Forex Technical Analysis & Forecast 05.04.2019 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)
05.04.2019EURUSD, “Euro vs US Dollar”
EURUSD has completed the correction; right now, it is moving downwards. Today, the pair may fall to reach 1.1190 and then resume growing towards 1.1222. Later, the market may continue trading inside the downtrend to reach 1.1177. The short-term target of this descending wave is at 1.1111.
GBPUSD, “Great Britain Pound vs US Dollar”
GBPUSD has broken 1.3120 and completed another descending structure. Possibly, today the pair may continue this descending wave with the target at 1.3030 and form a new consolidation range around 1.3100. The key target of this wave is at 1.2950.
USDCHF, “US Dollar vs Swiss Franc”
USDCHF is trading to break 0.9999. Possibly, today the pair may reach 1.0025 and then start a new correction towards 0.9965. Later, the market may resume growing with the first target at 1.0035.
USDJPY, “US Dollar vs Japanese Yen”
USDJPY has reached the short-term upside target. Today, the pair may form a new consolidation range with a reversal pattern near the highs. After that, the instrument may start the fourth correctional structure with the target at 111.04.
AUDUSD, “Australian Dollar vs US Dollar”
AUDUSD is consolidating below 0.7128. If later the price breaks this range to the downside, the instrument may resume trading inside the downtrend with the short-term target at 0.6980; it to the upside – continue the correction towards 0.7167.
USDRUB, “US Dollar vs Russian Ruble”
USDRUB has finished the first descending wave along with the correction. Possibly, today the pair may form a new descending structure with the short-term target at 64.60. Later, the market may resume growing to reach 65.06 and then start a new decline towards 64.27.
XAUUSD, “Gold vs US Dollar”
Gold has completed another descending structure at 1281.90 and tested 1291.70 from below. According to the main scenario, the price is expected to form one more descending structure to 1276.80 and then continue trading inside the downtrend with the short-term target at 1260.00.
BRENT
Brent is consolidating below 70.17. Today, the pair may continue growing with the short-term target at 70.90 and then start another correction towards 68.60. After that, the instrument may form one more ascending structure with the target at 73.05.
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.