Forex Technical Analysis & Forecast 17.05.2018 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)

17.05.2018

EURUSD, “Euro vs US Dollar”

EURUSD is consolidating near the lows. Possibly, today the price may reach 1.1875, fall towards 1.1755, and then grow to return to 1.1875. If later the instrument breaks this range to the upside, the market may start another correction to reach 1.2100; if to the downside – resume falling inside the downtrend with the target at 1.1600.

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 still consolidating around 1.3535. Today, the price may reach 1.3580 and then fall towards 1.3435. If later the instrument breaks this range to the upside, the market may start another correction to reach 1.3755; if to the downside – resume falling with the target at 1.3333.

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 still consolidating. Possibly, today the price may fall to reach 0.9940 and then grow towards 1.0000. If later the instrument breaks this range to the downside, the market may start another correction to reach 0.9820; if to the upside – resume growing with the target at 1.0110.

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 broken 110.00 upwards and right now is consolidating above it. If later the instrument breaks this range to the upside, the market may reach 111.11; if to the downside – start another correction with the target at 108.30.

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 continues consolidating below 0.7560. If later the instrument breaks this range to the upside, the market may start another growth to reach 0.7700; if to the downside – resume falling inside the downtrend with the target at 0.7310.

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 moving downwards. Today, the price may fall towards 61.20, break it, and then continue forming the third descending wave with the target at 59.90.

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 consolidating near the lows. If later the instrument breaks this range to the upside, the market may start another correction to reach 1302.00; if to the downside – resume falling with the target at 1280.00.

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

 

BRENT

Brent is moving upwards and trying to break its consolidation range to the upside. Possibly, today the price may reach 80.20. Later, the market may start another correction with the target at 77.20.

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

 

RoboMarkets Analytical Department

Attention!

Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboMarkets bears no responsibility for trading results based on trading opinions described in these analytical reviews.

The material presented and the information contained herein is intended for our customers, and is for information purposes only and in no way should be considered as the provision of investment advice for the purposes of Investment Firms Law 144(I)/2007 of the Republic of Cyprus or any other form of personal advice or recommendation, which relates to certain types of transactions with certain types of financial instruments.

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