Forex Technical Analysis & Forecast 07.05.2019 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)

07.05.2019

EURUSD, “Euro vs US Dollar”

EURUSD is moving upwards. Possibly, today the pair may reach 1.1214 and then start a new decline towards 1.1196. Later, the market may form one more ascending structure with the target at 1.1222 to continue the correction.

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 moving upwards to reach 1.3125. After that, the instrument may form a new descending structure towards 1.3074 and then start another growth to return o 1.3125.

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 moving downwards. Possibly, the pair may continue the correction towards 1.0160 and then form one more ascending structure to reach 1.0170. Later, the market may start another decline with the target at 1.0142.

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 moving downwards. Possibly, the pair may reach 110.25 and then start a new growth towards 110.61. After that, the instrument may resume trading inside the downtrend with the target at 109.55.

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 is moving upwards. Possibly, the pair may continue the correction to reach 0.7013 and resume 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 is falling to reach 64.85. Later, the market may form one more ascending structure to reach 66.02 and then start another decline towards 64.44.

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

XAUUSD, “Gold vs US Dollar”

Gold is moving upwards. Possibly, the pair may reach 1285.97. After that, the instrument may resume trading inside the downtrend with the target at 1281.50.

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

BRENT

Brent is moving upwards; right now, it is consolidating around 71.48. If the price breaks the range to the upside, the instrument may resume trading inside the uptrend with the first target at 73.63. Later, the market may form a new descending structure towards 71.50.

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.