Forex Technical Analysis 19.02.2013 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, GOLD)
19.02.2013
Analysis for February 19th, 2013
EUR/USD
The EUR/USD currency pair continues consolidating inside a narrow trading range near the level of 1.3330. I think today the price may leave this range downwards and continue falling down. The main target is at 1.3240. After reaching this target, the pair may make a reverse to start a new ascending movement.
GBP/USD
The GBP/USD currency pair continues consolidating near the level of 1.5500. I think today the price may leave this range upwards, reach the target at 1.5590, and then continue falling down towards the level of 1.5340.
USD/CHF
The USD/CHF currency pair is still consolidating near its maximums. I think today the price may leave this consolidation channel upwards to reach the level of 0.9280. The main target is at 0.9300. Later, in my opinion, the par may form a reversal pattern to continue moving downwards.
USD/JPY
The USD/JPY currency pair eliminated the gap, which took place on Monday. I think today the price may continue consolidating inside a narrow trading range and then leave in to reach the target at 95.
AUD/USD
Australian Dollar returned to the level of 1.0330. I think today the pair may continue moving downwards. The first target is at 1.0250. Later, in my opinion, the price may consolidate for a while and then continue falling down towards the level of 1.0210.
GOLD
Gold continues a correction to return to the level of 1630. Right now the market is in the very middle of this ascending movement. I think today the price may consolidate a bit near the level of 1615 and then continue growing up towards the target.
RoboForex Analytical Department
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Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.