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Forex Technical Analysis & Forecast 03.02.2017 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD, BRENT)

EUR USD, “Euro vs US Dollar”

The EUR/USD pair is moving downwards. The main scenario still implies that the price may reach 1.0688. At the moment, the market may start the correction with the target at 1.0786. After that, the instrument may start falling inside the downtrend.

 

GBP USD, “Great Britain Pound vs US Dollar”

Being under pressure, the GBP/USD pair is moving downwards as well. Possibly, today the price may reach 1.2400. Later, in our opinion, the market may form another ascending structure towards 1.2935.

 

USD CHF, “US Dollar vs Swiss Franc”

The USD/CHF pair is forming another ascending impulse. Possibly, today the price may reach 0.9963. Later, in our opinion, the market may be corrected towards 0.9920 and then resume growing with the target at 1.0000.

 

USD JPY, “US Dollar vs Japanese Yen”

The USD/JPY pair is moving upwards with the target at 113.93. After that, the instrument may be corrected towards 113.00 and then resume growing to reach 115.30.

 

AUD USD, “Australian Dollar vs US Dollar”

The AUD/USD pair is moving downwards. Possibly, the price may form another descending wave to reach 0.7555. Later, in our opinion, the market may grow towards 0.7630.

 

USD RUB, “US Dollar vs Russian Ruble”

Being under pressure, the USD/RUB pair is falling. In fact, the market is expected to continue forming the current wave with the target at 58.50.

 

XAU USD, “Gold vs US Dollar”

Gold has broken the ascending channel. Possibly, the price may resume the downtrend. The target is at 1201. After that, the instrument may be corrected towards 1213.

 

BRENT

Brent is trading to rebound from 56.60 upwards. The price is expected to start another wave to reach 58.22. Later, in our opinion, the market may be corrected towards 56.65 and then continue with the target at 59.90.

 

RoboForex Analytical Department

 



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