Forex Technical Analysis & Forecast 09.03.2017 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD, BRENT)

09.03.2017

EUR USD, “Euro vs US Dollar”

The EUR/USD pair has broken another consolidation range to the downside and right now is still falling. Possibly, the price may downwards to reach 1.0520. After that, the instrument may be corrected towards 1.0579 and then continue falling inside the downtrend with the target at 1.0488.

 

GBP USD, “Great Britain Pound vs US Dollar”

The GBP/USD pair is still falling inside the downtrend. The target is at 1.2072. Later, in our opinion, the market is expected to start another correction to reach 1.2376.

 

USD CHF, “US Dollar vs Swiss Franc”

The USD/CHF pair is moving to the upside. Possibly, today the price may reach 1.0200. After that, the instrument may be corrected towards 1.0136 and then continue growing inside the uptrend to reach 1.0265.

 

USD JPY, “US Dollar vs Japanese Yen”

The USD/JPY pair is moving at the top of the consolidation range. Possibly, today the price may fall towards 114.15. Later, in our opinion, the market may grow with the target at 115.30.

 

AUD USD, “Australian Dollar vs US Dollar”

The AUD/USD pair has reached its local target. Possibly, the price may start another correction towards 0.7600 to test it from below. After that, the instrument may resume falling to reach 0.7480.

 

USD RUB, “US Dollar vs Russian Ruble”

After the market opening, the USD/RUB pair is expected to grow towards 60.08. Later, in our opinion, the market may be corrected to reach 58.73 and then start growing with the target at 61.00.

 

XAU USD, “Gold vs US Dollar”

Gold is still extending the descending wave. The predicted target is at 1182. Possibly, today the price may be corrected towards 1220 and then continue falling.

 

BRENT

Brent has completed the descending wave. Possibly, the price may start another correction to reach 54.58. After that, the instrument may form the fifth structure with the target at 52.30.

 

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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