RoboForex - Analytics

RoboForex

872.75 5.25/10
79% of positive reviews
Real
How to join the service?

Forex Technical Analysis & Forecast 14.05.2021

EURUSD, “Euro vs US Dollar”

After completing the descending wave at 1.2060 along with the correction towards 1.2105, EURUSD is still consolidating around 1.2080. Possibly, the pair may form one more ascending structure to return to 1.2105. If later the price breaks this range to the upside, the market may resume growing to reach 1.2150; if to the downside – continue trading within the downtrend with the short-term target at 1.2012.

Forex Technical Analysis & Forecast 14.05.2021 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”

After reaching the short-term downside target at 1.4010, GBPUSD is expected to correct towards 1.4077. Later, the market may resume falling with the target at 1.3982.

Forex Technical Analysis & Forecast 14.05.2021 GBPUSD
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 trading downwards to reach 73.40. After that, the instrument may start another growth towards 74.40 and then resume trading within the downtrend with the target at 73.00.

Forex Technical Analysis & Forecast 14.05.2021 USDRUB
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 a new descending structure towards 109.33 and may later resume trading upwards with the short-term target at 110.29.

Forex Technical Analysis & Forecast 14.05.2021 USDJPY
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 correcting towards 0.9044. After that, the instrument may resume growing to reach 0.9136 and then start a new decline with the target at 0.9085.

Forex Technical Analysis & Forecast 14.05.2021 USDCHF
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 0.7735. If later the price breaks this range to the downside, the market may resume falling with the short-term at 0.7650 and then start a new correction to return to 0.7735.

Forex Technical Analysis & Forecast 14.05.2021 AUDUSD
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

BRENT

Brent is falling towards 66.20 and may later grow towards 68.40, thus forming a new consolidation range around these two levels. After that, the instrument may break the range to the upside and form one more ascending structure with the target at 70.44.

Forex Technical Analysis & Forecast 14.05.2021 BRENT
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

XAUUSD, “Gold vs US Dollar”

Gold is still consolidating around 1817.22. If later the price breaks this range to the upside, the market may resume trading upwards with the short-term target at 1863.00; if to the downside – continue the correction to reach 1791.00.

Forex Technical Analysis & Forecast 14.05.2021 GOLD
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

S&P 500

After completing the descending wave at 4047.0, the S&P index is growing towards 4144.8, thus forming a new consolidation between these two levels. If later the price breaks this range to the upside, the market may resume trading upwards with the target at 4309.0; if to the downside – continue the correction to reach 4000.0.

Forex Technical Analysis & Forecast 14.05.2021 S&P 500
Risk Warning: the result of previous trading operations do not guarantee the same results in the future


To leave a comment you must or Join us


By visiting our website and services, you agree to the conditions of use of cookies. Learn more
I agree