Forex Technical Analysis & Forecast 16.03.2018 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)

EURUSD, “Euro vs US Dollar”

After reaching the target of the descending impulse, EURUSD has formed another consolidation range and broken it downwards. Possibly, the price may continue falling. The target is at 1.2245.

GBPUSD, “Great Britain Pound vs US Dollar”

GBPUSD is trading to break 1.3936 downwards. The target is at 1.3877. After that, the instrument may grow to test 1.3936 from below and then resume falling inside the downtrend with the target at 1.3760.

USDCHF, “US Dollar vs Swiss Franc”

USDCHF has broken 0.9480 upwards and may continue growing to reach 0.9545. Later, the market may fall to return to 0.9480 and then continue forming the third wave with the target at 0.9620.

USDJPY, “US Dollar vs Japanese Yen”

USDJPY is falling. Possibly, the price may break 105.80 downwards and then continue falling towards 105.04. After that, the instrument may resume growing to reach 106.50.

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD has completed another descending structure. Today, the price may start another correction towards 0.7840. Later, the market may resume falling to reach the short-term target at 0.7630.

USDRUB, “US Dollar vs Russian Ruble”

USDRUB is moving upwards. Possibly, the price may reach 57.46 and then fall with the target at 56.85.

XAUUSD, “Gold vs US Dollar”

Gold has broken 1320.00 downwards and may continue falling towards 1310.00. After that, the instrument may start another growth to return to 1320.00 and then continue falling inside the downtrend towards 1300.00.

BRENT

Brent has broken 64.98 upwards and may continue growing to reach 65.90. Later, the market may start another correction to return to 64.98 and then continue growing with the target at 67.90.

RoboForex Analytical Department