Forex Technical Analysis & Forecast 01.05.2018 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)

EURUSD, “Euro vs US Dollar”

EURUSD is consolidating near the downside border of the range. Possibly, the price may break 1.2055 and then continue trading to the downside to reach the short-term target at 1.1975.

GBPUSD, “Great Britain Pound vs US Dollar”

GBPUSD is still consolidating. Today, the price may continue falling to reach the first target at 1.3520.

USDCHF, “US Dollar vs Swiss Franc”

USDCHF is consolidating near the upside border of the range. If later the instrument breaks 0.9922 to the upside, the market may continue growing to reach 0.9988.

USDJPY, “US Dollar vs Japanese Yen”

USDJPY is still consolidating near the upside border of the range. If later the instrument breaks 109.52 to the upside, the market may continue growing to reach 109.88.

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD is trading to break 0.7545 to the downside. Possibly, today the price may reach 0.7500.

USDRUB, “US Dollar vs Russian Ruble”

USDRUB is trading to break 63.00 to the upside. Today, the price may continue growing to reach 63.83 and then resume trading to the downside towards 61.50.

XAUUSD, “Gold vs US Dollar”

Gold is moving downwards. Possibly, the price may break 1311.00 and fall to reach 1304.00. After that, the instrument may grow to return to 1311.00 and then resume falling towards 1300.00.

BRENT

Brent is still consolidating; it has expanded the range towards 75.90. Today, the price may fall to reach 74.60 and then resume growing towards 77.15.

RoboForex Analytical Department