Forex Technical Analysis & Forecast 23.04.2018 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)

EURUSD, “Euro vs US Dollar”

EURUSD is forming another descending structure. Possibly, today the price may reach 1.2245 and then fall towards 1.2290. After that, the instrument may start another decline with the target at 1.2190.

GBPUSD, “Great Britain Pound vs US Dollar”

GBPUSD has completed the first descending wave. Today, the price may consolidate near the lows. If later the market breaks this range to the upside, the instrument may be corrected to reach 1.4200; if to the downside – resume moving downwards with the short-term target at 1.3800.

USDCHF, “US Dollar vs Swiss Franc”

USDCHF has almost reached the target of the third ascending wave. Possibly, today the price may consolidate near the highs. If later the instrument breaks this range to the downside, the market may start another correction to reach 0.9550; if to the upside – continue growing towards 0.9898.

USDJPY, “US Dollar vs Japanese Yen”

USDJPY has almost reached the target of another ascending wave and may start another consolidation range near the highs. If later the instrument breaks this range to the downside, the market may be corrected to reach 106.75; if to the upside – continue trading to the upside towards 108.83.

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD has reached the first downside target another wave. Today, the price may form a new consolidation range near the lows. If later the market breaks this range to the upside, the instrument may correction to reach 0.7730; if to the downside – resume moving downwards with the target at 0.7570.

USDRUB, “US Dollar vs Russian Ruble”

USDRUB is still consolidating around 61.20. Possibly, today the price may fall to expand the range towards 60.45 and then grow to return to 61.20. If later the instrument breaks this range to the downside, the market may continue trading to the downside to reach 58.15; if to the upside – resume growing towards 63.00.

XAUUSD, “Gold vs US Dollar”

Gold has reached the target of another descending wave. Possibly, the price may form another consolidation range. If later the market breaks this range to the upside, the instrument may be corrected to reach 1345.00; if to the downside – resume moving downwards with the target at 1320.00.

BRENT

Brent is still consolidating near the highs. If later the instrument breaks this range to the downside, the market may start another correction to reach 70.60; if to the upside – continue growing towards 75.88.

RoboForex Analytical Department