Forex Technical Analysis & Forecast 14.03.2019 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)

EURUSD, “Euro vs US Dollar”

EURUSD has failed to fix below 1.13000; it has broken the level upwards instead. Possibly, the pair may choose an alternative scenario to extend this ascending wave. Today, the price may return to 1.1300 to test it from above. If the pair rebound from this level and breaks 1.1340 upwards, the instrument may continue moving according to the alternative scenario and reach 1.1355. However, the main scenario implies that the market may continue trading inside the downtrend with the target at 1.1280.

GBPUSD, “Great Britain Pound vs US Dollar”

GBPUSD has completed the continuation pattern at 1.3180 and reached the target at 1.3330; right now, it is trading downwards. Possibly, the pair may return to 1.3180 to test it from above.

USDCHF, “US Dollar vs Swiss Franc”

USDCHF is growing towards 1.0055. After that, the instrument may fall to reach 1.0044, thus forming a new consolidation range between these levels. Later, the market may break the range to the upside and resume moving upwards with the target at 1.0099.

USDJPY, “US Dollar vs Japanese Yen”

USDJPY is moving upwards. Possibly, the pair may expand the range towards 111.65. Later, the market may fall to break 111.09 and then continue trading inside the downtrend with the first target at 110.57.

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD has rebounded from 0.7090 once again; right now. it is trading downwards. Possibly, the pair may form a new descending structure with the short-term target at 0.6967.

USDRUB, “US Dollar vs Russian Ruble”

USDRUB is trading downwards to reach the target at 65.17 and complete first half of this wave. The predicted target is at 62.90.

XAUUSD, “Gold vs US Dollar”

Gold is forming another descending impulse with the target at 1297.60. Later, the market may resume trading upwards to reach 1301.70 and then form one more descending structure with the first target at 1276.80.

BRENT

Brent is moving upwards. Possibly, the pair may reach 68.40 or even 69.40. After that, the instrument may start a new correction with the target at 63.95.