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Forex Technical Analysis 18.10.2018 (EURUSD...)

EURUSD, “Euro vs US Dollar”

EURUSD has finished the descending structure; it has formed the consolidation range around 1.1532 and broken it to the downside to continue trading inside the downtrend. Today, the pair may test 1.1532 from below and then with the short-term target at 1.1446.

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 trading downwards. Possibly, today the price may reach 1.3053 and then start a new correction to reach 1.3144. Later, the market may resume trading inside the downtrend with the short-term target at 1.2906.

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 almost completed the continuation pattern at 0.9915. The short-term target is at 0.9972. After that, the instrument may be corrected to return to 0.9915 and then resume trading inside the uptrend to reach 0.9980.

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 finished another ascending impulse. Possibly, today the price may return to 112.36 and then fall to reach 113.00. Later, the market may be corrected towards 112.36 and then start another growth with the target at 113.10.

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 0.7125 without any particular direction. If later the instrument breaks this range to the upside, the price may continue the correction to reach 0.7190; 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 still consolidating below 65.58 and forming a continuation pattern. Possibly, the pair may fall with the short-term target at 64.11 and then start another growth to return to 65.58.

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 first descending wave with the target at 1219.37. Later, the market may be corrected towards 1226.30, thus forming another consolidation range. If later the instrument breaks this range to the downside, the price may start a new correction to reach 1205.20; if to the upside – resume trading upwards with the target at 1205.30.

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

 

BRENT

Brent is still consolidating around 82.22. According to the main scenario, the price may fall expand the range towards 78.55. 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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