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Forex Technical Analysis&Forecast 28.08.2018 EURUSD, GBPUSD

EURUSD, “Euro vs US Dollar”

EURUSD is still consolidating at the top of the ascending structure. Possibly, today the pair may break the range downwards and continue falling to reach 1.1592. After that, the instrument may form another ascending structure with the target at 1.1644.

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. Possibly, the pair may reach 1.2722 and then grow towards 1.2855. Later, the market may resume falling with the target at 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 is moving upwards to reach 0.9825. Possibly, the pair may break it and continue growing with the first target at 0.9944.

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 returned to 111.28 and completed three-wave ascending structure. Today, the price may form a new ascending structure towards 111.33, thus forming another consolidation range. If the instrument breaks this range to the downside, the price may resume falling to reach 110.70; if to the upside – continue growing with the target at 111.66.

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 downwards. Possibly, the pair may fall to reach 0.7305 and then grow towards 0.7373. After that, the instrument may start another decline with the target at 0.7283.

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 broken 67.35 and may form the third descending structure with the target at 66.60. Later, the market may test 67.35 from below and then resume falling towards 65.75.

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 completed another structure and right now is consolidating at the top. Possibly, today the pair may fall to break 1199.30 and then continue trading to the downside with the target at 1186.22.

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

 

BRENT

Brent is consolidating at the top of the wave. If the instrument breaks this range to the downside, the price may start another correction to reach 73.85; if to the upside – resume growing towards the first target at 77.10.

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


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