Forex Technical Analysis & Forecast 20.02.2023

20 февраля 2023 - Fx4News

EURUSD, “Euro vs US Dollar”

The currency pair has completed a wave of decline to 1.0612 and a correction to 1.0693. Today the market is consolidating under this level. An escape upwards and further falling to 1.0580 are expected.

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”

The currency pair has completed a wave of decline to 1.1914 and a correction to 1.2048. Today the market might be consolidating under this level. With an escape downwards, a pathway for a wave of decline to 1.1866 should open.

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

USDJPY, “US Dollar vs Japanese Yen”

The currency pair has completed a wave of growth to 135.00. Today the market continues developing a correction. A decline to 133.33 is expected. Then a new wave of growth to 136.55 may start.

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

USDCHF, “US Dollar vs Swiss Franc”

The currency pair has completed a correction to 0.9238. Today a link of decline to 0.9232 is not excluded. Then a new wave of growth to 0.9330 might begin.

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

AUDUSD, “Australian Dollar vs US Dollar”

The currency pair has completed a structure of decline to 0.6811 and a correction to 0.6896. Today a consolidation range might develop around this level. With an escape downwards, the wave of decline might extend to 0.6780.

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

BRENT

Brent has completed a wave of correction to 81.72. Today the market is developing a new wave of growth to 84.11. With a breakaway of this level upwards, a pathway to 86.30 will open, from where the trend might continue to 90.90.

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

XAUUSD, “Gold vs US Dollar”

Gold has completed a wave of decline to 1819.00 and a correction to 1844.00. Today a decline to 1815.00 and growth to 1850.00 might follow.

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

S&P 500

The stock index has completed a wave of decline to 4047.0. Today a link of correction to 4093.0 is not excluded, followed by a decline to 4008.0 and a wave of growth to 4093.0.

S&P 500
Risk Warning: the result of previous trading operations do not guarantee the same results in the future