Forex Technical Analysis & Forecast 15.02.2018 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)
EURUSD, “Euro vs US Dollar”
EURUSD has finished another ascending correctional wave. Today, the price may consolidate at the top. If later the instrument breaks this range to the downside, the market may start a new descending wave with the target at 1.2190.
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 has completed the ascending correctional structure. Possibly, today the price may continue trading downwards to reach 1.3690.
Risk Warning: the results of previous trading operations do not guarantee the same results in the future.
USDCHF, “US Dollar vs Swiss Franc”
USDCHF is moving downwards. Possibly, the price may reach 0.9250 and then start another consolidation range towards 0.9360. After that, the instrument may break range upwards and continue forming the ascending with the first target at 0.9485.
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 moving downwards; it has expanded the current wave and reached the target. Possibly, today the price may consolidate. Later, the market may break this range to the upside and move upwards to reach the first target at 108.65.
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 almost completed the ascending correctional structure. Possibly, the price may finish this wave and then start another descending structure with the target at 0.7800.
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 to break the ascending channel to the downside. Today, the price may reach 56.55 and then grow towards 57.40. Later, the market may resume trading to the downside with the first target at 56.56.
Risk Warning: the results of previous trading operations do not guarantee the same results in the future.
XAUUSD, “Gold vs US Dollar”
Gold has finished the ascending correctional structure. Possibly, today the price may consolidate near the highs. After that, the instrument may break this range downwards and continue falling to reach 1324.00.
Risk Warning: the results of previous trading operations do not guarantee the same results in the future.
BRENT
Brent has broken its consolidation channel to the upside. Today, the price may continue moving upwards to reach 67.45 and then start another correction towards 64.60. Later, the market may resume growing with the target at 70.85.
Risk Warning: the results of previous trading operations do not guarantee the same results in the future.
RoboForex Analytical Department
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.