Forex Technical Analysis & Forecast 12.03.2018 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)
EURUSD, “Euro vs US Dollar”
EURUSD has expanded the consolidation range downwards and reached the target. Possibly, today the price may be corrected upwards and return to 1.2367. After that, the instrument may continue falling inside the downtrend with the target at 1.2200.
Risk Warning: the results of previous trading operations do not guarantee the same results in the future.
GBPUSD, “Great Britain Pound vs US Dollar”
GBPUSD has completed the descending impulse along with the correction. Today, the price may fall towards 1.3757, break it, and then continue falling with the target at 1.3624.
Risk Warning: the results of previous trading operations do not guarantee the same results in the future.
USDCHF, “US Dollar vs Swiss Franc”
USDCHF has finished the descending correctional structure towards 0.9487. Possibly, today the price may grow to reach 0.9540, break it, and then continue moving upwards with the short-term target at 0.9560.
Risk Warning: the results of previous trading operations do not guarantee the same results in the future.
USDJPY, “US Dollar vs Japanese Yen”
USDJPY is consolidating at the top. Possibly, today the price may break 106.46 downwards. The target is at 105.91. After that, the instrument may grow to return to 106.46, thus forming another consolidation range between the above-mentioned levels. If later the instrument breaks this range to the upside, the market may continue the correction towards 107.30; if to the downside – fall inside the downtrend to reach 105.04.
Risk Warning: the results of previous trading operations do not guarantee the same results in the future.
AUDUSD, “Australian Dollar vs US Dollar”
AUDUSD is trading upwards. Possibly, the price may reach 0.7882 and then start another descending wave with the target at 0.7660.
Risk Warning: the results of previous trading operations do not guarantee the same results in the future.
USDRUB, “US Dollar vs Russian Ruble”
USDRUB is still consolidating around 56.62. Today, the price may fall to reach the downside border at 56.11 and then grow towards 56.62. Later, the market may resume falling with the short-term target at 55.50.
Risk Warning: the results of previous trading operations do not guarantee the same results in the future.
XAUUSD, “Gold vs US Dollar”
Gold is consolidating around 1320.00. Possibly, today the price may grow to reach 1328.00 and then fall towards 1310.00. Later, the market may start another growth to reach 1320.00 and then resume falling with the target at 1300.00.
Risk Warning: the results of previous trading operations do not guarantee the same results in the future.
BRENT
Brent has finished the ascending structure. Today, the price may start another decline towards 64.54. After that, the instrument may resume growing to reach 66.11, break it, and then continue moving upwards with the target at 67.85.
Risk Warning: the results of previous trading operations do not guarantee the same results in the future.
RoboForex Analytical Department
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.