Tech Analysis: EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD, BRENT, July 18, 2018

EURUSD

In EURUSD, the major trend is descending; today, 1.1575 may be reached, which is just a half of the whole falling potential. The local target is at 1.1420.

GBPUSD

The GPB/USD continues falling; today, it may reach 1.3000, but then a pullback to 1.3150 might occur. After that, the pair is likely to head down again, reaching 1.2950.

USDCHF

The USD/CHF continues uptrending. Today, it may go ahead to reach $1.0120, and then fall till 1.0000. After that, it may rise back to $1.0200 again.

USDJPY

The USD/JPY has broken out the consolidation range, bottom up. This may lead to a rise towards 113.40. All rising patterns are, however, temporary, as the price may head down to form another fall any time, first target being at 110.10.

AUDUSD

The AUD is trading within Wave 5 against the greenback, and is going to fall at least to 0.7285. Today, the price may fall to 0.7314, and then rise to 0.7377, after which the pair will try to reach its major target.

USDRUB

The USD/RUB reached 62.55, but then pulled back. It may now take another attempt to rise till 62.62, but then is likely to fall till 61.61. Once this price is broken out, the local target at 60.60 may also be achieved.

GOLD

The gold has broken out the consolidation range top down. This may lead to a fall towards $1,218, but then a rise to 1,242 is possible. Still, the downward movement may extend to $1,205.

BRENT

Brent crude is trading within a consolidation range near $71.80. Today, the black gold may fall to $68.22, bet then recover again till $71.80. After that, the crude is likely to head down again, reaching 68.00. This is basically a 5-wave correction flag, which, when fully formed, may push the price higher to $82.00.