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Forex Technical Analysis & Forecast 22.08.2018 (EURUSD, GBPUSD...

EURUSD, “Euro vs US Dollar”

EURUSD has extended the correction. Possibly, today the pair may fall to reach 1.1488 and then grow towards 1.1544, thus forming a new consolidation range. If later the instrument breaks this range to the downside, the price may resume falling inside the downtrend with the first target at 1.1407.

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 reached the upside target without forming any corrections. Today, the price may form another consolidation range near the highs. If the instrument breaks 1.2856 to the downside, the price may resume falling with the target at 1.2785 and then grow to return to 1.2855. Later, the market may continue falling inside the downtrend towards 1.2600.

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 has completed the descending wave without any corrections. Possibly, today the pair may form another consolidation range near le lows. If later the instrument breaks this range to the upside, the price may resume growing with the target at 0.9912 and then start another decline to reach 0.9875. Later, the market may continue growing towards 0.9955.

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 has completed the first ascending impulse along with the correction, thus forming another consolidation range. If later the instrument breaks this range to the upside, the price may start another growth with the short-term target at 111.16. Later, the market may resume falling towards 110.60 and then move upwards to reach 111.44.

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 consolidating near the highs. Possibly, today the pair may fall towards 0.7270 and then grow to reach 0.7325. After that, the instrument may resume falling inside the downtrend with the target at 0.7160.

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 still consolidating around 67.07. If later the instrument breaks this range to the upside, the price may reach 67.77; if to the downside – trade to break 65.90 and then start forming the third descending wave with the target at 64.04.

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 reached the short-term upside target at 1197.00. Today, the price may fall towards 1185.00 and then resume growing to reach 1208.00. After that, the instrument may start another decline with the target at 1185.00.

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

 

BRENT

Brent is still moving upwards. Possibly, today the pair may reach 73.05 and then start a new correction towards 71.40. Later, the market may grow to break 73.55 and then continue trading to reach the short-term target at 75.50.

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


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