Forex Technical Analysis & Forecast 08.03.2019 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)

March 8, 2019

Article By RoboForex.com

EURUSD, “Euro vs US Dollar”

EURUSD continues moving downwards without any corrections. The key target of the wave is at 1.1100. Possibly, today the pair may be corrected to test 1.1202 from below. Later, the market may start a new decline towards 1.1140.

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”


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GBPUSD has broken 1.3100 downwards. Today, the pair may fall to break 1.3070 and then continue moving downwards to reach 1.3030.

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 has broken 1.0080 upwards; right now, it is still growing. Today, the pair may continue trading upwards to reach 1.0133 and then form one more descending structure to return to 1.0080. After that, the instrument may start a new growth towards 1.0163.

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 reached the target at 111.37; right now, it is trading downwards. Possibly, the pair may form a downside continuation pattern at 111.37. The target is at 110.97.

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 is trading downwards to reach 0.6926. Later, the market may be corrected to the upside with the target at 0.7000 and then resume trading inside the downtrend towards 0.6840.

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 has reached 66.12. Possibly, today the pair may fall towards 65.87 and then continue growing with the target at 66.20.

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 still consolidating in the middle of the range. If later the price breaks this range to the upside, the instrument may grow to reach 1298.60; if to the downside – resume trading inside the downtrend with the target at 1276.80.

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

BRENT

Brent is moving downwards to reach 63.95. After that, the instrument may resume growing with the target at 68.40 and then start a new correction towards 57.07.

BRENT

Article By RoboForex.com

Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex LP bears no responsibility for trading results based on trading recommendations described in these analytical reviews.