Forex Technical Analysis & Forecast 03.05.2019 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)

03.05.2019

EURUSD, “Euro vs US Dollar”

EURUSD is still forming the second descending impulse. Today, the pair may reach 1.1162 and then start another growth towards 1.1188. After that, the instrument may form a new descending structure with the short-term target at 1.1154.

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 is still forming the second descending impulse. Possibly, today the pair may reach 1.2992 and then form one more ascending structure towards 1.3033. After that, the instrument may start a new decline with the short-term target at 1.2977.

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 consolidating around 1.0185. Today, the pair may break the range upwards and then resume growing with the target at 1.0245.

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 consolidating around 111.44. Possibly, today the pair may form one more ascending structure to reach 111.44 and then resume falling with the target at 110.70.

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 completed another descending structure. Today, the pair may consolidate around 0.6996. Possibly, the price may grow towards 0.7033 and then trade downwards to break 0.6955. After that, the instrument may continue trading inside the downtrend with the target at 0.6925.

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 has broken 64.85 and reached 65.47. Possibly, today the pair may fall to return to 64.85 and start a new growth towards 66.02. After that, the price is expected to resume trading inside the downtrend with the target at 63.03.

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

XAUUSD, “Gold vs US Dollar”

Gold has completed another descending impulse. Possibly, today the pair may be corrected towards 1274.28 and then start another decline with the target at 1261.40.

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

BRENT

Brent has broken 71.60 and reached 70.30. Today, the pair may start a new growth with the target at 71.61. Later, the market may form a new descending structure towards 70.10 and then resume trading inside the uptrend to reach 73.73.

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.