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Forex Technical Analysis & Forecast 20.04.2018 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)

EURUSD, “Euro vs US Dollar”

EURUSD is forming another descending structure. Possibly, today the price may break 1.2330 to the downside and form a continuation pattern. The predicted short-term target is at 1.2250.

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 has broken 1.41650 and formed a continuation pattern near 1.4200. 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 target at 1.4030.

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 continue moving upwards. Possibly, today the price may reach 0.9750 and then start another correction towards 0.9550. Later, the market may continue growing with the target at 0.9900.

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 hasn’t been able to continue the descending wave and right now is moving upwards. Possibly, the price may continue extending the fifth structure towards 107.81. After that, the instrument may be corrected with the target at 106.15.

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 has formed another consolidation range and broken it downwards. Today, the price may test 0.7745 from below and then resume moving downwards with the first target at 0.7680.

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 has completed another descending impulse; it is trading to break 60.78 downwards. Possibly, today the price may fall to reach 60.04 and then grow to return to 60.78. Later, the market may start another decline with the target at 58.14.

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

 

XAUUSD, “Gold vs US Dollar”

Gold has broken 1346.00 downwards. Possibly, the price may form another descending wave towards 1336.00 and then grow to test 1346.00 from below. After that, the instrument may continue trading to the downside with the target at 1300.00.

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

 

BRENT

Brent is moving downwards. Possibly, the price may reach 73.33 and then grow towards 74.00, thus forming another consolidation range. If later the instrument breaks this range to the downside, the market may start another correction to reach 68.00; if to the upside – extend the current wave towards 75.88.

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

 

RoboForex Analytical Department

 


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