Forex Technical Analysis & Forecast 22.01.2018 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD, BRENT)

22.01.2018

EUR USD, “Euro vs US Dollar”

The EUR/USD pair is forming another descending structure with the target at 1.2060. Later, in our opinion, the market may start another correction to reach 1.2185.

EURUSD

 

GBP USD, “Great Britain Pound vs US Dollar”

The GBP/USD pair has completed the first descending impulse along with the correction. We think, today the price may form the second impulse to reach 1.3712. After that, the instrument may be corrected towards 1.3825.

GBPUSD

 

USD CHF, “US Dollar vs Swiss Franc”

The USD/CHF pair has finished another ascending impulse. Possibly, today the price may fall towards 0.9590. Later, in our opinion, the market may continue growing with the first target at 0.9755.

USDCHF

 

USD JPY, “US Dollar vs Japanese Yen”

The USD/JPY pair is forming another ascending structure with the target at 111.71. After that, the instrument may be corrected towards 110.96 and then continue growing to reach 112.60.

USDJPY

 

AUD USD, “Australian Dollar vs US Dollar”

The AUD/USD pair is forming the first descending impulse. The first target is at 0.7897.

AUDUSD

 

USD RUB, “US Dollar vs Russian Ruble”

The USD/RUB pair is trading below 56.92. Possibly, the price may form another ascending structure towards 56.95. Later, in our opinion, the market may continue forming the third descending wave to reach 55.88.

USDRUB

 

XAU USD, “Gold vs US Dollar”

Gold is consolidating at the top of the ascending wave. Possibly, the price may grow to reach 1340.00. However, according to the main scenario the market is expected to fall towards the first target at 1308.00.

GOLD

 

BRENT

Brent is trading above 68.60. According to the main scenario, the pair is expected to continue growing inside the uptrend towards 70.20. After that, the instrument may break this level and then continue moving upwards with the target at 72.00.

BRENT

 

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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