Forex Technical Analysis & Forecast 18.04.2017 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD, BRENT)

Article By RoboForex.com

EUR USD, “Euro vs US Dollar”

The EUR/USD pair has broken its consolidation range to the upside and completed another ascending structure along with the descending impulse. Possibly, today the price may continue falling to reach 1.0600. Later, in our opinion, the market may grow towards 1.0626.

 

GBP USD, “Great Britain Pound vs US Dollar”


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The GBP/USD pair has reached the target of the ascending structure. Possibly, today the price may fall towards 1.2495. After that, the instrument may form another ascending structure with the target at 1.2621.

 

USD CHF, “US Dollar vs Swiss Franc”

The USD/CHF pair has almost completed Inverted Double Top pattern. Possibly, today the price may grow towards 1.0068. After the price breaks this level, the market will fall to reach 1.0070.

 

USD JPY, “US Dollar vs Japanese Yen”

The USD/JPY pair is forming the ascending structure with the target at 109.30, which may be considered as a correctional one. Later, in our opinion, the market may move downwards to reach 107.13.

 

AUD USD, “Australian Dollar vs US Dollar”

The AUD/USD pair is trading to break 0.7555. The target is at 0.7500. After that, the instrument may test 0.7550 from below and then continue falling to reach 0.7420.

 

USD RUB, “US Dollar vs Russian Ruble”

Taking into account the oil market correction, the USD/RUB pair may grow towards 56.54. Later, in our opinion, the market may fall to reach the target at 55.50.

 

XAU USD, “Gold vs US Dollar”

Gold is being corrected towards 1280. After that, the instrument may continue growing to reach 1312.

 

BRENT

Brent is being corrected. Possibly, the price may reach 55.15 and then grow towards 57.30. Later, in our opinion, the market may form another consolidation range as an upside continuation pattern with the target at 58.50.

 

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.