Forex Technical Analysis & Forecast 04.05.2018 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)
EURUSD, “Euro vs US Dollar”
EURUSD is still consolidating. If later the instrument breaks this range to the upside, the market may start another correction to reach 1.2040; if to the downside – resume trading to the downside towards the short-term target at 1.1900.
GBPUSD, “Great Britain Pound vs US Dollar”
GBPUSD is consolidating. If later the instrument breaks this range to the upside, the market may start another correction to reach 1.3700; if to the downside – resume trading towards 1.3505.
USDCHF, “US Dollar vs Swiss Franc”
USDCHF continues consolidating. If the instrument breaks this range to the downside, the market may start another correction to reach 0.9924; if to the upside – continue growing towards 1.0050.
USDJPY, “US Dollar vs Japanese Yen”
USDJPY is consolidating as well. If the instrument breaks this range to the downside, the market may start another decline to reach 107.40; if to the upside – continue growing towards 109.75.
AUDUSD, “Australian Dollar vs US Dollar”
AUDUSD is trying to break its consolidation range. Possibly, today the price may be corrected towards 0.7583 and then fall to reach 0.7542. After that, the instrument may start another ascending structure with the target at 0.7600.
USDRUB, “US Dollar vs Russian Ruble”
USDRUB is moving downwards. Today, the price may break the consolidation range to the downside. If later the instrument breaks this range to the upside, the market may continue growing to reach 65.00; if to the downside – resume trading falling towards 62.20.
XAUUSD, “Gold vs US Dollar”
Gold is being corrected towards 1320.00. Later, the market may fall to reach 1311.00 and then resume growing with the target at 1323.00. After that, the instrument may continue trading to the downside to reach 1292.00.
BRENT
Brent has returned to 74.40. Possibly, today the price may fall towards 73.30 and then grow to reach 74.50. If later the instrument breaks this range to the downside, the market may start another correction to reach 71.60; if to the upside – resume growing towards 76.33.
RoboForex Analytical Department
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.