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

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.

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.

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.

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.

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.

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.

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.

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.  

RoboForex Analytical Department