Forex Technical Analysis & Forecast 16.08.2018 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)

16.08.2018

EURUSD, “Euro vs US Dollar”

EURUSD has reached 1.1300 and right now is being corrected upwards. Possibly, the pair may grow towards 1.1416 and then resume falling inside the downtrend with the target at 1.1238.

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 still consolidating. Possibly, today the pair may grow to reach 1.2765 and then continue the downtrend towards 1.2600.

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 forming another descending structure with the target at 0.9907. Later, the market may grow towards 0.9988 and then start a new correction to reach 0.9945. After that, the instrument may resume growing towards 1.0060.

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 is still being corrected. Today, the pair may form another ascending structure to reach 111.66. After that, the instrument may resume trading inside the downtrend towards 109.72. the short-term target is at 107.40.

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 returned to 0.7273 to test it from below. Today, the price may continue falling inside the downtrend to reach 0.7178.

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 has completed the first descending wave; right now, it is being corrected with the target at 67.80. Later, the market may form the second impulse to break 65.95 and then continue falling inside the downtrend with the short-term target at 64.00.

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 the short-term target at 1160.00 and may consolidate near the lows. Possibly, today the pair may grow towards 1180.00 and then fall to reach 1169.00, thus forming a new consolidation range. If later the instrument breaks this range to the upside, the price may continue the correction towards 1197.00; if to the downside – start another decline with the target at 1150.00.

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

 

BRENT

Brent has completed another descending structure. Today, the pair may grow towards 72.98 and then start a new correction to reach 71.56. Later, the market may resume trading upwards with the first target at 77.00.

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

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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