Forex Technical Analysis & Forecast 28.03.2017 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD, BRENT)

28.03.2017

EUR USD, “Euro vs US Dollar”

The EUR/USD pair is growing towards 1.0914. Possibly, the price may be corrected to test 1.0836 from above and then continue moving upwards with the target at 1.0914. Later, in our opinion, the market may form another correction to reach 1.0836 and then continue its growth towards 1.0954. This growth is considered only as an alternative scenario.

 

GBP USD, “Great Britain Pound vs US Dollar”

The GBP/USD pair is growing to reach 1.2654. Possibly, today the price may be corrected towards 1.2537 and then start growing to reach the local target. After that, the instrument may fall with the target at 1.2537.

 

USD CHF, “US Dollar vs Swiss Franc”

The USD/CHF pair is moving downwards. Possibly, today the price may be corrected towards 0.9885. Later, in our opinion, the market may reach 0.9775 and then resume moving upwards with the target at 0.9885.

 

USD JPY, “US Dollar vs Japanese Yen”

The USD/JPY pair is falling; it has formed the ascending impulse, but it’s not strong enough to continue. Possibly, today the price may reach 110.00 and then grow towards 110.74. After that, the instrument may fall with the target at 109.90.

 

AUD USD, “Australian Dollar vs US Dollar”

The AUD/USD pair is forming the forming the fifth descending wave with the target at 0.7541. Possibly, today the price may fall towards 0.7595 and then start consolidating. After breaking this range to the downside, the market may reach 0.7550.

 

USD RUB, “US Dollar vs Russian Ruble”

Being under pressure, the USD/RUB pair is falling. Possibly, today the price may move to reach 57.45. After that, the instrument may continue falling with the target at 55.50.

 

XAU USD, “Gold vs US Dollar”

Being under pressure, Gold is trading to the upside. Possibly, today the price may complete the correction at 1251.60. Later, in our opinion, the market may grow towards 1262.60 and then continue falling with the target at 1230.00.

 

BRENT

Being under pressure, Brent is trading to break 51.15 downwards. The price is expected to continue moving upwards with the local target at 52.50. After that, the instrument may fall to reach 51.20 and then grow with the first target at 52.80.

 

RoboForex Analytical Department

 

Attention!

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