Forex Technical Analysis & Forecast 27.03.2020

27.03.2020

EURUSD, “Euro vs US Dollar”

After completing the ascending structure at 1.0935 and forming a new consolidation range as an upside continuation pattern, EURUSD has broken it upwards; right now, it is still growing towards 1.1090. Possibly, today the pair may reach this level and then start a new decline towards 1.1015. Later, the market may form one more ascending structure with the target at 1.1125.

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”

After breaking 1.1981, GBPUSD is moving upwards to reach 1.2323. After that, the instrument may correct to the downside to return to 1.1981 and then form one more ascending structure with the target at 1.2505.

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 falling to reach 0.9600. Later, the market may correct towards 0.9680 and then resume trading downwards with the target at 0.9530.

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 has finished the descending structure at 108.40. Today, the pair may consolidate near the lows. If later the price breaks this range to the upside, the market may start another correction towards 110.10 and then resume falling to break 108.00. After that, the instrument may continue trading inside the downtrend with the target at 105.80.

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 forming the fifth ascending wave towards 0.6136. After that, the instrument may correct to the downside with the target at 0.5822 and then resume trading upwards to reach 0.6060.

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 still consolidating around 78.00; by now, it has reached 77.20. Possibly, the pair may grow to reach 78.50 and then resume trading downwards to break 77.00. Later, the market may continue falling with the target at 75.50.

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 still falling. Today, the pair may reach 1.4000. Later, the market may correct grow towards 1.4141 and then form a new descending structure with the target at 1.3780.

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

XAUUSD, “Gold vs US Dollar”

Gold is consolidating above 1619.00. Possibly, the pair may grow towards 1645.00 and then start a new decline to break 1600.00. After that, the instrument may continue the correction with the target at 1551.00.

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

BRENT

Brent falling. Possibly, today the pair may reach 25.25 and then form one more ascending structure to break 27.00. Later, the market may continue trading upwards with the target at 30.33.

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

BTCUSD, “Bitcoin vs US Dollar”

BTCUSD is still consolidating around 6600.00 without any particular direction. The main scenario implies that the instrument may resume growing to reach 7500.00 and then correct towards 5700.00.

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.