Daily Forex analysis by Real Trade

[RealTrade]

Forex Forecast for 28 February

GBP/USD
Despite pound breaking of triangle pair can't move under 1.24. It may be consolidation before Trump's speech, which could drive price more significantly. We are up to sell, but the future moves depend on the Trump.

AUD/USD
Finally! Aud broked trendline. From this moment sell is the main vector of trading. Faling of pair may continue untill 0.76 or even 0.75. But for Today Trump is they key. Because of his comments much can be changed. So we should watching him, and only after that make any decision.

Analysis is provided by Real Trade Group.

 

[RealTrade]

Forex Forecast for 1 March

EUR/GBP
Pound broke line 1.24 and continue to fall. Weak pound give euro a chance to compensate the loses in EUR/USD. Pair broke downtrent trendline and continue to strenghten. We are waiting for 0.8620 to close the trades.

XAU/USD
Because of strong dollar gold loses its value. Pair made figure "ascending wedge". Uptrand line is broken so we may see significant and long failing untill 1217.

Analysis is provided by Real Trade Group.