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Forex Technical Analysis & Forecast 02.03.2018 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)

EURUSD, “Euro vs US Dollar”

EURUSD has completed the ascending structure. Possibly, today the price may fall towards 1.2195 and then start another consolidation range. If later the instrument breaks this range to the upside, the market may continue the correction to reach 1.2355; if to the downside – resume falling inside the downtrend with the target at 1.2054.

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 consolidating. If later the instrument breaks this range to the upside, the market may continue the correction towards 1.3924; if to the downside – fall inside the downtrend with the target at 1.3460.

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 finished the descending impulse. Today, the price may grow towards 0.9437 and form another consolidation range. If later the instrument breaks this range to the upside, the market may start another growth to reach 0.9620; if to the downside – continue the correction with the target at 0.9337.

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 broken the consolidation channel downwards. Possibly, today the price may fall to reach 105.55 and then grow towards 107.15, thus forming another consolidation range. If later the instrument breaks this range to the upside, the market may start another growth to reach 108.40. if to the downside – continue falling inside the downtrend with the target at 103.30.

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 forming the ascending impulse. Possibly, the price may be corrected towards 0.7777 and then fall to reach 0.7690.

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 trading to reach 56.40. After that, the instrument may form another ascending structure towards 57.22 and then and then continue trading to the downside with the target at 54.80.

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

XAUUSD, “Gold vs US Dollar”

Gold is moving upwards. Possibly, the price may reach 1323.00. Later, the market may fall to break 1307.00. The next target is at 1288.00.

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

BRENT

Brent is consolidating near the lows of the descending wave. According to the main scenario, the instrument may grow to break the range upwards. The upside target is at 67.70.

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

 

RoboForex Analytical Department

 


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