Forex Technical Analysis & Forecast 20.03.2018 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)

20.03.2018

EURUSD, “Euro vs US Dollar”

EURUSD has formed another consolidation range below 1.2295, broken this level upwards, and expanded the range. Possibly, today the price may fall to reach the downside border of the range at 1.2260, break it, and then continue falling inside the downtrend with the target at 1.2155.

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 has formed another consolidation range below 1.4000, broken this level upwards, and expanded the range. Today, the price may fall to return to 1.4000 and then form another ascending structure towards 1.4093 to complete the Flag pattern. After that, the instrument may resume falling inside the downtrend with the target at 1.3760.

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 is consolidating around 0.9515. Later, the market may break this range to the inside and continue growing towards 0.9620. After that, the instrument may start another correction to reach 0.9480.

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 consolidating around 106.00. Possibly, today the price may grow to reach 106.40 and then fall towards 105.70. If later the instrument breaks this range to the upside, the market may start another correction towards 106.90; if to the downside – fall with the target at 105.04.

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 falling; it has formed another consolidation range. Today, the price may break it downwards and then continue moving downwards with the target at 0.7640.

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 has completed the ascending correction towards 57.80. Possibly, today the price may fall to reach 57.00 and then grow with the target at 57.45, thus forming another consolidation range. If later the instrument breaks this range to the upside, the market may extend the correction to reach 58.30 (an alternative scenario); if to the downside – continue falling inside the downtrend towards 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 around 1314.00. Today, the price may expand the range towards 1320.00. Later, the market may fall to break 1307.00 downwards and then continue falling inside the downtrend with the target at 1275.00.

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

 

BRENT

Brent is moving upwards; it has broken the consolidation range to the upside and may continue growing to reach 67.40. If later the instrument breaks this level upwards, the market may move inside the uptrend with the target at 70.50.

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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