Forex Technical Analysis & Forecast 13.04.2018 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)

13.04.2018

EURUSD, “Euro vs US Dollar”

EURUSD has finished the second descending impulse and right now is being corrected. Today, the price may grow with the target at 1.2339 and then fall to reach 1.2280. Later, the market may start another correction to return to 1.2339.

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. Possibly, the price may extend the current structure towards 1.4262. After that, the instrument may form another descending structure with the first target at 1.4118.

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 has completed another ascending structure. Possibly, today the price may fall to reach 0.9580 and then resume growing towards the short-term target at 0.9700.

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 continues growing; it has broken 107.22 and may continue trading towards 107.74. Later, the market may start another correction with the target at 106.20.

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 returned to 0.7777. Today, the price may consolidate at the top and form a reversal pattern. The next downside target is at 0.7570.

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 being corrected towards 60.96. After that, the instrument may start another growth to reach 66.30.

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 completed the second descending impulse and right now is being corrected. Possibly, the price may reach 1346.00 and then resume falling towards the first target at 1328.00.

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

 

BRENT

Brent has finished the second descending impulse along with the correction. Possibly, today the price may start another decline with the target at 70.54. Later, the market may grow to reach 74.00 and then resume falling towards the first target at 70.00.

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

 

RoboForex Analytical Department

 

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.

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