Forex Technical Analysis and Forecast 18.07.2022 :: InvestMacro


Article by RoboForex.com

EURUSD, “Euro vs. US Dollar”

After ending the ascending wave at 1.0086, EURUSD is forming a new consolidation range around this level. If the price subsequently breaks the range to the top, the market may start another growth to reach 1.0151, or even extend this structure to 1.0219; If on the downside – resume the move inside the downtrend with the target at 1.0018.


Risk Warning: The result of previous trading operations does not guarantee the same results in the future

GBPUSD, “Great British Pound to US Dollar”

After completing the ascending wave at 1.1900, the GBPUSD is expected to decline to break 1.1824 and then continue trading lower to reach 1.1744. On the other hand, if the price grows and breaks 1.1900, the market may start another growth with the target at 1.2055.



British Pounds / US Dollars
Risk Warning: The result of previous trading operations does not guarantee the same results in the future

USDJPY, “US Dollar vs Japanese Yen”

USDJPY finished the descending structure at 138.02 and may rise later towards 138.70, forming a new consolidation range between these two levels. If the price breaks the range to the upside, the market may resume growth with the target at 140.00; If it is on the downside – start a new decline to reach 136.66.

US dollar / Japanese yen
Risk Warning: The result of previous trading operations does not guarantee the same results in the future

USDCHF, “US Dollar vs. Swiss Franc”

USDCHF is still falling towards 0.9727. After that, the instrument may resume trading upwards with the target at 0.9911.

USDCHF
Risk Warning: The result of previous trading operations does not guarantee the same results in the future

AUDUSD, “Australian dollar to US dollar”

AUDUSD ended the ascending wave at 0.6817. Today, the pair may resume its decline to reach 0.6762 and then start a new growth targeting 0.6842. Later, the market may form another descending wave towards level of 0.6660.

AUDUSD
Risk Warning: The result of previous trading operations does not guarantee the same results in the future

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Brent crude is still consolidating above 101.78. The asset is likely to form another ascending structure towards 104.35, then resume the decline to return to 101.78. After that, the instrument may start growing again with the first target at 108.00.

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Risk Warning: The result of previous trading operations does not guarantee the same results in the future

XAUUSD, “Gold vs. US Dollar”

Gold continues to consolidate above 1700.27. If the price breaks the range to the upside, the market may resume growth with the target at 1767.44; If it is in the downside – start a new decline to reach 1688.15, and then form another ascending structure towards the aforementioned target.

He went
Risk Warning: The result of previous trading operations does not guarantee the same results in the future

Standard & Poor’s 500

The S&P index ended the bullish structure at 3865.0; At the moment, he is cementing this level. If the price later breaks the range to the upside, the market may resume growth to reach 4004.0. After that, the instrument may start a new decline to return to 3865.0 and then form another ascending structure with the target at 4100.0.

Standard & Poor's 500

Article by RoboForex.com

attention!
Forecasts presented in this section only reflect the author’s own opinion and should not be considered guidelines for trading. RoboForex LP does not assume any responsibility for the trading results based on the trading recommendations described in these analytical reviews.


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