Forex Technical Analysis & Forecast 18.05.2018 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)

May 18, 2018

Article By RoboForex.com

EURUSD, “Euro vs US Dollar”

EURUSD is consolidating around 1.1818. If later the instrument breaks this range to the upside, the market may grow to reach 1.1876 and then fall towards 1.1857; if to the downside – resume falling inside the downtrend with the target at 1.1698.

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 around 1.3535. Today, the price may reach 1.3595 and then fall towards 1.3440. If later the instrument breaks this range to the upside, the market may start another correction to reach 1.3750; if to the downside – resume falling with the target at 1.3333.

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. Possibly, today the price may fall to reach 0.9940 and then grow towards 1.0000. If later the instrument breaks this range to the downside, the market may start another correction to reach 0.9820; if to the upside – resume growing with the target at 1.0110.

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 moving upwards. Today, the price may reach 111.04 upwards and then fall towards 110.50. Later, the market may form another ascending structure with the target at 111.21.

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 continues consolidating below 0.7560. If later the instrument breaks this range to the upside, the market may start another growth to reach 0.7700; if to the downside – resume falling inside the downtrend with the target at 0.7310.

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 moving downwards. Today, the price may fall towards 61.20, break it, and then continue forming the third descending wave with the target at 59.90.

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 consolidating near the lows. If later the instrument breaks this range to the upside, the market may start another correction to reach 1302.00; if to the downside – resume falling with the target at 1280.00.

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

 

BRENT

Brent has reached another upside target. Possibly, today the price may fall to reach 78.62 and then grow towards 81.60. Later, the market may start another decline with the target at 79.10.

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.