Forex Technical Analysis & Forecast 17.03.2020

17.03.2020

EURUSD, “Euro vs US Dollar”

After forming the ascending structure towards the upside border of the consolidation range at 1.1230, EURUSD has finished another descending impulse along with the correction. Today, the pair may fall towards 1.1050 and then start a new correction with the target at 1.1140.

EURUSD
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

GBPUSD, “Great Britain Pound vs US Dollar”

GBPUSD has broken 1.2282 to the downside. Possibly, today the pair may fall towards 1.2150 and then grow to reach 1.2284, thus forming a new consolidation range. If later the price breaks this range to the downside, the market may resume trading downwards with the target at 1.1950; if to the upside – start a new correction towards 1.2444.

GBPUSD
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

USDCHF, “US Dollar vs Swiss Franc”

USDCHF is still consolidating around 0.9457. Today, the pair may form onу more ascending wave towards 0.9522. Later, the market may start a new decline to return to 0.9457 and then resume trading upwards with the target at 0.9580.

USDCHF
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

USDJPY, “US Dollar vs Japanese Yen”

USDJPY is still consolidating around 106.42. Possibly, today the pair may grow to reach 107.94. After that, the instrument may form a new descending structure towards 106.50 and then start another growth with the target at 108.70.

USDJPY
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD continues falling. Today, the pair may reach 0.6056 and then resume growing with the target at 0.6170.

AUDUSD
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

USDRUB, “US Dollar vs Russian Ruble”

USDRUB is consolidating around 74.47. Possibly, today the pair may expand the range up to 76.00. Later, the market may resume trading downwards with the target at 72.05.

USDRUB
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

USDCAD, “US Dollar vs Canadian Dollar”

USDCAD is moving upwards. Today, the pair may reach 1.4046 and then start a new correction towards 1.3915. After that, the instrument may resume trading upwards with the target at 1.4200.

USDCAD
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

XAUUSD, “Gold vs US Dollar”

After reaching another short-term downside target at 1461.50, Gold has completed the ascending impulse towards 1519.00 along with the correction at 1485.70; right now, it is consolidating around 1500.50. If later the price breaks this range to the upside, the market may correct towards 1550.75; if to the downside – resume trading inside the downtrend with the target at 1400.00.

GOLD
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

BRENT

Brent continues falling; it has broken 31.00. According to the main scenario, the price may reach 27.98 and then start another correction to return to 31.00. Later, the market may resume trading downwards with the first target at 25.05.

BRENT
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

BTCUSD, “Bitcoin vs US Dollar”

 

BTCUSD
Risk Warning: the result of previous trading operations do not guarantee the same results in the future

Attention!

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.