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Forex Technical Analysis & Forecast 23.02.2017 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD, BRENT)

EUR USD, “Euro vs US Dollar”

The EUR/USD pair has reached the target of the descending wave and right now is forming a new ascending impulse. Possibly, today the price may reach 1.0598. Later, in our opinion, the market may continue falling towards 1.0530.

 

GBP USD, “Great Britain Pound vs US Dollar”

The GBP/USD pair has failed to fix below 1.2480; it is moving inside the Triangle pattern again. Possibly, the price may continue consolidating. The main scenario remains the same and implies that the market is expected to fall towards 1.2381. After that, the instrument may grow to return to 1.2480.

 

USD CHF, “US Dollar vs Swiss Franc”

The USD/CHF pair has reached the target of the ascending wave. Possibly, today the price may be corrected towards 1.0083 and then grow to reach 1.0120. Later, in our opinion, the market may continue falling with the target at 1.0030.

 

USD JPY, “US Dollar vs Japanese Yen”

Being under pressure, the USD/JPY pair is moving downwards. Possibly, the price may reach 112.60. After that, the instrument may start growing towards 115.30.

 

AUD USD, “Australian Dollar vs US Dollar”

The AUD/USD pair is still consolidating. Possibly, today the price may reach 0.7631. Later, in our opinion, the market may start moving upwards with the target at 0.7681.

 

USD RUB, “US Dollar vs Russian Ruble”

After the market opening, the USD/RUB pair is expected to continue growing with the target at 61.

 

XAU USD, “Gold vs US Dollar”

Gold is still consolidating. Possibly, today the price may fall towards 1220 and then form another consolidation range. After breaking it to the downside, the instrument is expected to reach 1213.

 

BRENT

Brent is forming another descending impulse. Possibly, today the price may reach 55.30. Later, in our opinion, the market may test 55.90 from below and then continue falling to reach 54.00.

 

RoboForex Analytical Department

 



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