Forex Technical Analysis & Forecast 18.04.2018 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)

18.04.2018

EURUSD, “Euro vs US Dollar”

EURUSD has finished the first descending impulse and right now is being corrected. Possibly, the price may reach 1.2382. Later, the market may form another descending impulse towards the short-term target at 1.2280.

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 completed the first descending impulse. Possibly, today the price may be corrected upwards to reach 1.4333 and then form another descending impulse with the short-term target at 1.4200.

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 0.9645 to the upside and continue growing to reach 0.9700. After that, the instrument may start another correction towards 0.9440.

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 growing towards 107.36. Later, the market may resume trading to the downside to reach the short-term target at 106.60.

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 moving downwards. Possibly, the price may form another descending wave with the target at 0.7700.

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 returned to 61.00 and right now is consolidating near the lows. Later, the market may break this range to the upside and grow towards 63.00 or even reach the target at 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 is moving downwards. Today, the price may fall to reach 1335.00 and then grow towards 1341.00. After that, the instrument may resume 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 is consolidating in the center of the range. Possibly, today the price may reach 72.49 and then start another decline towards 70.55. Later, the market may resume growing with the target at 73.33.

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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