Forex Technical Analysis & Forecast 22.03.2018 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)
EURUSD, “Euro vs US Dollar”
EURUSD has reached the upside border of the range. Today, the price may fall towards 1.2290 and then grow to reach 1.2330. After that, the instrument may resume moving downwards with the target at 1.2220.
GBPUSD, “Great Britain Pound vs US Dollar”
GBPUSD has completed another ascending structure and finished the correction. Possibly, today the price may start another descending movement towards the first target at 1.3981.
USDCHF, “US Dollar vs Swiss Franc”
USDCHF is still consolidating. Possibly, the price may grow towards 0.9519 and then fall to reach 0.9570. After breaking it to the upside, the market may continue growing to reach the short-term target 0.9650.
USDJPY, “US Dollar vs Japanese Yen”
USDJPY has finished another descending structure. Today, the price may grow to reach 106.07 and then fall towards 105.04. Later, the market may resume moving inside to reach 106.50.
AUDUSD, “Australian Dollar vs US Dollar”
AUDUSD has formed another consolidation range near the lows, broken it upwards, and returned to 0.7777 to test it from below. Possibly, today the price may form one more descending structure towards 0.7640 and then resume growing to return to 0.7777.
USDRUB, “US Dollar vs Russian Ruble”
USDRUB has finished the first descending impulse. Today, the price may grow towards 57.50 and then continue falling inside the downtrend towards the first target of this descending wave at 56.66. The main target is at 54.80.
XAUUSD, “Gold vs US Dollar”
Gold has formed another consolidation range below 1320.00, broken it upwards, and finished the ascending structure. Possibly, today the price may fall to return to 1320.00 and then grow towards 1328.00. After that, the instrument may start another descending wave to break 1307.00 and then continue falling inside the downtrend with the target at 1275.00.
BRENT
Brent has broken 67.70 upwards and continue growing. Today, the price may be corrected to reach 69.00 (at least) or even 67.90. Later, the market may resume moving inside the uptrend with the short-term target at 72.00.
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.