Forex Technical Analysis & Forecast 29.05.2018 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)

29.05.2018

EURUSD, “Euro vs US Dollar”

EURUSD is still falling; the target is at 1.1560. Possibly, today the price may grow to test 1.1646 from below and then resume falling towards the above-mentioned target. After that, the instrument may start another correction.

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 near the lows. If later the pair breaks this range to the upside, the market may start another correction to reach 1.3399; if to the downside – resume falling inside the downtrend with the target at 1.3270.

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 still consolidating around 0.9927. Possibly, today the price may grow to reach 0.9970 and then fall towards 0.9872. After that, the instrument may resume growing with the target at 1.0050.

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 consolidating near the lows. If later the pair breaks this range to the upside, the market may start another growth to reach 110.45; if to the downside – resume falling inside the downtrend with the target at 108.64. After that, the instrument may trade to reach 109.25 and then fall towards 107.92.

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 forming the third ascending wave. Today, the price may be corrected towards 0.7506. Later, the market may resume growing to return to 0.7575.

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 the third descending wave. Possibly, today the price may form another descending structure to reach 60.80. After that, the instrument may resume growing with the target at 61.50.

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 upwards to reach 1301.00. After that, the price may fall towards 1293.00, break it, and then continue trading to the downside with the short-term target at 1285.00.

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

 

BRENT

Brent is consolidating near the lows. Possibly, the price may break this range to the upside and grow towards 78.10. Later, the market may start another correction with the target at 76.40.

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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