rfxsignals March 10, 2020 No Comments

Forex Technical Analysis & Forecast 10.03.2020

10.03.2020

EURUSD, “Euro vs US Dollar”

EURUSD has completed the ascending structure at 1.1494; right now, it is falling. Possibly, the pair may break 1.1353 and then continue trading downwards with the short-term target at 1.1230. After that, the instrument may form one more ascending structure to reach 1.11366 and then start a new decline towards 1.1215.

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”

After reaching 1.3199, GBPUSD has finished the ascending wave; right now, it is moving downwards. Possibly, the pair may fall to break 1.3044 and then continue falling with the short-term target at 1.2936.

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

USDCHF, “US Dollar vs Swiss Franc”

After finishing перу descending wave at 0.9177, USDCHF is trading upwards with the short-term target at 0.9440. Later, the market may correct to reach 0.9318 and then start a new growth towards 0.9460.

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 moving upwards with the target at 104.40. After that, the instrument may start another correction towards 103.17 and then form one more ascending structure with the first target at 105.25.

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

AUDUSD, “Australian Dollar vs US Dollar”

After finishing the ascending impulse at 0.6670, AUDUSD is correcting towards 0.6456. Later, the market may resume trading upwards to break 0.6616 and then continue growing with the target at 0.6750.

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

USDRUB, “US Dollar vs Russian Ruble”

In the case of USDRUB, there was a gap in the morning and the pair reached 75.20. Due to slumping oil prices, the instrument is not traded by the regulator’s order. After the market opening, the price may fall towards 68.18.

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

USDCAD, “US Dollar vs Canadian Dollar”

Due to a gap to the upside in the morning, USDCAD has reached its first upside target at 1.3755. Today, the pair may form a new descending structure to break 1.3535 and then continue the correction with the short-term target at 1.3444.

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

XAUUSD, “Gold vs US Dollar”

Gold is forming the first descending impulse towards 1655.44. After that, the instrument may form one more ascending structure towards 1680.00, thus forming a new consolidation range between these two levels. According to the main scenario, the pair is expected to continue falling with the first target at 1602.00.

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

BRENT

Due to a gap to the downside, Brent has reached the target at 31.40; right now, it is growing with the short-term target at 39.05. After that, the instrument may correct towards 36.36 and then start a new growth with the first target at 41.71.

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

BTCUSD, “Bitcoin vs US Dollar”

BTCUSD is growing towards 8100.00. Later, the market may correct to reach 7855.00, thus forming a new consolidation range between these two levels, the main scenario implies that the instrument may break the range to the upside and start a new growth with the target at 8600.00.

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