Forex Technical Analysis & Forecast 17.02.2017 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD, BRENT)

Article By RoboForex.com

EUR USD, “Euro vs US Dollar”

The EUR/USD pair has reached the target of the correction and right now is consolidating at the top of the ascending wave. Possibly, today the price may break this range to the downside and start forming the fifth wave inside the downtrend. The target is at 1.0500.

 

GBP USD, “Great Britain Pound vs US Dollar”


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The GBP/USD pair is consolidating in the center of the range without any particular direction. Possibly, today the price may break 1.2460. The target is at 1.2344. However, if the instrument breaks 1.2500 to the upside, the market may move upwards to reach 1.2582.

 

USD CHF, “US Dollar vs Swiss Franc”

The USD/CHF pair has reached the target of the correction and right now is consolidating. After breaking the range to the upside, the price may start the fifth ascending wave towards 1.0125.

 

USD JPY, “US Dollar vs Japanese Yen”

The USD/JPY pair is still being corrected. Possibly, today the price may grow towards 113.83. Later, in our opinion, the market may fall with target at 112.60 and then start another growth to reach 115.30.

 

AUD USD, “Australian Dollar vs US Dollar”

The AUD/USD pair is falling towards 0.7650. After reaching this level, the instrument may grow to with the target at 0.7700. Later, in our opinion, the market may break 0.7650 to the downside and continue falling to reach 0.7500.

 

USD RUB, “US Dollar vs Russian Ruble”

The USD/RUB pair has completed the correction. Possibly, today the price may break 57.90 upwards and then grow to reach 58.40.

 

XAU USD, “Gold vs US Dollar”

Gold has completed another ascending structure. Possibly, today the price may fall towards 1213.50. After breaking this level to the downside, the instrument may continue moving downwards to reach the local target at 1192.00.

 

BRENT

Brent has reached the target of the descending structure. Possibly, today the price may grow towards 56.25 and then start another decline to reach the local target at 54.50.

 

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.