Forex Technical Analysis & Forecast 21.03.2018 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)

EURUSD, “Euro vs US Dollar”

EURUSD has broken 1.2270 downwards and right now is consolidating near the lows. According to the main scenario, today the price may continue falling inside the downtrend towards 1.2185. An alternative scenario suggests that the instrument may be corrected to reach 1.2290 and then resume moving downwards with the target at 1.2090.

GBPUSD, “Great Britain Pound vs US Dollar”

GBPUSD is falling. Possibly, the price may reach 1.3950 and then grow towards 1.4020, thus forming a new consolidation range. If later the instrument breaks this range to the upside, the market may extend the ascending structure to reach 1.4094 (an alternative scenario) and then resume falling; if to the downside – continue falling inside the downtrend towards 1.3780.

USDCHF, “US Dollar vs Swiss Franc”

USDCHF is still trading towards the target at 0.9620. Possibly, today the price may consolidate above 0.9550. If later the instrument breaks this range to the upside, the market may continue growing to reach the above-mentioned target; if to the downside – start another correction towards 0.9490 and then resume moving upwards.

USDJPY, “US Dollar vs Japanese Yen”

USDJPY has finished the ascending structure and expanded the range upwards. Possibly, today the price may fall to reach 105.80, thus forming another consolidation range. If later the instrument breaks this range to the upside, the market may continue the correction towards 106.80 (an alternative scenario); if to the downside – fall with the target at 105.04.

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD is consolidating around 0.7777. According to the main scenario, today the price may continue falling inside the downtrend with the target at 0.7595. An alternative scenario suggests that the instrument may break the upside border and start another correction to reach 0.7770.

USDRUB, “US Dollar vs Russian Ruble”

USDRUB is forming the descending impulse with the target at 57.30. Later, the market may grow to reach 57.60 and then continue falling inside the downtrend towards 56.66.

XAUUSD, “Gold vs US Dollar”

Gold is consolidating around 1314.00. If later the instrument breaks this range to the downside, the market may fall to reach 1300.00; if to the upside – start another correction with the target at 1320.00.

BRENT

Brent is moving upwards; right now, it is consolidating at the top. Today, the price may continue growing towards the target at 70.50. An alternative scenario suggests that the instrument may be corrected downwards to reach 66.60 and then resume moving inside the uptrend with the above-mentioned target.

RoboForex Analytical Department