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Forex Technical Analysis & Forecast 12.02.2018 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)

EURUSD, “Euro vs US Dollar”

EURUSD has broken the channel of the third descending wave. Possibly, today the price may grow towards 1.2300 and then fall to reach 1.2255, thus forming a new consolidation range near the lows. If later the instrument breaks this range to the upside, the market may start another correction to reach 1.2375; if to the downside – continue trading downwards with the target at 1.2130.

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 expanded its consolidation channel to the downside and may fall with the target at 1.3685. Possibly, today the price may return to 1.3900 and then continue moving downwards to reach the above-mentioned target. Later, the market may resume growing towards 1.3875.

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 completed the first ascending wave and right now is being corrected towards 0.9338. After that, the instrument may form the third ascending wave to break 0.9463. The short-term target is at 0.9575.

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 completed another descending structure. Today, the price may grow to reach 109.33 and then move downwards with the target at 108.65, thus forming another consolidation range near the lows. If later the instrument breaks this range to the upside, the market may start another correction to reach 111.00; if to the downside – continue trading downwards with the target at 106.50.

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 formed another consolidation range near the lows and right now is trying to break it upwards. In case it succeeds, the instrument may start another correction to reach 0.7906 and then resume trading to the downside with the target at 0.7834.

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 finished the correction. Possibly, today the price may start consolidating. If later the instrument breaks this range to the downside, the market may continue falling to reach 54.88; if to the upside – extend this structure towards 58.50.

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

XAUUSD, “Gold vs US Dollar”

Gold has formed another consolidation range near the lows. If later the instrument breaks this range to the upside, the market may grow to reach the short-term target at 1333.00. Later, the market may fall towards 1322.00 and then start another growth with the target at 1336.00.

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

BRENT

Brent is moving upwards. Possibly, the price may form the first wave with the target at 64.78. After that, the instrument may resume falling towards 63.34.

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

 

RoboForex Analytical Department

 


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