Technical analysis of EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD on 24.02.2016

The euro dollar pair is under pressure to decline. In practice, the market once again formed around 1.1000 structure of the continuation pattern. Today, with the breakdown of lows we consider the continued decline to the refinement of the level of 1.0900. As an alternative, we do not rule out the price breaks the maximum correction to the level of 1.1120.

The pound against US dollar currency pair has fulfilled the local target of the reduction structure and is still trading under pressure with a continuation of the trend to the refinement of the level of 1.3850. Today we consider the possibility of overlapping levels of 1.3910. Next, we assume the test of the 1.4000 level from below. Then - a new decline to the refinement of the level of 1.3850.



The USD CHF currency pair rebounded from the level of 0.9900 and continues to trade with growth. Today we consider the continuation of the upward trend to the refinement of the level of 1.0127.



The USD JPY currency pair has broken down 112.20. The potential to decline to the level of 111.00 has opened. Today we consider the possibility of testing the 112.20 level from below. In case of another update of the minimum, we will consider a continuation of the trend down to the testing of 108.05.



Australian dollar against the US dollar performed the first impulse to decline. Today – a correction to the level of 0.7213, the test from below. Next, we consider the continuation of the trend down to the testing of the next target at 0.7085.



With regards to the Russian ruble today with the opening of the markets we are expecting a continuation in the development of the consolidation range. Next in line - a decrease to the level of 72.



Gold is trading on the rebound from the top of the consolidation range. Today we consider the decline to the level of 1196.45. Next, we consider the possibility of a return to the level of 1218.00. Practically we are considering the development of the consolidation range in the "Triangle". The figure is of technical reversal. Furthermore - continued trend down.