Forex Technical Analysis & Forecast 30.10.2018 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)

EURUSD, “Euro vs US Dollar”

EURUSD is consolidating around 1.1385. Today, the pair may reach 1.1352 and then grow towards 1.1407, thus forming the Triangle pattern. If the instrument breaks this pattern to the downside, the price may resume trading inside the downtrend towards 1.1220; if to the upside – start a new correction with the target at 1.1478 and then continue falling to reach 1.1150.

GBPUSD, “Great Britain Pound vs US Dollar”

GBPUSD has rebounded from 1.2855 and right now is moving downwards. According to the main scenario, the price may break 1.2782 and then continue trading inside the downtrend with the target at 1.2660.

USDCHF, “US Dollar vs Swiss Franc”

USDCHF is growing. Possibly, today the price may reach 1.0044 and then form a new correctional structure towards 0.9966. Later, the market may resume trading inside the uptrend with the target at 1.0120.

USDJPY, “US Dollar vs Japanese Yen”

USDJPY is still moving upwards. Possibly, the price may reach 112.95 and then fall towards 112.14, thus forming a new consolidation range. If the instrument breaks this range to the downside, the price may resume trading inside the downtrend with the target at 111.00; if to the upside – continue the correction to reach 113.10.

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD has finished the ascending impulse along with the correction, thus forming another consolidation range. If the instrument breaks this range to the upside, the price may continue the correction towards 0.7160; if to the downside – resume trading inside the downtrend with the target at 0.7000.

USDRUB, “US Dollar vs Russian Ruble”

USDRUB is still trading in the center of the consolidation range around 65.55. Possibly, today the price may grow to reach the upside border at 66.36 and then resume falling with the short-term target at 63.90.

XAUUSD, “Gold vs US Dollar”

Gold has reached another downside target. Possibly, today the pair may form a new ascending structure towards 1233.85 and then fall to reach 1228.85, thus forming another consolidation range. If the instrument breaks this range to the upside, the price may resume trading inside the uptrend towards 1255.55; if to the downside – start a new correction with the target at 1206.06.

BRENT

Brent is trading to rebound from 77.15. Possibly, the price may form a new ascending structure with the short-term target at 78.70 and then start another decline to return to 77.15. Later, the market may move upwards to reach 78.95 resume falling towards 74.98.