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Forex Technical Analysis & Forecast 18.03.2022

EURUSD, “Euro vs US Dollar”

After reaching 1.1134, EURUSD continues the correction towards 1.1034. Later, the market may form one more ascending wave with the target at 1.1144.

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 finishing the ascending wave at 1.3210, GBPUSD has formed a new consolidation range around 1.3143. Possibly, the pair may break the range to the downside and correct down to 1.3081. Later, the market may form one more ascending wave towards 1.3230 or even extend this structure to reach the short-term target at 1.3259.

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

USDJPY, “US Dollar vs Japanese Yen”

After reaching the short-term downside target and completing the correction at 118.77, USDJPY is expected to fall towards 118.22. Later, the market may start another correction to reach 118.33 and then form a new descending wave with the target at 117.60.

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

USDCHF, “US Dollar vs Swiss Franc”

Having completed the second descending impulse at 0.9335 along with the correction towards 0.9371, USDCHF is consolidating around 0.9370. Possibly, the pair may break the range to the upside and correct to reach 0.9390. After that, the instrument may resume trading downwards with the target at 0.9323.

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

AUDUSD, “Australian Dollar vs US Dollar”

After finishing the ascending impulse at 0.7390, AUDUSD is forming a new consolidation range there. Today, the pair may expand the range up to 0.7400 and then correct to return to 0.7298. Later, the market may form one more ascending structure with the target at 0.7434.

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

BRENT

Brent continues growing towards 120.50. After that, the instrument may fall to reach 109.50 and then resume trading upwards with the target at 141.00.

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

XAUUSD, “Gold vs US Dollar”

Gold has finished the correction at 1940.50. Today, the metal may start a new correction with the target at 1921.90 and then resume growing to reach 1986.30.

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

S&P 500

The S&P index is still consolidating above 4368.0. Possibly, the asset may form one more ascending structure towards 4480.0 and then resume falling to reach 4250.0 or even extend this structure down to 4070.5.

S&P 500
Risk Warning: the result of previous trading operations do not guarantee the same results in the future


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