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Forex Technical Analysis 26.02.2015
Analysis for February 26th, 2015
EUR USD, “Euro vs US Dollar”
Eurodollar is moving inside its consolidation channel. Possibly, the market may test level of 1.1400. After that, according to the main scenario, the price may fall towards level of 1.1240 and then return to level of 1.1380, thus continuing forming this consolidation channel.
GBP USD, “Great Britain Pound vs US Dollar”
Pound is extending its ascending structure. We think, today the price may reach level of 1.5600. this ascending movement may be considered only as an alternative. The main scenario implies that the downtrend is going to continue. The target is at level of 1.4850.
USD CHF, “US Dollar vs Swiss Franc”
Franc is still moving without any particular direction. We think, today the price may reach another high at level of 0.9540 and then continue falling inside the downtrend. The next target is at level of 0.8200; the first one is at level of 0.8830.
USD JPY, “US Dollar vs Japanese Yen”
Yen is consolidating. We think, today the price may continue falling inside the downtrend. The next target is at level of 117.80.
AUD USD, “Australian Dollar vs US Dollar”
Australian Dollar has chosen to move according to an alternative scenario and is still being corrected. We think, today the price may expand its trading range upwards and then return to level of 0.7800. After that, the pair may form another ascending structure to reach level of 0.7970. However, these ascending movements aren’t confirmed by the market and at any moment the pair start falling very fast towards level of 0.7570.
USD RUB, “US Dollar vs Russian Ruble”
Ruble is still moving inside a descending structure towards level of 58.00. After that, the pair may return to level of 63.00. Later, in our opinion, the market may continue falling inside the downtrend towards the target at 55.00.
XAU USD, “Gold vs US Dollar”
Gold is still consolidating. Possibly, the price may expand this channel upwards and start a correction. However, according to the main scenario the downtrend may continue towards level of 1113.
RoboForex Analytical Department
Thursday, 26 Feb, 2015 / 10:15
Source : http://www.roboforex.com/analytics/forex-forecast/technical-analysis/technical-26022015/
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