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Forex Technical Analysis & Forecast 06.02.2018 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)

EURUSD, “Euro vs US Dollar”

EURUSD has reached the target of the descending wave and right now is consolidating. If later the price breaks this range to the downside, the market may extend this wave to reach 1.2222; if to the upside – start another correction towards 1.2440.

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 is still falling; the target is at 1.3925. Today, the price may reach this level and then start consolidating near the lows. If later the instrument breaks this range to the downside, the market may continue this descending wave to reach the predicted target at 1.3535; if to the upside – start another correction towards 1.4131.

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 almost completed the descending correctional structure. Possibly, today the price may grow towards 0.9380, break it, and then continue moving upwards to reach the short-term predicted target at 0.9430.

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 extended the descending wave and reached its target. Possibly, the price may start forming the fifth structure to reach the target at 110.60.

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 reached the first target of the descending wave and right now is consolidating near the lows. Possibly, the price may reach 0.7819 and then grow towards 0.7966. After that, the instrument may resume trading to the downside with the target at 0.7650.

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 broken its consolidation range upwards and may grow to reach the short-term target at 57.20. Later, the market may trade to the downside to reach 56.56 and then start another growth towards 57.57.

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

XAUUSD, “Gold vs US Dollar”

Gold is still consolidating around 1339.00. According to the main scenario, the price may fall towards 1315.00 and then start another growth to return to 1339.00.

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

BRENT

Brent has almost completed the descending wave. Today, the price may consolidate near the lows. If later the instrument breaks this range to the downside, the market may extend this wave to reach 65.00; if to the upside – start another growth towards 69.00.

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

 

RoboForex Analytical Department

 



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