Forex Technical Analysis & Forecast 16.02.2023

16.02.2023

EURUSD, “Euro vs US Dollar”

The currency pair has completed a link of decline to 1.0660. Today the market might develop a link of correction to 1.0733. Then the quotes might decline to 1.0635 and extend the wave to 1.0595.

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 structure of decline to 1.1989. Today a correction to 1.2084 looks possible. Then a decline to 1.1950 should follow, from where the wave might extend to 1.1903.

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 structure of growth to 134.35. Today a correction to 133.33 might happen. Then a link of growth should develop to 135.14.

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 continues developing a correction to 0.9200. After the correction is over, a wave of growth to 0.9322 should start, from where the wave might extend to 0.9393.

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 0.6865. Today the market may correct to 0.6960. Then the quotes should decline to 0.6838 and continue the wave to 0.6813.

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

BRENT

Crude oil has completed a structure of growth to 85.60. Today the market is forming a consolidation range around this level. Then a new structure of growth should develop to 86.45. Next, we expect a correction to at least 85.60 and growth to 87.55. The goal is first.

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 an impulse of decline to 1830.60. Today a correction to 1845.66 is not excluded. After this level is reached, a decline to 1825.00 will become possible, from where the wave might extend to 1820.00.

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 link of growth to 4142.0. Today the market is forming a consolidation range around this level. With an escape upwards, a link of growth to 4188.0 is not excluded, followed by a decline to 4088.0. And with a breakaway of this level as well, a pathway down to 3973.0 should open.

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

Attention!

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.