Forex Technical Analysis & Forecast 04.04.2019 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)

EURUSD, “Euro vs US Dollar”

EURUSD is being corrected towards 1.1259. Today, the pair may fall to reach 1.1222 and then resume growing towards 1.1259. Later, the market may continue trading inside the downtrend with the short-term target at 1.1164.

GBPUSD, “Great Britain Pound vs US Dollar”

GBPUSD is trading upwards. Possibly, today the pair may form a new ascending structure to reach 1.3244 and then continue trading downwards with the target at 1.3130. After that, the instrument may start a new growth towards 1.3275 and then resume trading inside the downtrend to reach 1.2950.

USDCHF, “US Dollar vs Swiss Franc”

USDCHF has rebounded from 0.9960. Possibly, today the pair may continue growing with the short-term target at 1.0025.

USDJPY, “US Dollar vs Japanese Yen”

USDJPY is trading around 111.46 without any particular direction. After breaking the range to the upside, the instrument may start a new growth with the target at 111.60 and then resume falling towards 110.72.

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD is consolidating around 0.7129. If later the price breaks this range to the downside, the instrument may resume trading inside the downtrend with the target at 0.7030; it to the upside – continue the correction with the target at 0.7166.

USDRUB, “US Dollar vs Russian Ruble”

USDRUB is forming the first descending wave towards 64.60. Later, the market may resume growing to reach 65.24 and then start a new decline with the target at 63.36.

XAUUSD, “Gold vs US Dollar”

Gold is still consolidating around 1290.00. According to the main scenario, the price is expected to break the range to the downside and continue forming the third wave with the target at 1260.00. However, If the pair breaks the range upwards, the market may start a new correction towards 1304.00 and then resume trading downwards.

BRENT

Brent is still consolidating around 69.75. 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 be form one more ascending structure with the target at 73.00.