Forex Technical Analysis & Forecast 07.03.2019 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)

EURUSD, “Euro vs US Dollar”

EURUSD has reached the predicted downside target. Possibly, today the pair may form a new ascending structure to reach 1.1327 and then resume moving downwards with the short-term target at 1.1283. Later, the market may be corrected towards 1.1345.

GBPUSD, “Great Britain Pound vs US Dollar”

GBPUSD is being corrected towards 1.3188. After that, the instrument may form one more descending structure with the short-term target at 1.3061. Later, the market may grow to return to 1.3188 and then resume moving downwards towards 1.2994.

USDCHF, “US Dollar vs Swiss Franc”

USDCHF is consolidating around 1.0038. Today, the pair may form one more descending structure to reach 1.0023 and then continue growing with the short-term target at 1.0060. After that, the instrument may start a new correction towards 1.0010.

USDJPY, “US Dollar vs Japanese Yen”

USDJPY is still being corrected towards 111.40. Possibly, today the pair may reach this level and then form a new ascending structure with the target at 112.40.

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD has broken 0.7060 downwards; right now, it is consolidating around this level. Today, the pair may grow to test 0.7064 from below and then form one more descending structure towards 0.7009. Later, the market may resume moving upwards to return to 0.7064 and then continue trading inside the downtrend with the short-term target at 0.6922.

USDRUB, “US Dollar vs Russian Ruble”

USDRUB is moving upwards; it has reached the upside border of the range. If later the price breaks 66.00 to the upside, the instrument may continue growing to reach 66.20; if 65.65 to the downside – resume trading inside the downtrend with the short-term target at 64.90.

XAUUSD, “Gold vs US Dollar”

Gold is consolidating around 1286.45. If later the price breaks this range to the upside, the instrument may be corrected to reach 1312.00; if to the downside – resume trading inside the downtrend with the target at 1276.80.

BRENT

Brent is moving upwards. Possibly, the pair may form one more descending structure towards 63.95 and then resume moving upwards to break 66.35. If the price fixes above this level, the instrument may continue growing with the target at 68.40.