Forex Technical Analysis & Forecast 22.02.2018 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)

22.02.2018

EURUSD, “Euro vs US Dollar”

EURUSD has broken another consolidation range downwards. Today, the price may grow towards 1.2313 and then fall to reach 1.2200, thus completing the first half of this wave. The predicted target of the entire wave is at 1.1860.

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 moving downwards. Possibly, today the price may reach 1.3798 and then start another growth towards 1.3900.

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 another consolidation range upwards. Today, the price may grow towards 0.9440. An alternative scenario implies that the market may fall to break the downside border of the range and then start another correction to reach 0.9328.

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 consolidating. Possibly, today the price may form another descending structure towards 107.10. Later, the market may resume growing to reach 107.93, break it, and trade with the first target at 108.70.

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 another consolidation range downwards and may continue trading to reach 0.7777. Today, the price may grow towards 0.7838 and then continue falling with the target at 0.7777. After that, the instrument may form another consolidation range.

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 still consolidating around 56.56. Possibly, the price may continue trading to the downside and reach the next target at 55.50.

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

XAUUSD, “Gold vs US Dollar”

Gold has broken another consolidation range downwards. Possibly, the price may trade to the downside to reach 1307.00 and then start another growth towards 1331.00. Later, the market may resume falling with the target at 1295.00.

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

BRENT

Brent is still consolidating around 64.75. If later the instrument breaks this range to the downside, the market may be corrected towards 63.63; if to the upside – start another growth to reach 67.70.

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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