Forex Technical Analysis & Forecast 30.04.2018 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)
EURUSD, “Euro vs US Dollar”
EURUSD has completed the ascending structure at 1.2133. Possibly, today the price may rebound from this level. Later, the market may continue trading to the downside to reach the short-term target at 1.1964.
GBPUSD, “Great Britain Pound vs US Dollar”
GBPUSD has finished another descending impulse and right now is forming a new consolidation range near the lows. If later the instrument breaks this range to the downside, the market may continue falling to reach 1.3680; if to the upside – start another correction towards 1.3840 and then resume trading with the target at 1.3680.
USDCHF, “US Dollar vs Swiss Franc”
USDCHF has completed the ascending wave and right now is consolidating near the highs. If later the instrument breaks this range to the upside, the market may continue growing to reach 0.9988; if to the downside – start another correction towards 0.9785.
USDJPY, “US Dollar vs Japanese Yen”
USDJPY is still consolidating at the top. If later the instrument breaks this range to the upside, the market may continue growing to reach 109.80; if to the downside – start another correction towards 107.20.
AUDUSD, “Australian Dollar vs US Dollar”
AUDUSD is still consolidating around 0.7562. If later the instrument breaks this range to the downside, the market may continue falling to reach 0.7474; if to the upside – start another correction towards 0.7777.
USDRUB, “US Dollar vs Russian Ruble”
USDRUB has expanded its consolidation range up to 63.00 and right now is forming a new descending impulse towards 61.43. If later the instrument breaks this range to the upside, the market may continue growing to reach 65.00; if to the downside – resume trading to the downside towards 58.15.
XAUUSD, “Gold vs US Dollar”
Gold continues consolidating. Today, the price may continue trading to the downside to reach the target at 1308.00. After that, the instrument may grow towards 1325.00 and then resume falling to reach 1300.00.
BRENT
Brent is still consolidating around 74.00. If later the instrument breaks this range to the downside, the market may correction to reach 72.00; if to the upside – resume growing towards 75.88.
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.