Forex Technical Analysis & Forecast 20.04.2017 (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 is being corrected. We think, today the price may reach 1.0695 and then grow towards the local target at 1.0763. After that, the instrument may continue falling to reach 1.0650.

 

GBP USD, “Great Britain Pound vs US Dollar”


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The GBP/USD pair is being corrected as well. Possibly, today the price may reach 1.2720 and then start another growth with the target at 1.2815.

 

USD CHF, “US Dollar vs Swiss Franc”

The USD/CHF pair is also being corrected. Possibly, today the price may test 1.0000 from below and then continue falling towards 0.9920. Later, in our opinion, the market may grow to return to 1.0000.

 

USD JPY, “US Dollar vs Japanese Yen”

In case of the USD/JPY pair, the correction continues. Possibly, today the price may reach 109.30 and then continue moving downwards with the target at 107.15.

 

AUD USD, “Australian Dollar vs US Dollar”

The AUD/USD pair has reached the target of the descending structure. Possibly, today the price may form another consolidation range. If later the market breaks this range to the upside, the instrument may be corrected towards 0.7550; if to the downside – continue falling with the target at 0.7420.

 

USD RUB, “US Dollar vs Russian Ruble”

The USD/RUB pair has reached the closest target of the correction. Possibly, the price may try to grow towards 57.00. After that, the instrument may fall with the target at 55.50.

 

XAU USD, “Gold vs US Dollar”

Gold has broken its consolidation range to the downside and may continue the correction towards 1267.20. Later, in our opinion, the market may start growing to reach 1312.30.

 

BRENT

Being under pressure, Brent is falling. Possibly, the price may be corrected towards 52.85. After that, the instrument may grow with the target at 57.50.

 

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.