Forex Technical Analysis & Forecast 13.03.2018 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)
EURUSD, “Euro vs US Dollar”
EURUSD is consolidating around 1.2315. Possibly, today the price may move upwards to reach 1.2356. After that, the instrument may trade downwards with the target at 1.2200, break it, and then continue falling inside the downtrend towards the short-term target at 1.1930.
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 is consolidating. Possibly, the price may grow towards 1.3933 and then fall to reach the downside border. After breaking 1.3780, the instrument may continue falling inside the downtrend with the target at 1.3600.
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 almost finished the correctional structure. Today, the price may grow to reach 0.9534, break it, and then continue moving upwards with the short-term target at 0.9620.
Risk Warning: the results of previous trading operations do not guarantee the same results in the future.
USDJPY, “US Dollar vs Japanese Yen”
USDJPY continues trading towards 107.29. Possibly, today the price may fall to reach 106.09 and then resume growing to return to 107.29. After that, the instrument may 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 has reached its upside target. Today, the price may start another descending wave with the target at 0.7699.
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. Possibly, today the price may fall to reach the downside border at 56.10 and then grow towards 56.60. 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. Today, the price may grow to reach 1328.00 and then fall towards 1307.00. 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 is trading to rebound from 65.60. Possibly, today the price may grow to reach 66.20. The target is at 67.90. After that, the instrument may form another consolidation range and grow with the target at 70.50.
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.