Cookies help us deliver our services. By using our services, you agree to our use of cookies.
Learn more Got it
Dakar 2017
Roboforex is an official sponsor
of "Starikovich-Heskes Team"
at the Dakar 2017
Home / Analytics / Forex analysis & forecasts / Forex Technical analysis and forecasts / Forex Technical Analysis 19.05.2016 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD)
Ask a question
Did not find the information you need? Ask your questions and get answers online!
Enter chat
Or enter your phone number in the form below and we will call you right away.
Call back




Forex Technical Analysis 19.05.2016 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD)

19.05.2016

Analysis for May 19th, 2016

EUR USD, “Euro vs US Dollar”

We think, today the price may reach a new low. Later, in our opinion, the market may form another consolidation to start a new correction. The target of the correction is at 1.1400; the pair may to test it from below.




GBP USD, “Great Britain Pound vs US Dollar”

Pound continues growing and may reach 1.4641. After that, the pair may fall towards 1.4522 and then form another ascending structure with the target at 1.4715.




USD CHF, “US Dollar vs Swiss Franc”

Being under pressure, Franc is moving upwards. We think, today the price may reach 0.9940. After that, the pair may form another consolidation channel to start a new correction towards 0.9700.




USD JPY, “US Dollar vs Japanese Yen”

Yen has reached the target of the ascending extension. We think, today the price may grow to reach 110.80. After that, the pair may form another consolidation channel with a reversal pattern to continue the downtrend. The local target is at 104.00.




AUD USD, “Australian Dollar vs US Dollar”

Australian Dollar has broken its consolidation range downwards. Right now, the market is still falling towards the main target at 0.7140. After that, the pair may return to 0.7480.




USD RUB, “US Dollar vs Russian Ruble”

Russian Ruble is moving in the center of the consolidation range. We think, today the price may grow towards the upside border at 66.00 and then fall to reach the downside one.




XAU USD, “Gold vs US Dollar”

Gold is forming the fifth descending structure with the target at 1248.50. We think, today the price may reach this level. Later, in our opinion, the market may start consolidating to form a new correction with the target at 1275.00.



 
RoboForex Analytical Department

Dear reader!

Without authorization, you can view no more than two reviews per day and no more than 10 per month. To continue reading analytical reviews, register or login to your Members Area.

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.