Forex Technical Analysis & Forecast 24.01.2017 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD, BRENT)

EUR USD, “Euro vs US Dollar”

The EUR/USD pair is forming another ascending structure. Possibly, today the price may reach 1.0787 and then fall towards 1.0707. Later, in our opinion, the market may continue growing with the target at 1.0830.

GBP USD, “Great Britain Pound vs US Dollar”

The GBP/USD pair has completed another ascending structure. Possibly, today the price may fall towards 1.2398. After that, the instrument may move upwards to reach 1.2550.

USD CHF, “US Dollar vs Swiss Franc”

The USD/CHF pair is forming another descending structure with the target at 0.9945. Later, in our opinion, the market may be corrected towards 1.0020 and then fall to reach 0.9915.

USD JPY, “US Dollar vs Japanese Yen”

The USD/JPY pair is forming the descending structure with the target at 112.25. After that, the instrument may grow towards 113.82 and then continue falling to reach 112.00.

AUD USD, “Australian Dollar vs US Dollar”

The AUD/USD pair is moving upwards with the target at 0.7640. Later, in our opinion, the market may continue falling to reach 0.7400.

USD RUB, “US Dollar vs Russian Ruble”

The USD/RUB pair is still consolidating. Possibly, today the price may grow towards 60.41 and then fall to reach 58.40.

XAU USD, “Gold vs US Dollar”

Gold is consolidating at the top. Possibly, today the price may grow towards 1222. After that, the instrument may return to 1210 and then continue moving upwards with the target at 1235.

BRENT

Brent is consolidating in the center of the range. Possibly, the price may grow towards 56.00 and then move downwards to reach 53.80. Later, in our opinion, the market may return to 55.00 and then continue falling with the target at 53.00.

RoboForex Analytical Department