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Forex Technical Analysis & Forecast 07.03.2018 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)

EURUSD, “Euro vs US Dollar”

EURUSD is moving upwards; it has almost completed the correctional wave. Possibly, today the price may form another consolidation range with a reversal pattern. After breaking 1.2380, the instrument may resume moving downwards with the first target at 1.2330.

EURUSDRisk Warning: the results of previous trading operations do not guarantee the same results in the future.

GBPUSD, “Great Britain Pound vs US Dollar”

GBPUSD has completed the ascending wave and may start consolidating. After breaking the range to the downside, the instrument may fall towards 1.3817. Later, the market may grow to reach 1.3887 and the resume moving downwards with the target at 1.3700.

GBPUSDRisk Warning: the results of previous trading operations do not guarantee the same results in the future.

USDCHF, “US Dollar vs Swiss Franc”

USDCHF is still consolidating. Today, the price may fall towards 0.9330 and then grow to reach 0.9420. If later the instrument breaks this range to the upside, the market may form the third ascending wave with the target at 0.9620.

USDCHFRisk Warning: the results of previous trading operations do not guarantee the same results in the future.

USDJPY, “US Dollar vs Japanese Yen”

USDJPY is moving downwards. Possibly, the price may reach 104.80 and then start another growth towards 106.30. Later, the market may continue falling inside the downtrend with the target at 104.50.

USDJPYRisk Warning: the results of previous trading operations do not guarantee the same results in the future.

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD is forming another descending impulse. Today, the price may fall towards 0.7757 and then grow to reach 0.7800. After that, the instrument may continue trading to the downside with the target at 0.7715.

AUDUSDRisk Warning: the results of previous trading operations do not guarantee the same results in the future.

USDRUB, “US Dollar vs Russian Ruble”

USDRUB is falling towards 56.12. After that, the instrument may grow to reach 56.71 and then resume falling towards 55.50.  Later, the market may break it to the downside and then continue trading to the downside with the target at 54.80.

USDRUBRisk Warning: the results of previous trading operations do not guarantee the same results in the future.

XAUUSD, “Gold vs US Dollar”

Gold is forming the descending impulse. Possibly, today the price may reach 1327.00. After that, the instrument may grow towards 1333.00 and then start another decline with the target at 1290.00.

GOLDRisk Warning: the results of previous trading operations do not guarantee the same results in the future.

BRENT

Brent has returned to 65.30. Today, the price may continue growing to reach the first target at 67.07. Later, the market may start another correction towards 65.30.

BRENTRisk Warning: the results of previous trading operations do not guarantee the same results in the future.

 

RoboForex Analytical Department

 


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