Forex Technical Analysis & Forecast 18.06.2018 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)

18.06.2018

EURUSD, “Euro vs US Dollar”

After a significant decline, EURUSD has started consolidating. Possibly, today the price may reach 1 .1570 and then grow towards 1.1640. Later, the market may fall to break 1.1535 and then continue falling inside the downtrend with the short-term target at 1.1430.

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 1.3300 downwards and is still falling inside the downtrend. The first target is at 1.3160. After that, the instrument may return to 1.3300 and then start another decline with the short-term target at 1.3022.

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 reached the predicted target of the third ascending structure. Today, the price may form a new consolidation range around 0.9966. If later the pair breaks this range to the downside, the market may start another correction towards 0.9904; if to the upside – continue trading upwards to reach 1.0020 or even 1.0108.

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 falling. Today, the price may reach 110.02 and then grow towards 110.45, thus forming a new consolidation range. If later the pair breaks this range to the upside, the market may grow towards 111.11; if to the downside – continue trading to the downside to reach 109.00.

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 around 0.7450. If later the pair breaks this range to the upside, the market may grow towards 0.7540; if to the downside – continue trading to the downside to reach 0.7400.

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 consolidating around 62.56. Possibly, the price may reach 63.52 and then fall towards 62.25. If later the pair breaks this range to the downside, the market may reach 61.57, break it, and then continue trading downwards to reach 59.85.

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 broken 1288.00 downwards and may continue falling to reach the short-term target at 1252.00. Right now, the price is consolidating. If later the pair breaks this range to the downside, the market may continue falling to reach the above-mentioned target; if to the upside – start another correction to return to 1288.00 and then resume trading to the downside.

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

 

BRENT

Brent is falling. Possibly, the price may continue the correction to reach 72.30 and then form a new ascending structure towards 74.88. Later, the market may resume falling towards 71.80 to finish the correction and then start another growth with the target at 82.30.

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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