Forex Technical Analysis & Forecast 09.02.2018 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)

February 9, 2018

Article By RoboForex.com

EURUSD, “Euro vs US Dollar”

EURUSD has reached the target of the third descending wave; right now, it is consolidating near the lows. Possibly, today the price may grow towards 1.2293, break it, and then continue the correction to reach 1.2340.

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

GBPUSD, “Great Britain Pound vs US Dollar”


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GBPUSD is still consolidating near the lows. Possibly, the price may continue the correction to reach 1.4077 and then fall towards 1.3811. Later, the market may resume moving upwards with the target at 1.4133.

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 being corrected; it has already reached the predicted target. Today, the price may consolidate near the lows and reach 0.9335. After that, the instrument may continue moving upwards with the target at 0.9511.

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 moving downwards. Possibly, the price may reach 108.36 and then resume growing with 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 is also moving downwards. Today, the price may reach 0.7720 and then start another correction towards 0.7898. After that, the instrument may resume trading to the downside with the target at 0.7682.

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 is still consolidating near the lows. If later the instrument breaks this range to the downside, the market may continue falling to reach 1295; if to the upside – start another correction with the target at 1339.

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

BRENT

Brent continues falling. According to the main scenario, the price may consolidate near the lows. If later the instrument breaks this range to the upside, the market may start a new ascending wave towards 67.95.

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

 

RoboForex Analytical Department

Article By RoboForex.com

Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex LP bears no responsibility for trading results based on trading recommendations described in these analytical reviews.