Forex Technical Analysis & Forecast 13.03.2019 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)

March 13, 2019

Article By RoboForex.com

EURUSD, “Euro vs US Dollar”

EURUSD has reached the predicted target and returned to 1.1300. Possibly, today the pair may break the ascending channel. The first downside target is at 1.1240.

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”


Get our Weekly Commitment of Traders Report: - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.




Get Our Free Metatrader 4 Indicators - Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter






GBPUSD is forming another descending wave. Today, the pair may form the fifth structure towards 1.2955.

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 consolidating near the lows of the Flag pattern. Possibly, today the pair may form a new ascending structure to break 1.0094 and then continue trading inside the uptrend with the first target 1.0160.

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 correctional target; right now, it is consolidating below 111.36. Possibly, the pair may break the Triangle pattern to the downside and reach the target of the fifth structure at 110.57.

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 moving downwards. The short-term target is at 0.6967.

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 completed the descending impulse; right now, it is consolidating around 65.65. Possibly, today the pair may break the range downwards and reach 65.15. However, if this level is broken as well, the instrument may continue trading inside the downtrend with the target at 64.95.

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

XAUUSD, “Gold vs US Dollar”

Gold has reached the upside target at 1305.11. Today, the pair may start consolidating. Later, the market may break the range downwards and form one more descending wave 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 still consolidating around 66.62. According to the main scenario, the pair may break it upwards and continue growing to reach the target at 68.40. After that, the instrument may start a new correction towards 63.65.

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.