Forex Technical Analysis & Forecast 11.04.2018 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)

11.04.2018

EURUSD, “Euro vs US Dollar”

EURUSD is moving upwards. Possibly, today the price may reach 1.2390 and then fall towards 1.2300. Later, the market may form another consolidation range between these two levels.

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 also moving upwards. Possibly, the price may form another ascending structure towards 1.4229 and then fall to reach the target is at 1.4100.

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 trading around 0.9582. Today, the price may fall to reach 0.9522 and then grow towards 0.9622.

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 has completed another ascending impulse and right now is being corrected. Possibly, the price may reach 106.87. After that, the instrument may start another growth with the first target at 107.74.

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 extending the ascending structure. Possibly, the price may test 0.7777 from below and then resume falling to reach 0.7567.

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 finished the descending impulse towards 62.00 along with the correction. After breaking the low, the market may fall to reach 61.00 and then start another growth with the target at 66.33.

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

 

XAUUSD, “Gold vs US Dollar”

Gold continues moving upwards. Possibly, the price may to reach 1344.00. After that, the instrument may start another correction with the target at 1338.00.

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

 

BRENT

Brent is trading upwards. Today, the price may reach the short-term target at 72.22. Later, the market may be corrected towards 68.00 and then form another ascending structure to reach 74.00.

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

 

RoboForex Analytical Department

 

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.