Forex Technical Analysis & Forecast 28.02.2018 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)

28.02.2018

EURUSD, “Euro vs US Dollar”

EURUSD has broken the consolidation range downwards. Possibly, today the price may reach 1.2200 and then start another growth towards 1.2277. After that, the instrument may resume falling with the target at 1.2135.

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 has broken the consolidation range downwards, reached the first target, and returned to 1.3924 to test it from below. Today, the price may form another descending structure to reach 1.3760.

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 the consolidation range upwards and may continue growing towards 0.9440; this is just a half of the third wave. The predicted short-term target of the wave is at 0.9550.

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

USDJPY, “US Dollar vs Japanese Yen”

USDJPY has broken the consolidation range upwards. Possibly, today the price may grow to reach 108.40, break it, and then continue trading to the upside with the short-term target at 110.40.

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 the consolidation range downwards. Possibly, the price may fall towards 0.7752 and then start another growth to reach 0.7800. Later, the market may resume falling inside the downtrend with the target at 0.7691.

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

USDRUB, “US Dollar vs Russian Ruble”

USDRUB has returned to 56.17. Today, the price may continue falling to reach 55.50. According to an alternative scenario, the instrument may form another ascending structure towards 56.84.

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 the consolidation range downwards and may continue falling inside the downtrend with the target at 1307.00. After that, the instrument may form another consolidation range to break the lows.

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

BRENT

Brent is trading to break the consolidation range downwards. Possibly, the price may start another correction towards 64.80 and then continue trading upwards to reach 70.30.

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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