Forex Technical Analysis & Forecast 10.07.2018 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)

EURUSD, “Euro vs US Dollar”

EURUSD has reached the short-term upside target; it has formed another consolidation range and right now is trading downwards. Possibly, the pair may reach 1.1675 and then form a new ascending structure to continue the correction towards 1.1818 (an alternative scenario). According to the main scenario, the instrument may continue trading to the downside with the target at 1.1425.

GBPUSD, “Great Britain Pound vs US Dollar”

GBPUSD has reached the short-term upside target and right now is falling. Possibly, the pair may reach 1.3178 and then form another ascending structure towards 1.3375 to continue the correction (an alternative scenario). According to the main scenario, the instrument may continue trading downwards with the target at 1.3000.

USDCHF, “US Dollar vs Swiss Franc”

USDCHF has reached the short-term downside target and returned to 0.9918. Possibly, today the pair may continue this structure towards 0.9944 and then form a new descending wave to reach 0.9850 and continue the correction (an alternative scenario). According to the main scenario, the instrument may continue trading to the upside with the target at 1.0100. 

USDJPY, “US Dollar vs Japanese Yen”

USDJPY has reached the target of the ascending structure and right now is trading to expand it twice. Today, the price may reach 111.22 and then resume falling inside the downtrend. The first target is at 109.34.

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD has reached the short-term upside target and right now is consolidating. Possibly, today the pair may fall towards 0.7412 and then form another ascending structure to reach 0.7511 and continue the correction (an alternative scenario). According to the main scenario, the instrument may continue trading to the downside with the target at 0.7285.

USDRUB, “US Dollar vs Russian Ruble”

USDRUB is moving downwards. Today, the price may break 62.53. The target is at 62.05. Later, the market may continue trading to the downside with the short-term target at 60.60.

XAUUSD, “Gold vs US Dollar”

Gold has reached a new high and right now is falling. Possibly, the pair may be corrected with the target at 1249.00. After that, the instrument may form a new ascending structure with the short-term target at 1270.00.

BRENT

Brent is moving upwards. Today, the price may reach 79.50 and start another correctional structure towards 78.45. Later, the market may continue trading upwards with the short-term target at 80.50. The main target is at 82.00.