Forex Technical Analysis & Forecast 15.03.2018 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)

15.03.2018

EURUSD, “Euro vs US Dollar”

EURUSD is forming another descending impulse with the target at 1.2333. Later, the market may grow towards 1.2373, thus forming a new consolidation range. If later the instrument breaks this range to the upside, the market may continue growing to extend the correction towards 1.2444 (an alternative scenario); if to the downside – fall inside the third wave with the first target at 1.2200.

EURUSD
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

 

GBPUSD, “Great Britain Pound vs US Dollar”

GBPUSD is consolidating at the top. Possibly, today the price may fall towards 1.3878 and then grow to reach 1.3936. After that, the instrument may continue falling inside the downtrend and forming the third wave with the target at 1.3757.

GBPUSD
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

 

USDCHF, “US Dollar vs Swiss Franc”

USDCHF has completed the ascending impulse along with the correction. According to the main scenario, today the price may break the current range upwards and continue forming the third wave with the target at 0.9620. However, if the range is broken downwards, the instrument may continue the descending correction to reach 0.9385 (an alternative scenario).

USDCHF
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

 

USDJPY, “US Dollar vs Japanese Yen”

USDJPY is falling. Possibly, the price may reach 105.04 and then resume growing towards 106.40. Later, the market may fall inside the downtrend to reach 105.80.

USDJPY
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

 

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD is consolidating in the center of the range. According to the main scenario, the price may fall towards 0.7840, break it, and then continue falling inside the downtrend with the target at 0.7777.

AUDUSD
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

 

USDRUB, “US Dollar vs Russian Ruble”

USDRUB is still consolidating around 56.62. Possibly, today the price may expand the range towards 57.50 and then fall to reach 56.25. After breaking the range to the downside, the instrument may continue falling inside the downtrend with the target at 54.80.

USDRUB
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

 

XAUUSD, “Gold vs US Dollar”

Gold is consolidating at the top. Today, the price may fall towards 1320.00 and then start another growth to reach 1325.00, thus forming a new consolidation range. After breaking it to the downside, the instrument may continue falling inside the downtrend towards 1307.00.

GOLD
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

 

BRENT

Brent is still consolidating without any particular direction; it has formed the Triangle pattern. Possibly, today the price may fall to reach 63.88. Later, the market may grow to reach the upside border of the range at 65.88, break it, and then continue forming the third ascending wave with the target at 67.88.

BRENT
Risk Warning: the result 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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