Forex Technical Analysis & Forecast 13.09.2018 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)

EURUSD, “Euro vs US Dollar”

EURUSD has completed another consolidation range below 1.1611 and broken it upwards. Possibly, today the pair may test 1.1611 from above and then form a new ascending structure towards 1.1655. After that, the instrument may resume falling to break 1.1565 and then continue trading inside the downtrend with the target at 1.1466.

GBPUSD, “Great Britain Pound vs US Dollar”

GBPUSD is moving upwards. Possibly, the pair may reach 1.3100. Later, the market may fall to break 1.2960 and then continue trading inside the downtrend with the target at 1.2800.

USDCHF, “US Dollar vs Swiss Franc”

USDCHF has broken its consolidation range downwards and reached the short-term target. Today, the price may grow towards 0.9722 and then form a new descending structure with the target at 0.9688.

USDJPY, “US Dollar vs Japanese Yen”

USDJPY has finished the descending impulse and right now is being corrected. Possibly, the pair may reach 111.50, thus forming a new consolidation range. If the instrument breaks this range to the upside, the price may form a new ascending structure towards 111.80; if to the downside – resume falling with the target at 110.70.

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD has returned to 0.7119. Possibly, today the pair may form another descending structure with the short-term target at 0.7030.

USDRUB, “US Dollar vs Russian Ruble”

USDRUB is still moving downwards. Today, the price may reach the short-term target at 68.54. After that, the instrument may resume growing towards 69.40 and then form a new descending structure with the target at 68.29.

XAUUSD, “Gold vs US Dollar”

Gold is forming the descending impulse with the target at 1202.00. Later, the market may return to 1205.00, thus forming a new consolidation range. If the instrument breaks this range to the downside, the price may resume falling towards 1186.20; if to the upside – start a new growth to reach 1209.00.

BRENT

Brent is consolidating at the top of the ascending wave. If the instrument breaks this range to the upside, the price may form a new ascending structure to reach 81.10; if to the downside – start a new correction with the target at 78.45.