Forex Technical Analysis & Forecast 23.03.2017 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD, BRENT)

23.03.2017

EUR USD, “Euro vs US Dollar”

The EUR/USD pair has broken 1.0780 upwards and may continue growing towards 1.0850 (an alternative scenario). However, taking into account that the price is moving without any corrections, it is expected to reach a new high and then plummet with the target at 1.0640.

 

GBP USD, “Great Britain Pound vs US Dollar”

The GBP/USD pair is moving upwards. Possibly, the price may choose an alternative scenario and reach 1.2552. After that, the instrument may move downwards with the target at 1.2488 and then grow towards 1.2645. The market is moving without any corrections, that’s why it may star plummeting to reach 1.2377.

 

USD CHF, “US Dollar vs Swiss Franc”

The USD/CHF pair has broken 0.9943 to the downside. Possibly, the price may move according to an alternative scenario and expand the range towards 0.9822. Later, in our opinion, the market may start another ascending structure with the target at 1.0000.

 

USD JPY, “US Dollar vs Japanese Yen”

Being under pressure, the USD/JPY pair is falling. Possibly, today the price may reach 110.65 and then grow towards 112.90. After that, the instrument may form another descending structure with the target at 110.30.

 

AUD USD, “Australian Dollar vs US Dollar”

The AUD/USD pair is consolidating. Possibly, the price may form another ascending structure to reach 0.7694 and complete the correction.  Later, in our opinion, the market may fall to break 0.7635. The local target is at 0.7595.

 

USD RUB, “US Dollar vs Russian Ruble”

The USD/RUB pair is consolidating at the lows. Possibly, today the price may reach a new low and return to 57.60. After that, the instrument may fall to reach 55.30. Right now, the market may grow towards 58.37 to test it from below. Later, in our opinion, the pair may continue falling inside the downtrend.

 

XAU USD, “Gold vs US Dollar”

Being under pressure, Gold is moving upwards. Possibly, the price may choose an alternative scenario with the target at 1263. The market is moving without any corrections, that’s why it may star plummeting to reach 1230.

 

BRENT

Brent is moving downwards to reach a new low. Possibly, the price may form another structure with the target at 49.52. Later, in our opinion, the market may start growing to reach 52.80.

 

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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