Forex Technical Analysis & Forecast 05.07.2018 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)

EURUSD, “Euro vs US Dollar”

EURUSD is still consolidating around 1.1645 without any particular direction. Possibly, the pair may form another ascending structure to reach 1.1698 (an alternative scenario). According to the main scenario, the price is expected to trade downwards to break 1.1575 and then continue falling to reach 1.1464.

GBPUSD, “Great Britain Pound vs US Dollar”

GBPUSD has reached the upside border of the consolidation channel. Possibly, today the pair may fall to break 1.3100 and then continue trading to the downside with the target at 1.3030.

USDCHF, “US Dollar vs Swiss Franc”

USDCHF is consolidating around 0.9930. Today, the price may fall to reach 0.9898. After that, the instrument may grow to break 0.9990 and then continue trading to the upside with the target at 1.0080. 

USDJPY, “US Dollar vs Japanese Yen”

USDJPY is forming another descending impulse. Possibly, today the pair may grow to reach 110.23 and then resume falling with the target at 110.70. Later, the market may start a new ascending wave towards the short-term target at 108.70.

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD is being corrected towards 0.7355. Later, the price may trading to the upside with the target at 0.7480.

USDRUB, “US Dollar vs Russian Ruble”

USDRUB is consolidating around 63.00. Possibly, the pair may fall to break 62.08 and then continue trading downwards with the short-term target at 60.70.

XAUUSD, “Gold vs US Dollar”

Gold is being corrected towards 1249.00. After that, the instrument may form a new ascending structure to reach 1270.00.

BRENT

Brent is consolidating around 77.70 without any particular direction. Possibly, the pair may grow to reach 80.70 and then fall to return to 78.90. Later, the market may continue trading upwards to reach 82.00.