Forex Technical Analysis & Forecast 28.05.2018 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)

EURUSD, “Euro vs US Dollar”

EURUSD is forming a new ascending impulse. Possibly, the price may be corrected to return to 1.1750. After that, the instrument may fall inside the downtrend to reach the next target at 1.1632. Later, the market may form another consolidation range to continue the downtrend towards 1.1564.

GBPUSD, “Great Britain Pound vs US Dollar”

GBPUSD is still consolidating near the lows. If later the pair breaks this range to the upside, the market may start another correction to reach 1.3482; if to the downside – resume falling inside the downtrend with the target at 1.3194.

USDCHF, “US Dollar vs Swiss Franc”

USDCHF is still consolidating around 0.9900. Possibly, today the price may grow to reach 0.9963 and then fall towards 0.9872. After that, the instrument may resume growing with the target at 1.0050.

USDJPY, “US Dollar vs Japanese Yen”

USDJPY is consolidating near the lows. If later the pair breaks this range to the upside, the market may start another growth to reach 110.45; if to the downside – resume falling inside the downtrend with the target at 108.64. After that, the instrument may trade to reach 109.22 and then fall towards 107.92.

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD is still forming the third ascending wave. Today, the price may reach the short-term target at 0.7646. Later, the market may resume falling to return to 0.7546.

USDRUB, “US Dollar vs Russian Ruble”

USDRUB is forming the third descending wave. Possibly, today the price may consolidate and fall to reach 60.85. After that, the instrument may break the range to the downside and fall with the short-term target at 58.98.

XAUUSD, “Gold vs US Dollar”

Gold has completed the consolidating range at the top and broken it downwards. Today, the price may fall towards 1294.00 and then grow to reach 1301.00, thus forming another consolidation range. If later the instrument breaks this range to the downside, the market may continue falling inside the downtrend with the target at 1275.00; if to the upside – continue the correction towards 1323.00.

BRENT

Brent is still falling. Possibly, today the price may grow towards 76.50 and form another consolidation range near the lows. If later the pair breaks this range to the upside, the market may start another growth to reach 78.10 and then resume falling with the target at 76.25.

RoboForex Analytical Department