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Forex Technical Analysis & Forecast 20.02.2018 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)

EURUSD, “Euro vs US Dollar”

EURUSD continues falling towards 1.2200. Today, the price may form another structure to expand the current range to the downside to reach 1.2323.

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 moving downwards with the target at 1.3760. Possibly, today the price may break the range to the downside and reach 1.3894.

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

USDCHF, “US Dollar vs Swiss Franc”

USDCHF is forming the first ascending impulse with the target at 0.9370. Today, the price may form another ascending structure to reach 0.9330. The predicted target of the wave is at 0.9486.

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

USDJPY, “US Dollar vs Japanese Yen”

USDJPY is forming the first ascending impulse inside the wave. The target of the impulse is at 107.05; the predicted target of the wave is at 108.63.

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

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD is consolidating. Today, the price may break the downside border of the range and then continue falling towards the first predicted target at 0.7780.

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

USDRUB, “US Dollar vs Russian Ruble”

USDRUB is forming the fifth descending wave with the target at 54.80. Possibly, the price may continue falling without any corrections. Instead of corrections, the market may form small consolidation channels, break them downwards, and then continue trading to the downside.

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 forming the third descending wave. Today, the price may reach the first target at 1335.00 and then form another consolidation range. If later the instrument breaks this range to the downside, the market may trading to the downside and reach 1307.00; if to the upside – start another correction towards 1347.00.

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

BRENT

Brent has formed another consolidation range and right now is trading at the top of the ascending wave. If later the instrument breaks this range to the downside, the market may be corrected to reach 63.62; if to the upside – resume growing towards 67.60.

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

 

RoboForex Analytical Department

 



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