Cookies help us deliver our services. By using our services, you agree to our use of cookies.
Learn more Got it
Dakar 2017
Home / Analytics / Forex analysis & forecasts / Forex Technical analysis and forecasts / Technical analysis for EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD on 29.02.2016
Ask a question
Did not find the information you need? Ask your questions and get answers online!
Enter chat
Or enter your phone number in the form below and we will call you right away.
Call back




Technical analysis for EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD on 29.02.2016

29.02.2016

Today the euro dollar currency pair attempts to roll back to the breakdown of the growth channel. With the test of the 1.0961 level from below we will consider a retreat to the continuation of the downward trend to the overlap of the level of 1.0860. Next - a consolidation and continuation of the decline to the level of 1.0765.

EURUSD

The pound against dollar currency pair almost fulfilled the goal of the declining wave. The structure of the decline retains the potential to continue this trend. In practice, the market is developing third-wave structure with continued decline to the level of 1.3386. Today we expect the refinement of the level of 1.3740 and then a correction to the level of 1.3900, test from below. Then - a continuation of the downtrend.

GBPUSD

The USD CHF currency pair is trading above the broken consolidation up. We consider the current structure of the figure as a continuation of the uptrend. Today we consider growth to the level of 1.0040.

USDCHF

The dollar yen currency pair offers to consider the structure of completed growth and today trades its correction to the level of 112.55. Next, we consider the possibility of growth to the upper end of the range - the level of 114.86.

USDJPY

The Australian dollar against the US dollar currency pair broke through the growth channel and now considers on the breakdown of the structure of consolidation. We consider the possibility of continuation of reduction in the wave to the level of 0.6980. As an alternative, we have not yet ruled out the possibility of another update of the maximum. Then - again a declining trend.

AUDUSD

In the Russian ruble today we consider the possibility of continued decline in the wave to the refinement of the level of 72. Then we expect a consolidation range. With a breakdown we will consider the possibility of continuation of decline to the level of 69 (at least).

USDRUB

Gold is now trading with a rebound up from the bottom of the "triangle" and we do not exclude the increase to the upper limit. But the main scenario considers the breakdown of lows with continued reduction in the level of 1200.

GOLD

Dear reader!

Without authorization, you can view no more than two reviews per day and no more than 10 per month. To continue reading analytical reviews, register or login to your Members Area.

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.