Forex Technical Analysis 24.02.2015 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD)
24.02.2015
Analysis for February 24th, 2015
EUR USD, “Euro vs US Dollar”
Eurodollar is moving below level of 1.1343. We think, today the price may continue falling to reach level of 1.1260 and then return to level of 1.1380. After that, the pair may start another descending movement towards level of 1.1240.
GBP USD, “Great Britain Pound vs US Dollar”
Pound is attempting to continue its ascending structure. If it succeeds, the market may expand its consolidation upwards and continue the current correction, However, this scenario may be only considered as an alternative one, as the price isn’t strong enough to each the necessary targets. The main scenario implies that the market may continue falling towards level of 1.4850.
USD CHF, “US Dollar vs Swiss Franc”
Franc is trying to reach new highs and reach level of 0.9630. After that, the pair may continue falling to reach level of 0.8830.
USD JPY, “US Dollar vs Japanese Yen”
Yen is attempting to continue growing. We think, today the price may reach level of 119.50. After that, the pair may fall to break level of 118.30 and then form continue falling inside the downtrend.
AUD USD, “Australian Dollar vs US Dollar”
Australian Dollar is moving downwards. We think, today the price may continue falling to reach level of 0.7570.
USD RUB, “US Dollar vs Russian Ruble”
Ruble is forming a structure to return to level of 63.00. According to the main scenario, the pair is expected to continue falling and forming a descending wave with the target at level of 58.00. After that, the pair may form a new correction towards level of 63.00. Later, in our opinion, the market may fall to break level of 58.00 and then continue falling inside the downtrend towards the target at 55.00.
XAU USD, “Gold vs US Dollar”
Gold is still consolidating. If the price breaks this consolidation range downwards, the downtrend may continue towards level of 1113.
RoboForex Analytical Department
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Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.