Forex Technical Analysis & Forecast 30.04.2019 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)

EURUSD, “Euro vs US Dollar”

After forming a narrow consolidation range, EURUSD had broken it upwards to continue the correction. Possibly, today the pair may fall to reach 1.1160 and then start another growth towards 1.1200. Later, the market may resume trading inside the downtrend with the target at 1.1050.

GBPUSD, “Great Britain Pound vs US Dollar”

GBPUSD is consolidating towards 1.2952. Today, the pair may reach this level and then form a new descending structure with the target at 1.2909.

USDCHF, “US Dollar vs Swiss Franc”

USDCHF is consolidating above 1.0207 without any particular direction. Possibly, today the pair may fall to reach 1.0178 and then form one more ascending structure towards 1.0233. If later the price breaks this level to the upside, the instrument may continue trading inside the uptrend with the target at 1.0294.

USDJPY, “US Dollar vs Japanese Yen”

USDJPY is consolidating above 111.44. Today, the pair may reach 111.51 and then form one more ascending structure towards 111.71. Later, the market may start another decline to break 111.44 and then continue falling with the target at 110.99.

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD is consolidating around 0.7033. Possibly, the pair may grow towards 0.7072 and then start another decline to beak 0.7000. After that, the instrument may continue trading inside the downtrend with the target at 0.6932.

USDRUB, “US Dollar vs Russian Ruble”

USDRUB has broken 64.60. According to the main scenario, the price is expected to return to this level and then form a new descending structure to reach 64.26. Later, the market may start another correction to return to 64.60.

XAUUSD, “Gold vs US Dollar”

Gold has reached 1283.60. Possibly, today the pair may fall to reach 1280.80. If later the price breaks the range to the downside, the instrument may resume trading inside the downtrend with the target at 1274.50; if to the upside – start a new growth towards 1289.00.

BRENT

Brent is trading upwards to reach 72.68. Later, the market may form one more ascending structure towards 70.32 to complete the correction. After that, the instrument may resume trading inside the uptrend with the target at 76.50.