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Forex Technical Analysis & Forecast 22.05.2018 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)

EURUSD, “Euro vs US Dollar”

EURUSD is still moving downwards with the target at 1.1695; right now, it is being corrected towards 1.1845. Possibly, today the price may grow to reach 1.1822 and may fall towards 1.1782. After that, the instrument may grow to return to 1.1845 and then resume falling inside the downtrend to each the main target.

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 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.

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 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 resume growing with the target at 1.0110.

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 is trading at the top of the ascending structure. Possibly, today the price may fall to reach 110.47. Later, the market may start another growth with the target at 111.86 and then resume falling towards 110.25.

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 is moving upwards and may be corrected to reach the target at 0.7700. Today, the price may grow towards 0.7633 and then start another decline to reach 0.7562. After that, the instrument may continue growing towards the above-mentioned target.

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 is moving downwards. Today, the price may reach 62.30, break it, and then continue forming the third descending wave with the short-term target at 58.98.

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

 

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.

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

 

BRENT

Brent has rebounded from 78.10. Possibly, the price may continue moving upwards with the target at 82.78. Later, the market may start another correction towards 77.70.  

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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