Forex Technical Analysis & Forecast 14.03.2018 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)
EURUSD, “Euro vs US Dollar”
EURUSD has finished the ascending correctional structure. Possibly, today the price may consolidate at the top of this structure. After that, the instrument may break the range to the downside and continue falling inside the downtrend towards the first target at 1.2338.
GBPUSD, “Great Britain Pound vs US Dollar”
GBPUSD has completed another correctional structure. Possibly, today the price may consolidate at the top of this structure. Later, the market may break this range to the downside and continue falling inside the downtrend with the first target at 1.3875.
USDCHF, “US Dollar vs Swiss Franc”
USDCHF is being corrected to the downside. Today, the price may consolidate near the current lows. After that, the instrument may break this range upwards and then continue forming the third wave with the target at 0.9620.
USDJPY, “US Dollar vs Japanese Yen”
USDJPY is falling. Possibly, today the price may reach 106.24 and then resume growing to continue the correction towards 107.45. Later, the market may fall inside the downtrend to reach 106.24.
AUDUSD, “Australian Dollar vs US Dollar”
AUDUSD is consolidating. According to the main scenario, the price may fall towards 0.7840, break it, and then continue falling inside the downtrend with the target at 0.7777.
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.
XAUUSD, “Gold vs US Dollar”
Gold has complete the Flag correctional pattern. Today, the price may fall towards 1317.00 and then start another growth to reach 1323.00. After that, the instrument may resume falling to break 1310.00 and then continue its decline towards 1285.00.
BRENT
Brent is still consolidating; it has formed the Triangle pattern. Possibly, today the price may fall to reach 63.88. Later, the market may grow to reach the upside border of the range at 65.88, break it, and then continue forming the third ascending wave with the target at 67.88.
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.