Forex Technical Analysis & Forecast 05.12.2018 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)

December 5, 2018

Article By RoboForex.com

EURUSD, “Euro vs US Dollar”

EURUSD has quickly rebounded from 1.1414. Possibly, today the pair may continue falling to reach 1.1310. Later, the market may start another growth towards 1.1330 and then trade downwards to reach 1.1295, thus forming a new consolidation range around 1.1310. If later the instrument breaks this range to the downside, the price may continue trading inside the downtrend with the target at 1.1220.

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”


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GBPUSD has rebounded from 1.2828. Possibly, the pair may continue falling inside the downtrend towards 1.2655 and then trade upwards to reach 1.2777. After that, the instrument may form a new descending structure with the target at 1.2622.

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 growing towards 1.0007. Today, the pair may reach this level and break it. The short-term target at 1.0040. Later, the market may test 1.0007 from above and then continue trading inside the uptrend with the short-term target at 1.0100.

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 has reached the short-term downside target; right now, it is forming another descending structure towards 112.40. Possibly, today the pair may be corrected to test 113.20 from below and then continue trading inside the downtrend with the first target at 112.40.

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 broken the consolidation channel downwards; right now, it is forming the first descending impulse with the target at 0.7256. After that, the instrument may be corrected towards 0.7323 and then resume falling inside the downtrend to reach 0.7222.

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 consolidating around 66.47 without any particular direction. Today, the pair may fall to break 65.60 and then continue trading inside the downtrend with the short-term target at 64.64.

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 reached another upside target. However, today the instrument isn’t traded. After the market opening on Thursday, the pair may form a new descending structure with the first target at 1216.20.

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

BRENT

Brent is consolidating close to 61.50. However, today the instrument isn’t traded as well. After the market opening on Thursday, the instrument may form one more ascending structure with the target at 65.80.

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

Article By RoboForex.com

Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex LP bears no responsibility for trading results based on trading recommendations described in these analytical reviews.