Forex Technical Analysis & Forecast 24.08.2017 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD, BRENT)

24.08.2017

EUR USD, “Euro vs US Dollar”

The EUR/USD pair is trading to rebound from the upside border of the range. We think, today the price may fall towards 1.1784 and then grow with the target at 1.1800. After that, the instrument may continue moving downwards to reach 1.1733.

 

GBP USD, “Great Britain Pound vs US Dollar”

The GBP/USD pair is falling towards 1.2732. Later, in our opinion, the market may be corrected to reach 1.2900 and then continue moving inside the downtrend to break 1.2730.

 

USD CHF, “US Dollar vs Swiss Franc”

The USD/CHF pair is consolidating around 0.9654. Possibly, today the price may test 0.9639 and then grow to reach 0.9700. After breaking this level to the upside, the instrument may continue growing inside the uptrend with the target at 0.9800.

 

USD JPY, “US Dollar vs Japanese Yen”

The USD/JPY pair is still consolidating. Possibly, today the price may fall to reach the downside border of the range. Later, in our opinion, the market may break it and continue moving downwards with the target at 107.07.

 

AUD USD, “Australian Dollar vs US Dollar”

The AUD/USD pair is falling towards 0.7858. After that, the instrument may form another consolidation range, break it, and then continue moving downwards with the target at 0.7766.

 

USD RUB, “US Dollar vs Russian Ruble”

The USD/RUB pair is trading to rebound from 59.15. After reaching 58.80, the market may continue falling with the local target at 57.52.

 

XAU USD, “Gold vs US Dollar”

Gold is still consolidating around 1266.54. We think, today the price may grow to reach 1291.55 and then fall towards 1279.15. Later, in our opinion, the market may grow with the target at 1286.00 and then break this range to the downside. The local target is at 1255.00.

 

BRENT

Brent is moving upwards. Possibly, the price may reach 52.60, break it, and then continue growing towards the local target at 54.08. The main upside target is at 55.15.

 

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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