Forex Technical Analysis 17.02.2015 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD)
17.02.2015
Analysis for February 17th, 2015
EUR USD, “Euro vs US Dollar”
Eurodollar has completed a descending structure. We think, today the price may grow to reach level of 1.1453 and the fall towards level of 1.1230. After that, the pair may return to level of 1.1360, thus forming a new consolidation range.
GBP USD, “Great Britain Pound vs US Dollar”
Pound is moving downwards; the pair has formed the first descending impulse. We think, today the price may correct this impulse and then continue falling inside the downtrend. The next target is at level of 1.5250.
USD CHF, “US Dollar vs Swiss Franc”
Franc is still consolidating a bit upwards. We think, today the price may grow to reach level of 0.9350 and then fall towards level of 0.8830.
USD JPY, “US Dollar vs Japanese Yen”
Yen is consolidating to break the current lows. We think, today the price may form a descending wave to reach level of 117.00, start a correction to return to level of 118.00, and then continue falling inside the downtrend.
AUD USD, “Australian Dollar vs US Dollar”
Australian Dollar has reached its upside target. We think, today the price may reach fall towards the lower border of its consolidation range and reach level of 0.7570.
USD RUB, “US Dollar vs Russian Ruble”
Ruble is still moving downwards. We think, today the price may continue forming the third descending wave towards level of 57.00. After that, the market may grow to test level of 63.00 from below and then continue falling towards the target at level of 55.00.
XAU USD, “Gold vs US Dollar”
After the market opening, Gold is expected to form a descending structure towards level of 1210. After that, the price may return to level of 1245 and then continue falling inside the downtrend. The next downside target is at 1190.
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.