Forex Technical Analysis & Forecast 14.08.2017 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD, BRENT)
14.08.2017EUR USD, “Euro vs US Dollar”
The EUR/USD pair has almost reached the target of the correctional wave; right now, it is falling. Possibly, the price may form the wave towards 1.1756, which may be considered as the first wave inside the third one. After that, the instrument may form another consolidation range.
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”
The USD/CHF pair is growing towards 0.9670. After that, the instrument may fall to reach 0.9636 and then move upwards with the first target at 0.9694.
USD JPY, “US Dollar vs Japanese Yen”
The USD/JPY pair is forming another ascending structure towards 110.82. Later, in our opinion, the market may form another descending wave with the target at 107.05.
AUD USD, “Australian Dollar vs US Dollar”
The AUD/USD pair has completed the correction at 0.7899. After that, the instrument may continue falling inside the downtrend towards 0.7755.
USD RUB, “US Dollar vs Russian Ruble”
The USD/RUB pair is trading to rebound from 60.15. We think, the price may reach 59.50 and then grow with the target at 61.30.
XAU USD, “Gold vs US Dollar”
Gold is consolidating at the top of the ascending wave. We think, today the price may start another correction towards 1258.75. Later, in our opinion, the market may grow with the target at 1312.00.
BRENT
Brent is being corrected towards 50.74. Possibly, today the price may grow to reach 55.15. After that, the instrument may be corrected to return to 50.74 and then move upwards with the target at 56.95.
RoboForex Analytical Department
Attention!Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.