Forex Technical Analysis & Forecast 12.04.2018 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)
EURUSD, “Euro vs US Dollar”
EURUSD is forming the first descending impulse with the target at 1.2333. Later, the market may grow to reach 1.2366 and then form the second impulse to the downside towards 1.2294.
GBPUSD, “Great Britain Pound vs US Dollar”
GBPUSD is consolidating at the top of the ascending structure. Possibly, the price may break the downside border and reach 1.4118. After that, the instrument may form another ascending structure towards 1.4182 and then resume falling towards 1.3980.
USDCHF, “US Dollar vs Swiss Franc”
USDCHF is forming another ascending structure with the target at 0.9622. Later, the market may fall to reach 0.9580 and then resume growing towards the short-term target at 0.9700.
USDJPY, “US Dollar vs Japanese Yen”
USDJPY is consolidating around 106.97. Possibly, today the price may fall to reach the short-term target at 106.52. In fact, the instrument is expected to continue the correction. The target is at 106.42.
AUDUSD, “Australian Dollar vs US Dollar”
AUDUSD is consolidating at the top of the ascending structure. According to the main scenario, the price may form another descending structure towards 0.7650, break it, and then continue falling to reach the short-term target at 0.7567.
USDRUB, “US Dollar vs Russian Ruble”
USDRUB is consolidating around 63.56. Possibly, today the price may fall to reach 62.12 and then start another growth to return to 63.56.
XAUUSD, “Gold vs US Dollar”
Gold has completed the descending impulse along with the correction. Today, the price may break the low of this impulse. The target is at 1336.00. After that, the instrument may start another growth to reach 1346.00 and then resume falling towards 1331.00.
BRENT
Brent has reached the target of the ascending wave. Possibly, today the price may start another consolidation range near the highs. Later, the market may break the range to the downside to start another correction towards 70.00 and then resume growing to reach 74.00.
RoboForex Analytical Department
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.