Forex Technical Analysis & Forecast 01.03.2018 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)

01.03.2018

EURUSD, “Euro vs US Dollar”

EURUSD has reached 1.2200. Possibly, today the price may start another consolidation range. After breaking the range downwards, the instrument may continue falling inside the downtrend with the short-term predicted target at 1.1860.

EURUSDRisk Warning: the results of previous trading operations do not guarantee the same results in the future.

GBPUSD, “Great Britain Pound vs US Dollar”

GBPUSD has reached 1.3760. Today, the price may form another consolidation channel. Later, the market may break it downwards and then continue trading to the downside with the short-term predicted target at 1.3375.

GBPUSDRisk Warning: the results of previous trading operations do not guarantee the same results in the future.

USDCHF, “US Dollar vs Swiss Franc”

USDCHF is trading to break 0.9440 upwards. Possibly, today the price may continue growing towards short‑term predicted target at 0.9550.

USDCHFRisk Warning: the results of previous trading operations do not guarantee the same results in the future.

USDJPY, “US Dollar vs Japanese Yen”

USDJPY is still consolidating. If later the instrument breaks this range to the upside, the market may start another correction to reach 110.40. if to the downside – continue falling inside the downtrend with the target at 103.30.

USDJPYRisk Warning: the results of previous trading operations do not guarantee the same results in the future.

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD is still forming the third descending wave with the short-term predicted target at 0.7663.

AUDUSDRisk Warning: the results of previous trading operations do not guarantee the same results in the future.

USDRUB, “US Dollar vs Russian Ruble”

USDRUB has returned to 56.17. Today, the price may continue falling to reach 55.50. According to an alternative scenario, the instrument may form another ascending structure towards 56.84.

USDRUBRisk Warning: the results of previous trading operations do not guarantee the same results in the future.

XAUUSD, “Gold vs US Dollar”

Gold is falling inside the downtrend with the target at 1307.00. After that, the instrument may form another consolidation range, break it downwards, and then continue trading to the downside with the target at 1250.00.

GOLDRisk Warning: the results of previous trading operations do not guarantee the same results in the future.

BRENT

Brent has finished the descending correctional structure. Possibly, the price may start another growth towards 66.60. The instrument is expected to start a new wave with the target at 70.60.

BRENTRisk Warning: the results of previous trading operations do not guarantee the same results in the future.

 

RoboForex Analytical Department

 

Attention!

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.

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