Forex Technical Analysis & Forecast 23.02.2018 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)

23.02.2018

EURUSD, “Euro vs US Dollar”

EURUSD is being corrected. Possibly, the price may form another ascending structure towards 1.2355 and then the descending one to reach 1.2200. After that, the instrument may start another correction to return to 1.2355.

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 back to consolidating. Possibly, today the price may grow to reach 1.4020 and then fall towards 1.3760. Later, the market may start another correction with the target at 1.4000.

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

USDCHF, “US Dollar vs Swiss Franc”

USDCHF is being corrected. Possibly, the price may fall towards 0.9298 and then grow to reach 0.9470. After that, the instrument may start another correction with the target at 0.9300.

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 falling towards 106.73. Today, the price may grow to reach 108.00, 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 is being corrected towards 0.7868. Later, the market may fall to reach 0.7755 and then start another growth with the target at 0.7870.

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, today the price may form another ascending structure towards 57.00. After that, the instrument may fall to break 56.20 and then continue trading to the downside to 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 is back to consolidating in the center of the range. Possibly, the price may trade to the upside to reach 1335.00 and then start another decline towards 1307.00.

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

BRENT

Brent has broken its consolidation range upwards and may grow to reach 66.70. Today, the price may fall to return to 65.55 and then start another growth to reach 66.70. Later, the market may be corrected towards 63.55.

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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