Forex Technical Analysis & Forecast 17.04.2018 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)

17.04.2018

EURUSD, “Euro vs US Dollar”

EURUSD has broken 1.2350 to the upside and may continue consolidating. Today, the price may form another descending structure to return to 1.2350 to test it from above. Later, the market may start another growth towards 1.2400 to complete this ascending wave. After that, the instrument may resume trading to the downside with the target at 1.2160.

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 has broken 1.4240 to the upside and finished another ascending structure. Possibly, today the price may return to 1.4240 to test it from above and then grow to reach 1.4290. After that, the instrument may form another descending structure with the target at 1.4150.

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 broken 0.9617 to the downside and completed the correctional structure at 0.9577. Today, the price may grow to return to 0.9617 and then fall towards 0.9588, thus forming another consolidation range. If later the market breaks this range to the upside, the instrument may continue growing to reach 0.9700; if to the downside – continue the correction towards 0.9450.

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 forming the first correctional structure to the downside. Possibly, today the price may fall to reach 106.96 and then resume growing towards 107.36. Later, the market may trade to the downside to reach the short-term target at 106.59.

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 is still consolidating at the top of the ascending structure. Possibly, today the price may break the low of this consolidation range and fall to reach 0.7744. After that, the instrument may break this level as well and then continue moving downwards with the first target at 0.7688.

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 moving upwards. Possibly, the price may reach 62.90. Later, the market may fall towards 61.00 and then start another growth with the target at 63.00.

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

 

XAUUSD, “Gold vs US Dollar”

Gold is consolidating around 1346.00. Today, the price may grow to reach 1351.00 and then fall towards 1340.00. After that, the instrument may break this level to the downside and then continue moving downwards with the target at 1328.00.

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

 

BRENT

Brent continues consolidating around 71.88. Possibly, today the price may fall to reach 70.55 and then start another growth towards 73.45. Later, the market may form a new correction with the target at 67.90.

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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