Forex Technical Analysis & Forecast 17.04.2019 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)

April 17, 2019

Article By RoboForex.com

EURUSD, “Euro vs US Dollar”

EURUSD has formed two impulses and reached its predicted downside target; right now, it is forming the fifth structure. Today, the pair may form a new descending structure to reach 1.1274 and then start another growth with the target at 1.1303.

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”


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GBPUSD has broken 1.3071; right now, it is still trading downwards with the target at 1.30025. Possibly, today the pair may reach this level and then start a new correction to return to 1.3071. Later, the market may resume trading inside the downtrend towards 1.2950.

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 continues moving upwards. Today, the pair may fall to reach 1.0052 and then form one more ascending structure towards 1.0085. In general, the price is forming the ascending wave with the target at 1.0142.

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 111.98 and forming the Divergent Triangle pattern. According to the main scenario, the pair is expected to break the range to the downside and reach the first target 110.86.

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 finished another ascending structure. Possibly, today the pair may be corrected towards 0.7153 and then grow to reach 0.7178. If later the price breaks the range to the downside, the instrument may resume trading inside the downtrend with the target at 0.7077.

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 still consolidating around 64.34. Possibly, the pair may fall with the short-term target at 63.63.

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 1282.00 and may continue falling to reach 1267.70. After that, the instrument may form one more ascending structure towards 1289.00 and then start a new decline with the short-term target at 1260.00.

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

BRENT

Brent is trading upwards. Possibly, the pair may reach 72.35 and then form a new descending structure towards 71.40. Later, the market may start a new growth with the target at 72.81 or even extend this wave up to 73.80.

BRENT

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.