Forex Technical Analysis & Forecast 21.02.2018 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)
EURUSD, “Euro vs US Dollar”
EURUSD continues falling towards 1.2200. Today, the price may form another consolidation range below 1.2365. If later the instrument breaks this range to the downside, the market may reach 1.2255; if to the upside – start another correction towards 1.2400.
Risk Warning: the results of previous trading operations do not guarantee the same results in the future.
GBPUSD, “Great Britain Pound vs US Dollar”
GBPUSD is still consolidating below 1.4000. If later the instrument breaks this range to the downside, the market may fall to reach 1.3870; if to the upside – start another correction towards 1.4050.
Risk Warning: the results of previous trading operations do not guarantee the same results in the future.
USDCHF, “US Dollar vs Swiss Franc”
USDCHF has broken its consolidation range upwards. Today, the price may grow towards 0.9464. An alternative scenario implies that the market may fall to break the downside border of the range and then start another correction to reach 0.9288.
Risk Warning: the results of previous trading operations do not guarantee the same results in the future.
USDJPY, “US Dollar vs Japanese Yen”
USDJPY is still forming the first ascending impulse. Possibly, today the price may fall towards 107.40 and then resume growing to reach the first target at 108.64.
Risk Warning: the results of previous trading operations do not guarantee the same results in the future.
AUDUSD, “Australian Dollar vs US Dollar”
AUDUSD has broken its consolidation range downwards and may continue trading to reach 0.7838. Today, the price may reach the above-mentioned level. After that, the instrument may grow to reach 0.7882 and then continue falling towards 0.7777.
Risk Warning: the results of previous trading operations do not guarantee the same results in the future.
USDRUB, “US Dollar vs Russian Ruble”
USDRUB is trading right in the center of the consolidation range. If later the instrument breaks this range to the downside, the market may fall to reach 54.80; if to the upside – start another correction towards 57.00.
Risk Warning: the results of previous trading operations do not guarantee the same results in the future.
XAUUSD, “Gold vs US Dollar”
Gold is still forming the descending wave. Today, the price may reach the first target at 1325.00 and then form another consolidation range. If later the instrument breaks this range to the downside, the market may trade to the downside and reach 1307.00; if to the upside – start another correction towards 1343.00.
Risk Warning: the results of previous trading operations do not guarantee the same results in the future.
BRENT
Brent has broken its consolidation range downwards and may start a new correction to reach 63.63. Later, the market may grow towards 67.00, break it upwards, and then continue moving upwards with the target at 70.00.
Risk Warning: the results of previous trading operations do not guarantee the same results in the future.
RoboForex Analytical Department