Forex Technical Analysis & Forecast 17.08.2018 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)

17.08.2018

EURUSD, “Euro vs US Dollar”

EURUSD is being corrected upwards. Possibly, the pair may grow towards 1.1430 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 consolidating; right now, it is forming another ascending structure with the target at 0.9987. Later, the market may 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 is consolidating at the top of ascending structure. Today, the price may break the range downwards and continue falling inside the downtrend to reach 0.7133.

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 forming another descending structure to break 65.95. Later, the market may 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 finished the ascending impulse along with the correction and formed 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 is trading upwards to reach 71.56. Later, the market may resume falling towards 70.65 and then start another growth with the target at 72.95.

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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