Forex Technical Analysis & Forecast 10.02.2020 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, USDCAD, GOLD, BRENT, BTCUSD)

February 10, 2020

Article By RoboForex.com

EURUSD, “Euro vs US Dollar”

After rebounding from 1.0975, EURUSD is forming a new descending structure towards 1.0935 at least. Possibly, today the pair may test 1.0955 from below and then resume falling to reach 1.0935. After that, the instrument may start another correction with the first target at 1.1010.

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”


Get our Weekly Commitment of Traders Report: - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.




Get Our Free Metatrader 4 Indicators - Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter






GBPUSD is still moving downwards. Today, the pair may reach 1.2862 and then start a new correction towards 1.2963. Later, the market may resume trading downwards with the target at 1.2825.

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

USDCHF, “US Dollar vs Swiss Franc”

USDCHF is consolidating around 0.9760. Possibly, today the pair may expand this range up to 0.9781 and then start another correction with the target at 0.9730.

USDCHF
Risk Warning: the result 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 pair may reach 109.32. After that, the instrument may form one more ascending structure towards 110.30 and then resume trading downwards with the first target at 108.70.

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

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD has reached its short-term downside target at 0.6670; right now, it is consolidating near the lows. Today, the pair may correct towards 0.6716 and then resume trading downwards to reach 0.6660. Later, the market may start a new correction with the target at 0.6716.

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 has finished one more ascending structure towards 64.20. Possibly, today the pair may start a new decline with the first target at 63.30.

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 broken 1.3293; Possibly, the pair may continue trading upwards to reach 1.3348. After that, the instrument may start a new correction to the downside with the target at 1.3188.

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

XAUUSD, “Gold vs US Dollar”

Gold has broken its consolidation range upwards. Possibly, the pair may grow towards 1582.92 and then resume trading downwards to break 1554.75. Later, the market may continue falling with the target at 1524.50.

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

BRENT

Brent is falling towards 53.97. After that, the instrument may form one more ascending structure to reach 54.64 and then start a new decline towards 52.50 to complete this descending wave. Later, the market may resume trading upwards with the first target at 56.50.

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

BTCUSD, “Bitcoin vs US Dollar”

BTCUSD is still moving upwards. Today, the pair may reach 10200.00 and then start a new correction towards 9200.00, at least.

BITCOIN

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.