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Forex Technical Analysis & Forecast 17.01.2018 (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 still consolidating at the top of the ascending wave; it has updated the high of the range and right now is forming another descending impulse with the target at 1.2180. Later, in our opinion, the market may grow towards 1.2247 and then start another descending impulse to reach 1.2045.

EURUSD

 

GBP USD, “Great Britain Pound vs US Dollar”

The GBP/USD pair is still consolidating at the top of the ascending wave; right now, it is forming a new descending structure with the target at 1.3650. After that, the instrument may grow towards 1.3739 and then start another decline to reach 1.3500.

GBPUSD

 

USD CHF, “US Dollar vs Swiss Franc”

The USD/CHF pair is consolidating. Possibly, the price may break this range upwards and start another ascending wave with the first target at 0.9709. Later, in our opinion, the market may continue falling to reach 0.9640.

USDCHF

 

USD JPY, “US Dollar vs Japanese Yen”

The USD/JPY pair has reached the target of another descending structure and right now is growing. Possibly, the price may be corrected towards 112.55. The first target is at 111.44.

USDJPY

 

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 0.7869 and then form one more ascending structure with the target at 0.7940.

AUDUSD

 

USD RUB, “US Dollar vs Russian Ruble”

The USD/RUB pair is trading below 56.45. According to the main scenario, the price is expected to fall the target at 55.88. An alternative one suggests that the instrument may form another correctional structure to reach 56.90 and then resume falling towards the above-mentioned target.

USDRUB

 

XAU USD, “Gold vs US Dollar”

Gold is consolidating. If later the price breaks 1332.00 to the downside, the market may fall towards 1320.00; if 1344.00 to the upside – grow with the target at 1357.00.

GOLD

 

BRENT

Brent has rebounded from the upside border of its consolidation range and right now is falling. Possibly, today the price may be corrected towards 68.48 and then grow to reach 70.00. If later the price breaks this level to the upside, the market may continue moving upwards with the target at 71.70.

BRENT

 

RoboForex Analytical Department

 



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