Forex Technical Analysis & Forecast 21.02.2018 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)

21.02.2018

EURUSD, “Euro vs US Dollar”

EURUSD continues falling towards 1.2200. Today, the price may form another consolidation range below 1.2365. If later the instrument breaks this range to the downside, the market may reach 1.2255; if to the upside – start another correction towards 1.2400.

EURUSDRisk 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 below 1.4000. If later the instrument breaks this range to the downside, the market may fall to reach 1.3870; if to the upside – start another correction towards 1.4050.

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

USDCHF, “US Dollar vs Swiss Franc”

USDCHF has broken its consolidation range upwards. Today, the price may grow towards 0.9464. An alternative scenario implies that the market may fall to break the downside border of the range and then start another correction to reach 0.9288.

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

USDJPY, “US Dollar vs Japanese Yen”

USDJPY is still forming the first ascending impulse. Possibly, today the price may fall towards 107.40 and then resume growing to reach the first target at 108.64.

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

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD has broken its consolidation range downwards and may continue trading to reach 0.7838. Today, the price may reach the above-mentioned level. After that, the instrument may grow to reach 0.7882 and then continue falling towards 0.7777.

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

USDRUB, “US Dollar vs Russian Ruble”

USDRUB is trading right in the center of the consolidation range. If later the instrument breaks this range to the downside, the market may fall to reach 54.80; if to the upside – start another correction towards 57.00.

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

XAUUSD, “Gold vs US Dollar”

Gold is still forming the descending wave. Today, the price may reach the first target at 1325.00 and then form another consolidation range. If later the instrument breaks this range to the downside, the market may trade to the downside and reach 1307.00; if to the upside – start another correction towards 1343.00.

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

BRENT

Brent has broken its consolidation range downwards and may start a new correction to reach 63.63. Later, the market may grow towards 67.00, break it upwards, and then continue moving upwards with the target at 70.00.

BRENTRisk 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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