolidating at the top. Today, the price may fall to reach 1.2949 and then start another growth towards 1.2992. Later, the market may resume trading to the downside with the target at 1.2864.

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; it has broken its consolidation range downwards and may fall to reach 0.9660. After that, the instrument may form a new ascending structure with the first target at 0.9777.

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 forming the third descending wave. Today, the price may fall towards 110.68 and then start another correction to reach 111.27. Later, the market may resume trading to the downside with the target at 110.00.

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 reached the target of the descending wave; right now, it is consolidating to break the downside border of the Triangle pattern. If the instrument breaks this pattern to the downside, the price may continue falling inside the downtrend with the target at 0.7160.

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 consolidating around 67.64. Possibly, today the pair may rebound from 68.37. The target is at 66.80. If the instrument breaks this range to the downside, the price may continue falling inside the downtrend with the target at 65.75.

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 moving downwards with the target at 1195.40. Possibly, today the pair may reach it and then grow towards 1200.00. Later, the market may resume trading to the downside to return to 1186.20.

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 reach 78.98 and start another consolidation range around it. If the instrument breaks this range to the upside, the price may resume growing with the target at 82.00.

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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