{"id":110297,"date":"2017-08-04T09:54:34","date_gmt":"2017-08-04T13:54:34","guid":{"rendered":"http:\/\/countingpips.com\/?p=110297"},"modified":"2017-08-04T08:55:17","modified_gmt":"2017-08-04T12:55:17","slug":"forex-technical-analysis-forecast-04-08-2017-eurusd-gbpusd-usdchf-usdjpy-audusd-usdrub-gold-brent","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2017\/08\/forex-technical-analysis-forecast-04-08-2017-eurusd-gbpusd-usdchf-usdjpy-audusd-usdrub-gold-brent\/","title":{"rendered":"Forex Technical Analysis & Forecast 04.08.2017 (EUR\/USD, GBP\/USD, USD\/CHF, USD\/JPY, AUD\/USD, USD\/RUB, GOLD, BRENT)"},"content":{"rendered":"
August 4, 2017<\/div>
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Article By RoboForex.com<\/u><\/a><\/strong><\/p>\n

EUR USD, \u201cEuro vs US Dollar\u201d<\/strong><\/p>\n

The EUR\/USD pair has completed the ascending correctional structure. We think, today the price may fall towards 1.1853 and reach the downside border of the range. If later the instrument breaks this consolidation channel to the downside, the market may fall to reach the local target at 1.1760; if to the upside \u2013 continue growing towards 1.1914.<\/p>\n

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GBP USD, \u201cGreat Britain Pound vs US Dollar\u201d<\/strong><\/p>\n

The GBP\/USD pair has broken its consolidation range to the downside. \u00a0Possibly, today the price may grow towards 1.3187 and then start another descending structure with the target at 1.3000.<\/p>\n

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USD CHF, \u201cUS Dollar vs Swiss Franc\u201d<\/strong><\/p>

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The USD\/CHF pair is still consolidating around 0.9673. Possibly, today the price may fall to reach 0.9600 and then start another growth towards the upside border of the range. If later the instrument breaks it to the downside, the market may be corrected to reach 0.9530; if to the upside \u2013 continue growing with the target at 0.9822.<\/p>\n

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USD JPY, \u201cUS Dollar vs Japanese Yen\u201d<\/strong><\/p>\n

The USD\/JPY pair has reached another new low and right now is consolidating again. Possibly, the price may test 110.22 from below and then fall to reach 109.72 or even extend this structure towards 109.45.<\/p>\n

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AUD USD, \u201cAustralian Dollar vs US Dollar\u201d<\/strong><\/p>\n

The AUD\/USD pair is forming the third descending wave; it has already completed the correction towards 0.7986. We think, today the price may rebound from this level and fall to reach the local target at 0.7896. Later, in our opinion, the market may grow with the target at 0.7968.<\/p>\n

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USD RUB, \u201cUS Dollar vs Russian Ruble\u201d<\/strong><\/p>\n

The USD\/RUB pair is forming another consolidation channel at 60.23. If later the instrument breaks this consolidation channel to the downside, the market may continue falling inside the downtrend; if to the upside \u2013 grow with the target at 61.70.<\/p>\n

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XAU USD, \u201cGold vs US Dollar\u201d<\/strong><\/p>\n

Gold is trading towards the upside border of the consolidation range. Possibly, the price may reach 1273.52 and then fall towards 1265.20. If later the instrument breaks this consolidation channel to the upside, the market may reach 1283.87; if to the downside \u2013 start another correction with the target at 1244.00.<\/p>\n

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BRENT<\/strong><\/p>\n

Brent is consolidating at the top of the ascending structure. We think, today the price may fall towards the downside border of the range at 50.80. If later the instrument breaks this range to the downside, the market may be corrected towards 48.30; if to the upside \u2013 continue growing with the target at 54.70.<\/p>\n

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RoboForex Analytical Department<\/strong><\/p>\n

<\/strong><\/p>\n

Article By RoboForex.com<\/u><\/a><\/strong><\/p>\n

Attention!<\/strong>
\nForecasts presented in this section only reflect the author\u2019s 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.<\/p>\n","protected":false},"excerpt":{"rendered":"

Article By RoboForex.com EUR USD, \u201cEuro vs US Dollar\u201d The EUR\/USD pair has completed the ascending correctional structure. We think, today the price may fall towards 1.1853 and reach the downside border of the range. If later the instrument breaks this consolidation channel to the downside, the market may fall to reach the local target […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-110297","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/110297","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=110297"}],"version-history":[{"count":1,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/110297\/revisions"}],"predecessor-version":[{"id":110298,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/110297\/revisions\/110298"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=110297"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=110297"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=110297"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}