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Forex Technical Analysis 17.10.2018 (EURUSD...)

EURUSD, “Euro vs US Dollar”

EURUSD has rebounded from 1.1616 and is still trading downwards. Today, the pair may fall to reach 1.1520 and then grow towards 1.1574. After that, the instrument may resume trading inside the downtrend with the short-term target at 1.1433.

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 completed the correctional structure and right now is trading downwards. Possibly, today the price may reach 1.3050 and then trade upwards to reach 1.3150. Later, the market may resume trading inside the downtrend with the short-term target at 1.2900.

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; it has broken 0.9905 and may continue growing with the short-term target at 0.9970. In fact, the instrument continues forming the ascending wave towards 0.9990.

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 reached the first upside target. Possibly, today the price may form another consolidation range around 112.18. The instrument may be corrected towards 111.95 and then start another growth with the short-term target at 112.75.

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 still consolidating around 0.7122. If later the instrument breaks this range to the upside, the price may grow to reach 0.7196; if to the downside – resume trading inside the downtrend with the target at 0.7000.

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 downwards. Possibly, the pair may continue forming the third wave towards 64.10 without any correctional structures. After that, the instrument may start another growth with the target at 65.58 and then resume falling to reach 63.40.

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 forming the third correctional structure. Today, the pair may reach 1216.15 and then start another growth towards 1224.15. Later, the market may start a new correction to reach 1215.30. The first target is at 1205.80.

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

 

BRENT

Brent is consolidating around 82.22. According to the main scenario, the price may fall with the short-term target at 78.60. Later, the market may grow to return to 82.22 once again and then start another decline towards the first target at 77.37.

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


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