Forex Technical Analysis & Forecast 06.04.2018 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)
EURUSD, “Euro vs US Dollar”
EURUSD has reached the target and expanded its consolidation range; right now, it is forming another range near the lows. If later the instrument breaks this range to the upside, the market may be corrected towards 1.2315; if to the downside – resume falling to reach 1.2187.
GBPUSD, “Great Britain Pound vs US Dollar”
GBPUSD has returned to 1.4000 to test it from below. Today, the price may continue moving inside the downtrend with the short-term target at 1.3930.
USDCHF, “US Dollar vs Swiss Franc”
USDCHF is trading at the top of the ascending wave. According to the main scenario, the price may continue moving inside the uptrend to reach 0.9700. After breaking 0.9598, the instrument may form another correction towards 0.9565 and then resume moving inside the uptrend with the target at 0.9700.
USDJPY, “US Dollar vs Japanese Yen”
USDJPY has reached the target of the fifth ascending wave Possibly, today the price may start another consolidation range near the highs. If later the instrument breaks this range to the upside, the market may grow to reach 107.74; if to the downside – form another correction towards 106.68.
AUDUSD, “Australian Dollar vs US Dollar”
AUDUSD is still consolidating around 0.7687. If later the instrument breaks this range to the upside, the market may continue the correction to reach 0.7740; if to the downside – continue moving inside the uptrend towards 0.7618.
USDRUB, “US Dollar vs Russian Ruble”
USDRUB is consolidating around 57.57. Possibly, the price may expand the range towards 57.94. However, If the instrument falls and breaks this range to the downside, the market may continue moving inside the downtrend with the target at 56.56.
XAUUSD, “Gold vs US Dollar”
Gold is forming the divergent Triangle Pattern at the lows. Possibly, today the price may fall towards 1321.00 and grow to reach 1334.00.
BRENT
Brent is consolidating around 68.50. If later the instrument breaks this range to the upside, the market may grow to reach 71.31; if to the downside – continue the correction with the target at 66.50.
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.