Forex Technical Analysis & Forecast 13.02.2018 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)

13.02.2018

EURUSD, “Euro vs US Dollar”

EURUSD is moving upwards and forming the third correctional wave; it has formed a continuation pattern near 1.2283. The target of the wave is at 1.2333. After that, the instrument may continue trading downwards to reach 1.2283.

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 trading below 1.3872. Possibly, the price may continue trading downwards and reach the short-term target at 1.3658. Later, the market may resume growing towards 1.3872.

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 towards 0.9338. After that, the instrument may grow to break 0.9440 and then continue trading upward to reach 0.9555.

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 107.55 and then move upwards with the first target of the correction at 109.33.

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 another ascending structure. Today, the price may fall towards 0.7834 and then resume growing to reach the short-term target of the correction at 0.7893.

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 consolidating at the top of the wave. Possibly, today the price may fall towards 57.23 and then grow to reach 57.80, thus forming another consolidation range. If later the instrument breaks this range to the downside, the market may continue falling to reach the first target at 56.56.

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

XAUUSD, “Gold vs US Dollar”

Gold is forming the third correctional structure. Possibly, the price may reach the short-term target at 1333.00. Later, the market may fall towards 1322.00.

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

BRENT

Brent has completed the ascending impulse along with the correction. Today, the price may move upwards to reach 64.68. After that, the instrument may break this level and continue growing the short-term target at 66.60.

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

 

RoboForex Analytical Department

 

Attention!

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

The material presented and the information contained herein is intended for our customers, and is for information purposes only and in no way should be considered as the provision of investment advice for the purposes of Investment Firms Law 144(I)/2007 of the Republic of Cyprus or any other form of personal advice or recommendation, which relates to certain types of transactions with certain types of financial instruments.

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