Forex Technical Analysis & Forecast 15.08.2017 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD, BRENT)

EUR USD, “Euro vs US Dollar”

The EUR/USD pair is still consolidating below 1.1795. We think, today the price may fall to reach 1.1750 and then grow to return to 1.1795. After that, the instrument may resume moving downwards with the target at 1.1666.

GBP USD, “Great Britain Pound vs US Dollar”

The GBP/USD pair is still consolidating below 1.3030. Possibly, the price may fall to reach 1.2911 and then grow towards 1.3030. Later, in our opinion, the market may move downwards with the target at 1.2850.

USD CHF, “US Dollar vs Swiss Franc”

Being under pressure, the USD/CHF pair is growing towards 0.9800. Possibly, today the price may reach 0.9748. After that, the instrument may fall with the target at 0.9727 and then move upwards to reach 0.9780.

USD JPY, “US Dollar vs Japanese Yen”

The USD/JPY pair has reached the target of the first ascending structure. We think, today the price may fall towards 109.48. Later, in our opinion, the market may form another ascending wave with the target at 111.44. The main target of the correction is at 112.18.

AUD USD, “Australian Dollar vs US Dollar”

Being under pressure, the AUD/USD pair is falling. Possibly, today the price may reach 0.7838. After that, the instrument may form a narrow consolidation range and break it to the downside. The target is at 0.7755. Later, in our opinion, the market may grow towards 0.7899.

USD RUB, “US Dollar vs Russian Ruble”

The USD/RUB pair has reached the target of the descending structure. We think, today the price may grow to reach 60.15 and then fall towards 58.83. If later the instrument breaks this consolidation channel to the upside, the market may continue growing towards 61.31; if to the downside – fall with the target at 58.68.

XAU USD, “Gold vs US Dollar”

Gold has broken its consolidation channel downwards; the market is expected to be corrected to the downside and reach the target at 1258.75. Possibly, today the price may fall towards 1269.16 and then grow to reach 1280.24. After that, the instrument may fall towards the above-mentioned target of the correction.

BRENT

Brent has reached the target of the correction. We think, today the price may form another consolidation range and grow towards 52.25. Later, in our opinion, the market may break this level to the upside and continue growing inside the uptrend with the local target at 55.15.

RoboForex Analytical Department