Forex Technical Analysis and Forecast: EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, Gold, Brent, BTC/USD


EUR/USD, "Euro vs US Dollar"

EURUSD is consolidating around 1.0971. Possibly, today the pair may break this level to the downside to reach the target at 1.0950. If this level is broken as well, the instrument may continue trading inside the downtrend with the first target at 1.0903.

EURUSD 

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

 

GBP/USD, "Great Britain Pound vs US Dollar"

GBPUSD has finished the first descending impulse at 1.2277; right now, it is correction with the target at 1.2355. After that, the instrument may start the second impulse to break 1.2266 and then continue trading downwards with the second target at 1.2197.

GBPUSD

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

 

USD/CHF, "US Dollar vs Swiss Franc"

After completing the descending correction at 0.9933, USDCHF has formed the ascending impulse towards 0.9966. Possibly, the pair may start a new decline to reach 0.9940, thus forming a new consolidation range. If later the price breaks this range to the upside at 0.9966, the instrument may start a new growth with the first target at 0.9988.

USDCHF

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

 

USD/JPY, "US Dollar vs Japanese Yen"

USDJPY is moving upwards to reach 107.17. Later, the market may start a new correction towards 106.80 and then form one more ascending structure with the first target at 108.00.

USDJPY

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

 

AUD/USD, "Australian Dollar vs US Dollar"

AUDUSD has reached the target of the second ascending impulse; right now, it is correcting with the target at 0.6731 at least. After that, the instrument may continue trading upwards with the first target at 0.6794.

AUDUSD

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

 

USD/RUB, "US Dollar vs Russian Ruble"

USDRUB has reached 64.60; Today, the pair may start another correction with the target at 65.04. Later, the market may continue trading inside the downtrend with the first target at 64.50.

USDRUB

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

 

USD/CAD, "US Dollar vs Canadian Dollar"

USDCAD is consolidating around 1.3321. Possibly, today the pair may fall towards 1.3295 to finish the correction. After that, the instrument may form one more ascending structure with the target at 1.3373.

USDCAD 

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

 

XAU/USD, "Gold vs US Dollar"

Gold has completed the first descending impulse along with the correction. Today, the pair may form the second descending impulse to break 1495.70 and then continue trading downwards with the second target at 1478.60.

XAUUSD

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

 

BRENT

Brent is forming the first ascending impulse towards 60.25. Later, the market may start a new correction to reach 58.50 and then form one more ascending structure to break 61.22. After that, the instrument may continue trading upwards with the second target at 64.05.

Brent

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

 

BTC/USD, "Bitcoin vs US Dollar"

BTCUSD has completed the correction by reaching 7800.00. Today, the pair may start another growth towards 7940.00 and then form a new descending structure to reach 78500.00, thus forming a consolidation range. If later the price breaks this range to the upside, the instrument may resume trading upwards with the target at 8125.00; if to the downside at 1.3200 – continue the downtrend towards 7647.00.

BTCUSD

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

Before you enter foreign exchange and stock markets, you have to remember that trading currencies and other investment products is trading in nature and always involves a considerable risk. As a result of various financial fluctuations, you may not only significantly increase your capital, but also lose it completely. Therefore, our clients have to assure RoboForex that they understand all the possible consequences of such risks, they know all the specifics, rules and regulations governing the use of investment products, including corporate events, resulting in the change of underlying assets. Client understands that there are special risks and features that affect prices, exchange rates and investment products.

Recommended Content


Recommended Content

Editors’ Picks

EUR/USD holds above 1.0700 ahead of key US data

EUR/USD holds above 1.0700 ahead of key US data

EUR/USD trades in a tight range above 1.0700 in the early European session on Friday. The US Dollar struggles to gather strength ahead of key PCE Price Index data, the Fed's preferred gauge of inflation, and helps the pair hold its ground. 

EUR/USD News

USD/JPY stays above 156.00 after BoJ Governor Ueda's comments

USD/JPY stays above 156.00 after BoJ Governor Ueda's comments

USD/JPY holds above 156.00 after surging above this level with the initial reaction to the Bank of Japan's decision to leave the policy settings unchanged. BoJ Governor said weak Yen was not impacting prices but added that they will watch FX developments closely.

USD/JPY News

Gold price oscillates in a range as the focus remains glued to the US PCE Price Index

Gold price oscillates in a range as the focus remains glued to the US PCE Price Index

Gold price struggles to attract any meaningful buyers amid the emergence of fresh USD buying. Bets that the Fed will keep rates higher for longer amid sticky inflation help revive the USD demand.

Gold News

Sei Price Prediction: SEI is in the zone of interest after a 10% leap

Sei Price Prediction: SEI is in the zone of interest after a 10% leap

Sei price has been in recovery mode for almost ten days now, following a fall of almost 65% beginning in mid-March. While the SEI bulls continue to show strength, the uptrend could prove premature as massive bearish sentiment hovers above the altcoin’s price.

Read more

US core PCE inflation set to signal firm price pressures as markets delay Federal Reserve rate cut bets

US core PCE inflation set to signal firm price pressures as markets delay Federal Reserve rate cut bets

The core PCE Price Index, which excludes volatile food and energy prices, is seen as the more influential measure of inflation in terms of Fed positioning. The index is forecast to rise 0.3% on a monthly basis in March, matching February’s increase. 

Read more

Majors

Cryptocurrencies

Signatures