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Forex Technical Analysis 18.02.2015 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD)

Analysis for February 18th, 2015

EUR USD, “Euro vs US Dollar”

Eurodollar is still consolidating. We think, today the price may grow to reach a new high and level of 1.1458 and the fall towards level of 1.1240. After that, the pair may return to level of 1.1390.




GBP USD, “Great Britain Pound vs US Dollar”

Pound is moving downwards; the pair is forming a wave to return to level of 1.5190. An alternative scenario implies that the price may grow to reach a new high and then continue falling inside the downtrend.




USD CHF, “US Dollar vs Swiss Franc”

Franc is still moving upwards. We think, today the price may fall towards level of 0.8830. The market may start a fast descending movement at any moment.




USD JPY, “US Dollar vs Japanese Yen”

Yen has completed an ascending structure as a correctional one. We think, today the price may form a descending wave to reach new lows. The main target is at the lower border of triangle pattern.




AUD USD, “Australian Dollar vs US Dollar”

It looks like Australian Dollar is still being corrected towards level of 0.7960. After that, the price may continue falling to reach level of 0.7570.




USD RUB, “US Dollar vs Russian Ruble”

Ruble is still moving downwards. We think, today the price may continue forming the third descending wave towards level of 57.00. After that, the market may grow to test level of 63.00 from below and then continue falling towards the target at level of 55.00.




XAU USD, “Gold vs US Dollar”

Gold has reached its downside target; this structure may be considered as the third wave. After that, the price may form another consolidation channel. Probably, the market may try to form a correction. Later, in our opinion, the price may continue falling inside the downtrend towards the main target at 1113.



 
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