Forex Technical Analysis & Forecast 18.02.2020 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, USDCAD, GOLD, BRENT, BTCUSD)

18 февраля 2020 - Fx4News

EURUSD, “Euro vs US Dollar”

EURUSD continues falling. Possibly, today the pair may reach 1.0800 and then return to 1.0827 to test it from below. After that, the instrument may continue trading inside the downtrend with the target at 1.0792.

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 has completed the descending wave at 1.2994. Today, the pair may correct towards 1.3030 and then start a new decline with the target at 1.2930.

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 moving downwards to reach 0.9800. The main scenario implies that later the pair may grow towards 0/9813, thus forming a new consolidation range between two above-mentioned levels. After that, the instrument may break the range to the downside and form a new descending structure with the target at 0.9782.

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 is moving downwards. Possibly, the pair may consolidate around 109.69. If later the price breaks this range to the downside, the instrument may start another decline with the short-term target at 109.45.

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 is forming another descending wave with the target at 0.6677. Alter that, the instrument may correct towards 0.6700 and then resume moving downwards to reach 0.6665.

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 consolidating above 63.33. Possibly, the pair may grow towards the upside border at 63.77 and then fall to reach 62.92. After that, the instrument may break the range to the downside and continue trading inside the downtrend with the short-term target at 61.85.

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

USDCAD, “US Dollar vs Canadian Dollar”

USDCAD is consolidating around 1.3251. Today, the pair may grow towards 1.3275 and then fall to reach 1.3232. Later, the market may break the range to the downside and form a new descending structure with the short-term target at 1.3180.

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

XAUUSD, “Gold vs US Dollar”

Gold continues moving downwards. Possibly, the pair may reach 1587.93 and then form a new descending structure with the target at 1574.97.

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

BRENT

Brent is still consolidating at the top. If later the price breaks this range to the upside at 57.70, the instrument may resume trading inside the uptrend towards 59.30; if to the downside at 56.70 – start another correction with the target at 55.05.

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

BTCUSD, “Bitcoin vs US Dollar”

BTCUSD has finished the first correctional wave at 9500.00. Possibly, today the pair may form one more ascending structure towards 9950.00 and then continue the correction with the target at 9000.00.

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