Forex Technical Analysis & Forecast 16.01.2018 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD, BRENT)

EUR USD, “Euro vs US Dollar”

The EUR/USD pair is consolidating at the top of the ascending wave. Possibly, the price may break this range to the downside and start another descending wave. The first target is at 1.2087.

GBP USD, “Great Britain Pound vs US Dollar”

The GBP/USD pair is consolidating at the top of the ascending wave. Possibly, today the price may break this range downwards and start another descending wave. The first target is at 1.3642.

USD CHF, “US Dollar vs Swiss Franc”

The USD/CHF pair is consolidating near the lows. We think, today the price may break this range to the upside and start another ascending wave. The first target is at 0.9702.

USD JPY, “US Dollar vs Japanese Yen”

The USD/JPY pair is growing towards 111.00. Later, in our opinion, the market may form another descending structure to break the low and reach 110.18.

AUD USD, “Australian Dollar vs US Dollar”

The AUD/USD pair is consolidating at the top of the ascending wave. We think, today the price may fall towards 0.7901 and then form one more ascending structure with the target at 0.7994.

USD RUB, “US Dollar vs Russian Ruble”

The USD/RUB pair is moving downwards inside the third wave with the target at 55.88. After that, the instrument may form another consolidation range, break it upwards, and start a new correction with the target at 57.61.

XAU USD, “Gold vs US Dollar”

Gold is consolidating. If later the price breaks 1335.00 to the downside, the market may fall towards 1327.00; if 1344.00 to the upside – grow with the target at 1357.00.

BRENT

Brent is consolidating around 70.00. If later the price breaks this range to the downside, the market may fall towards 69.30; if to the upside – grow with the target at 71.20.

RoboForex Analytical Department