Forex Technical Analysis & Forecast 27.03.2018 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)

27.03.2018

EURUSD, “Euro vs US Dollar”

EURUSD is moving upwards. Possibly, the price may choose an alternative scenario and expand the current consolidation range towards 1.2494. If later the instrument breaks this range to the upside, the market may reach 1.2482; if to the downside – start another correction with the target at 1.2400.

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 trading upwards. Possibly, today the price may choose an alternative scenario and expand the current consolidation range towards 1.4323. If later the instrument breaks this range to the upside, the market may reach 1.4266; if to the downside – start another correction with the target at 1.4198.

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 moving downwards. Today, the price may choose an alternative scenario and expand the range towards 0.9411. Later, the market may grow to reach 0.9479 and then form another descending structure with the target at 0.9392.

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 has completed the ascending impulse towards 105.60. Today, the price may be corrected to reach 105.30 and then form another ascending structure with the target at 106.50.

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 around 0.7714. Possibly, today the price may expand the range downwards to reach 0.7639 and then resume growing 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 being corrected. Possibly, the price may reach 57.51. After that, the instrument may move downwards to break 56.56 and then continue falling inside the downtrend towards with the short-term target at 55.50.

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

 

XAUUSD, “Gold vs US Dollar”

Gold has broken the consolidation range upwards. Possibly, today the price may choose an alternative scenario and grow towards 1359.00. Later, the market may be corrected to reach 1339.00.

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

 

BRENT

Brent is trading above 69.85. Today, the price may continue growing towards 71.31. Later, the market may start another correction to reach 67.95 and then resume moving inside the uptrend with the target at 72.00.

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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