Forex Technical Analysis & Forecast: EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, Gold, Brent


EURUSD, “Euro vs US Dollar”

EURUSD has failed to break 1.1726 downwards; the pair has been supported by the fundamental background and right now is still moving upwards. Possibly, today the price may choose an alternative scenario to reach 1 .1868 and then fall towards 1.1740. After that, the instrument may form a new ascending structure to reach 1.1998.

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”

GBPUSD is growing. Possibly, the price may reach 1.3434 and then fall towards 1.3375. After that, the instrument may start another growth with the short-term target at 1.3560.

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. Today, the price choose an alternative scenario to continue the correction and reach 0.9777.

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 is falling towards 109.29. After that, the instrument may grow to reach 110.05 and then continue this decline with the short-term target at 108.30.

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 has reached its short-term target and returned to 0.7580. Possibly, today the price may form a new consolidating range. If later the pair breaks this range to the upside, the market may grow towards 0.7600; if to the downside – continue trading to the downside to reach 0.7488.

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 moving downwards. Possibly, the price may reach 61.57 and then grow towards 62.35. After that, the instrument may continue trading to the downside with the short-term target at 60.00.

USDRUB

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

 

XAUUSD, “Gold vs US Dollar”

Gold is trading towards 1302.00. Later, the market may fall to reach 1297.00 and then grow with the target at 1304.00. After that, the instrument may fall to break 1288.00 and then continue trading to the downside to reach the short-term target at 1275.00.

XAUUSD

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

 

BRENT

Brent is trading upwards. Today, the price may break 76.70 and reach the target at 78.30. Later, the market may form a new descending structure to return to 75.80 and then grow with the short-term target at 80.50.

Brent 

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