Forex Technical Analysis & Forecast 08.02.2018 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)

08.02.2018

EURUSD, “Euro vs US Dollar”

EURUSD has reached the local target of the third descending wave. Possibly, today the price may consolidate near the lows. After breaking the range downwards, the instrument may start another correction to reach 1.2338 and then resume falling with the target at 1.2222.

EURUSD

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 is still consolidating near the lows. If later the instrument breaks this range to the downside, the market may continue falling to reach 1.3800; if to the upside – resume moving upwards with the target at 1.4040.

GBPUSD

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 consolidating at the top. Today, the price may fall towards 0.9400 and then continue moving upwards to reach the short-term target at 0.9465.

USDCHF

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 consolidating; it has tried to break the upside border. Possibly, today the price may form another ascending structure towards 110.13. Later, the market may fall to reach 109.67 and then resume growing with the target at 110.60.

USDJPY

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 reached the local target of the descending wave at 0.7815. Today, the price may grow towards 0.7895. After that, the instrument may resume trading to the downside with the target at 0.7712.

AUDUSD

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

USDRUB, “US Dollar vs Russian Ruble”

Today’s trading session was opened with a gap up and, as a result, USDRUB has reached the target of the ascending wave. This wave may be considered as a correction. Possibly, the price may start another decline with the first target at 56.56.

USDRUB

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

XAUUSD, “Gold vs US Dollar”

Gold has almost reached its downside target. Today, the price may start another correction with the target at 1339.00. Later, the market may resume falling towards 1293.00.

GOLD

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

BRENT

Brent has extended the descending wave and completed the third structure. The target is at 65.60. Possibly, today the price may start another correction towards 67.94 and then fall with the target at 64.82.

BRENT

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

 

RoboForex Analytical Department

 

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.

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