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Forex Technical Analysis & Forecast 27.02.2020

EURUSD, “Euro vs US Dollar”

After failing to continue the descending wave, EURUSD has broken 1.0886 to the upside; right now, it is still moving upwards. Possibly, the pair may grow to reach 1.0918 and then start another correction with the target at 1.0881.

EURUSD
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

GBPUSD, “Great Britain Pound vs US Dollar”

After expanding the range down to 1.2895, GBPUSD has returned to 1.2922. Possibly, today the pair may form one more ascending structure towards 1.2940. After that, the instrument may start another decline with the target at 1.2882.

GBPUSD
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

USDCHF, “US Dollar vs Swiss Franc”

After rebounding from 0.9771, USDCHF is trading downwards to reach 0.9717. Later, the market may start another growth towards 0.9737 and then form a new descending structure with the target at 0.9696.

USDCHF
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

USDJPY, “US Dollar vs Japanese Yen”

After forming another consolidation range above 110.18, USDJPY is falling. The main scenario implies that the price may break the range to the downside and then continue trading downwards to reach 109.90 or even 109.70. After that, the instrument may form one more ascending structure to return to 110.18.

USDJPY
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

AUDUSD, “Australian Dollar vs US Dollar”

After reaching the target at 0.6540, AUDUSD is moving upwards. Today, the pair may reach 0.6571 and then form a new descending structure towards 0.6519. Later, the market may start another correction with the target at 0.6660.

AUDUSD
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

USDRUB, “US Dollar vs Russian Ruble”

USDRUB is still consolidating around 65.25. Possibly, the pair may expand the range up to 65.88 and then start a new decline towards 64.40.

USDRUB
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

USDCAD, “US Dollar vs Canadian Dollar”

USDCAD has reached the target at 1.3344. Today, the pair may consolidate near the highs and expand the range up to 1.3348. Later, the market may resume trading downwards with the target at 1.3300.

USDCAD
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

XAUUSD, “Gold vs US Dollar”

Gold is still consolidating around 1641.65. Possibly, the pair may form one more ascending structure towards 1660.22 and then start a new decline to break 1625.15. Later, the market may continue the correction with the target at 1594.50.

GOLD
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

BRENT

Brent is moving downwards. Today, the pair may reach 51.75 and then start another growth towards 54.85, thus forming a new consolidation range between these two levels. After breaking the range to the upside, the instrument may resume trading upwards with the target at 59.90.

BRENT
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

BTCUSD, “Bitcoin vs US Dollar”

BTCUSD has reached the downside target at 8600.00. Possibly, today the pair may consolidate near the lows. Later, the market may expand the range down to 8450.00 and then start another growth with the first target at 9200.00.

BTCUSD
Risk Warning: the result of previous trading operations do not guarantee the same results in the future


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