Forex Technical Analysis & Forecast 21.05.2018 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)

21.05.2018

EURUSD, “Euro vs US Dollar”

EURUSD is moving downwards; it has broken 1.1770 and may continue falling towards 1.1695. After that, the instrument may grow to return to 1.1770 and then resume falling inside the downtrend with the target at 1.1560.

EURUSD
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

 

GBPUSD, “Great Britain Pound vs US Dollar”

GBPUSD is moving downwards. Today, the price may reach 1.3370 and then start another correction towards 1.3470, at least. Later, the market may resume falling with the target at 1.3260.

GBPUSD
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

 

USDCHF, “US Dollar vs Swiss Franc”

USDCHF is still consolidating. If later the instrument breaks this range to the upside, the market may grow to reach 1.0110; if to the downside (an alternative scenario) – fall with the target at 0.9944 and then grow towards resume growing with the target at 1.0110.

USDCHF
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

 

USDJPY, “US Dollar vs Japanese Yen”

USDJPY is moving upwards. Possibly, the price may reach 111.60. Later, the market may start another correction with the target at 110.60.

USDJPY
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

 

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD continues consolidating below 0.7560. If later the instrument breaks this range to the upside, the market may start another growth to reach 0.7700; if to the downside – resume falling inside the downtrend with the target at 0.7310. The first target is at 0.7436.

AUDUSD
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

 

USDRUB, “US Dollar vs Russian Ruble”

USDRUB is moving downwards. Today, the price may grow towards 62.82. After that, the instrument may fall to reach 61.50, break it, and then continue forming the third descending wave with the short-term target at 58.98.

USDRUB
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

 

XAUUSD, “Gold vs US Dollar”

Gold is consolidating near the lows. If later the instrument breaks this range to the upside, the market may start another correction to reach 1302.00; if to the downside – resume falling with the target at 1280.00.

GOLD
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

 

BRENT

Brent is still being corrected towards 77.70. Later, the market may start another growth with the target at 80.50, break it, and then continue moving upwards with the target at 82.50.  

BRENT
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

 

RoboForex Analytical Department

 

Attention!

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.