Forex Technical Analysis & Forecast 14.05.2018 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)

May 14, 2018

Article By RoboForex.com

EURUSD, “Euro vs US Dollar”

EURUSD has completed the five-wave ascending structure. Possibly, today the price may form a narrow consolidation range at the top of this structure. After breaking 1.1931, the pair may fall towards 1.1893, thus expanding the range downwards. If later the instrument breaks this range to the upside, the market may continue its growth to reach 1.2100; if to the downside – resume falling inside the downtrend with the target at 1.1735.

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

 


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GBPUSD, “Great Britain Pound vs US Dollar”

GBPUSD is still consolidating near the lows. If later the instrument breaks this range to the upside, the market may continue its growth to reach 1.3755; if to the downside – resume falling towards 1.3355.

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 trading upwards with the target at 0.9960 and may later resume growing towards 1.0000. If the instrument breaks this range to the downside, the market may start a new correction to reach 0.9900; if to the upside – continue growing with the target at 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 consolidating around 109.32. If later the instrument breaks this range to the downside, the market may start another decline to reach the target at 108.60; if to the upside – extend this structure towards 109.80 and then resume falling to reach 108.60.

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 has reached the target of the ascending impulse and right now is consolidating at the top of it. Today, the price may fall to reach 0.7486.

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 reached another downside target and right now is consolidating around 61.75. If later the instrument breaks this range to the downside, the market may continue moving downwards to reach 59.90; if to the upside – start another correction towards 63.20 and then resume falling inside the downtrend.

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 trading close to 1320.00. Possibly, today the price may form another descending wave towards 1309.00 and then grow to reach 1317.00. If later the instrument breaks this range to the downside, the market may resume falling with the target at 1295.00; if to the upside – continue the correction to reach 1331.00.

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

 

BRENT

Brent is consolidating above 76.40. Today, the price may test this level from above and then grow towards 78.10. If later the instrument breaks this range to the upside, the market may resume growing to reach 79.45; if to the downside – start another correction towards 74.60.

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

 

RoboForex Analytical Department

Article By RoboForex.com

Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex LP bears no responsibility for trading results based on trading recommendations described in these analytical reviews.