Forex Technical Analysis & Forecast 25.08.2017 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD, BRENT)

25.08.2017

EUR USD, “Euro vs US Dollar”

The EUR/USD pair is trading to the downside. Possibly, the price may reach 1.1772 and then grow with the target at 1.1794. 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 trading to rebound from 1.2826. Possibly, the price may reach 1.2732. Later, in our opinion, the market may be corrected towards 1.2935.

 

USD CHF, “US Dollar vs Swiss Franc”

The USD/CHF pair is growing towards 0.9669. We think, the price may break this level and then continue growing inside the uptrend with the target at 0.9700.

 

USD JPY, “US Dollar vs Japanese Yen”

The USD/JPY pair is still consolidating. Possibly, today the price may reach 109.80 and then fall towards 109.04. If later the instrument breaks this consolidation channel to the downside, the market may continue falling towards 107.07; if to the upside – start another correction with the target at 110.80.

 

AUD USD, “Australian Dollar vs US Dollar”

The AUD/USD pair is trading around 0.7900. Possibly, the price may fall towards 0.7860, break it, and then continue moving downwards with the local target at 0.7755.

 

USD RUB, “US Dollar vs Russian Ruble”

The USD/RUB pair is consolidating around 59.14. If later the instrument breaks this channel to the downside, the downtrend may continue towards 58.38; if to the upside, the market may be corrected to reach 59.89.

 

XAU USD, “Gold vs US Dollar”

Gold is still consolidating around 1286.86. 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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