Forex Technical Analysis & Forecast 15.05.2018 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)
EURUSD, “Euro vs US Dollar”
EURUSD has broken the ascending channel structure. Possibly, today the price may form a new descending wave to reach 1.1893 at least and then grow towards 1.1940, thus forming another consolidation range. If later the instrument breaks this range to the upside, the market may continue its growth to reach 1.2100; if to the downside – resume falling inside the downtrend with the target at 1.1740.
GBPUSD, “Great Britain Pound vs US Dollar”
GBPUSD is still consolidating. If later the instrument breaks this range to the upside, the market may continue its growth to reach 1.3755; if to the downside – resume falling towards 1.3355.
USDCHF, “US Dollar vs Swiss Franc”
USDCHF has reached the target of the descending wave. Today, the price may resume growing towards 1.0000, thus forming a new consolidation range. If the instrument breaks this range to the downside, the market may continue the correction to reach 0.9860; if to the upside – resume growing with the target at 1.0110.
USDJPY, “US Dollar vs Japanese Yen”
USDJPY is moving upwards. Possibly, the price may reach 110.01 and form another consolidation range. If later the instrument breaks this range to the downside, the market may start another decline to reach the target at 108.50; if to the upside – extend this structure towards 111.00 and then resume falling to reach 108.60.
AUDUSD, “Australian Dollar vs US Dollar”
AUDUSD has broken its consolidation range downwards. Possibly, today the price may fall towards 0.7486 and form the first part of a new reversal structure. Later, the market may grow to break 0.7565 and then continue trading towards the target at 0.7640.
USDRUB, “US Dollar vs Russian Ruble”
USDRUB is consolidating without any particular direction around 61.75. If later the instrument breaks this range to the downside, the market may continue moving downwards to reach 59.85; if to the upside – start another correction towards 63.15.
XAUUSD, “Gold vs US Dollar”
Gold has broken its consolidation range downwards. Possibly, the price may fall towards the first target at 1309.00 and then grow to reach 1317.00. After that, the instrument resume falling with the short-term target at 1299.00.
BRENT
Brent has broken 78.10 upwards and may continue growing to reach 79.50. Later, the market may resume growing with the target at 80.15.
RoboForex Analytical Department
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.