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Forex Technical Analysis & Forecast 23.08.2018 EURUSD...

EURUSD, “Euro vs US Dollar”

EURUSD is trading to break the ascending channel. Possibly, the pair may fall to reach 1.1488 and then grow towards 1.1580, 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 target at 1.1250.

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 formed another consolidation range near the highs. Today, the price may break the range to the downside. The target is at 1.2785. After that, the instrument may resume growing towards 1.2866 and then start another decline to reach the short-term target at 1.2716.

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 trading upwards to reach 0.9880. Later, the market may resume falling with the target at 0.9844 and then start a new growth towards the short-term target at 0.9933.

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 forming the third ascending wave with the target at 111.18. Possibly, today the pair may test 110.60 from above and then resume moving upwards to reach the above-mentioned target. After that, the instrument may be corrected to return to 110.60 and then start another ascending structure 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 has formed another consolidation range, broken it downwards, and reached the short-term downside target. Possibly, today the pair may grow to reach 0.7325 and then resume falling inside the downtrend with the first target at 0.7288.

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 trading upwards. Today, the price may reach 68.04 and then start another decline with the target at 66.90.

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 being corrected towards 1185.57. Later, the market may form a new ascending structure with the first target at 1211.00. After that, the instrument may continue the correction to reach 1185.00.

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

 

BRENT

Brent has broken 73.45 and is still moving upwards to form the third ascending wave. Possibly, today the pair may return to 73.45 and then grow to reach the short-term target at 75.35. Later, the market may be corrected to return to 73.45 once again and then continue trading to reach 76.76.

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


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