Forex Technical Analysis & Forecast 02.07.2018 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)

EURUSD, “Euro vs US Dollar”

EURUSD is forming another descending structure towards 1.1475. After that, the instrument may resume growing to reach 1.1600 and continue trading downwards with the target at 1.1425.

GBPUSD, “Great Britain Pound vs US Dollar”

GBPUSD is moving downwards. Possibly, the pair may fall to reach 1.3030 and then grow towards 1.3266. Later, the market may start another decline with the target at 1.2933.

USDCHF, “US Dollar vs Swiss Franc”

USDCHF is moving upwards. Today, the price may grow to break 0.9860 and then continue trading to the upside to reach the short-term target at 1.0080. 

USDJPY, “US Dollar vs Japanese Yen”

USDJPY is consolidating at the top of the ascending wave. Possibly, today the pair may reach 110.32. After that, the instrument may break this level to the downside and then continue trading downwards with the first target at 109.58.

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD is moving downwards. Possibly, the pair may continue trading downwards to reach 0.7285. Later, the market may start another growth towards 0.7478.

USDRUB, “US Dollar vs Russian Ruble”

USDRUB is falling. Today, the price may reach 62.13, break it, and then continue trading downwards with the short-term target at 60.77.

XAUUSD, “Gold vs US Dollar”

Gold is falling as well. Possibly, the pair may reach 1243.00 and then form another ascending structure towards 1257.00. After that, the instrument may resume falling with the target at 1240.00.

BRENT

Brent has expanded its consolidation range towards 77.70 and right now is trading close to it. Today, the price may continue trading upwards. The short-term target is at 81.30.