Forex Technical Analysis & Forecast 23.03.2018 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)
EURUSD, “Euro vs US Dollar”
EURUSD has completed the descending impulse along with the correction. Today, the price may form another descending impulse towards 1.2222 and then start another correction to reach 1.2380. After that, the instrument may resume moving downwards with the target at 1.2185.
GBPUSD, “Great Britain Pound vs US Dollar”
GBPUSD is forming the first descending impulse. Possibly, today the price may reach 1.4020 and the start another correction towards 1.4120. Later, the market may start another descending wave with the target at 1.3888.
USDCHF, “US Dollar vs Swiss Franc”
USDCHF is falling to reach 0.9444. After that, the instrument may resume growing towards 0.9510 and then move downwards with the target at 0.9480. Later, the market may continue growing to reach 0.9572.
USDJPY, “US Dollar vs Japanese Yen”
USDJPY has finished another descending structure. Today, the price may reach 104.56 and then grow towards 105.60. Later, the market may fall with the target at 105.20.
AUDUSD, “Australian Dollar vs US Dollar”
AUDUSD is forming another descending structure and right now is consolidating around 0.7700. Possibly, the price may break this range to the downside and reach the target at 0.7640. After that, the instrument may start another correction to return to 0.7777.
USDRUB, “US Dollar vs Russian Ruble”
USDRUB has finished the descending impulse. Today, the price may be corrected towards 57.34 and then continue falling inside the downtrend towards the short-term target 55.85.
XAUUSD, “Gold vs US Dollar”
Gold is moving upwards. Possibly, today the price may reach 1342.00 and then start another descending impulse towards 1328.00. Later, the market may grow to reach 1333.00 and then continue falling inside the downtrend with the target at 1314.00.
BRENT
Brent is still consolidating near the highs. If later the instrument breaks this range to the upside, the market may grow to reach 71.30; if to the downside – start another correction towards 67.90 and then resume moving inside the uptrend with the 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.