Forex Technical Analysis & Forecast 06.03.2017 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD, BRENT)

06.03.2017

EUR USD, “Euro vs US Dollar”

The EUR/USD pair has completed the correctional wave. Today, the price may continue falling and from the wave to return to 1.0540. The first target is at 1.0580.

 

GBP USD, “Great Britain Pound vs US Dollar”

The GBP/USD pair has completed the first structure as a correction. Possibly, the correction may yet continue towards 1.2377. After that, the instrument may fall to reach 1.2200 and then start another correction with the target at 1.2377.

 

USD CHF, “US Dollar vs Swiss Franc”

The USD/CHF pair has completed the descending wave as a correction. Possibly, today the price may continue growing inside the uptrend towards 1.0200. The first target is at 1.0135.

 

USD JPY, “US Dollar vs Japanese Yen”

The USD/JPY pair is falling towards 113.40. Later, in our opinion, the market may grow with the target at 115.30. After that, the instrument may reverse and start falling to reach 111.10.

 

AUD USD, “Australian Dollar vs US Dollar”

The AUD/USD pair is falling towards 0.7530. Later, in our opinion, the market may grow with the target at 0.7612 and then move downwards to reach 0.7473.

 

USD RUB, “US Dollar vs Russian Ruble”

The USD/RUB pair is being corrected towards 57.64. After that, the instrument may grow to reach 61.00 and then resume falling with the target at 55.65.

 

XAU USD, “Gold vs US Dollar”

Gold is being corrected towards 1247.45. Possibly, today the price may fall to reach 1229.87 and then grow with the target at 1247.45.

 

BRENT

Brent is growing towards 56.37. Later, in our opinion, the market is expected to fall with the local target at 54.00.

 

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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