Forex Technical Analysis & Forecast 09.07.2018 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)

09.07.2018

EURUSD, “Euro vs US Dollar”

EURUSD has broken 1.1675 upwards and may continue the correction to reach 1.1818. After that, the instrument may form a new ascending structure towards 1.1855.

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 has broken 1.3220 upwards and may continue the correction with the short-term target at 1.3333. Later, the market may trade to the downside to reach 1.3212 and then form a new ascending structure towards 1.3375.

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 still being corrected. Possibly, today the pair may fall with the short-term target at 0.9872. After that, the instrument may grow towards 0.9918 and then continue trading to the downside to reach 0.9850. 

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 is falling towards 110.23. Later, the market may form another ascending structure with the target at 110.70 and then continue trading downwards to reach 109.58.

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 has broken 0.7414 upwards and may continue the correction with the short-term target at 0.7470. After that, the instrument may fall to return to 0.7414 and then resume trading to the upside to reach 0.7520.

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 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.

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

 

XAUUSD, “Gold vs US Dollar”

Gold is consolidating near the top. According to the main scenario, the instrument may be corrected downwards to reach 1249.00 and then form a new ascending structure with the short-term target at 1267.00. Later, the market may fall towards 1258.00 and then resume growing to reach 1279.00.

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

 

BRENT

Brent is consolidating above 77.70. Today, the price may fall to reach 76.90 and then continue trading upwards with the short-term target at 80.80.

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

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.