Technical analysis on 12.03.2021

12.03.2021 EURUSD Euro The currency pair against the US dollar rose to 1.1988. Today, the market trades in correction. We expect it to drop to 1.1928. When the adjustment is complete, consider the start of the increase to 1.2011. The goal is the first. GBPUSD The pound of currency pair to the US dollar has made a wave of rise to 1.3988. At the moment, the market is creating a series of consolidations around this level. With the down will open the possibility of correction to the level of 1.3930. With the development of production will open up growth potential to the level of 1.4123. USDRUB currency pair of the U.S. dollar to the Russian ruble worked a wave of decline to the level of 73.40. Today, let’s look at the probability of creating a consolidation range around this level. As the road goes down it will open up the potential for a drop to 72.20. USDJPY THE CURRENCY PAIR OF THE US DOLLAR TO THE JAPANESE YEN continues to form a consolidation range at the top of the growth wave. As the main scenario, we consider the decrease to 108.28. As this level is broken down, the possibility of falling to 107.68 will open up. The target is local. USDCHF US dollar-to-Swiss franc currency pair fell to 0.9260. At the moment, the market is creating a series of consolidations around this level. We expect the decline to remain at 0.9186. Next – rise to 0.9260 (lower test). It then fell to 0.9131. AUDUSD The Australian dollar against the US dollar continued to rise to 0.7797. After reaching this level, we expect it to drop to .7600. The goal is the first. Next – correction to the level of 0.7710. BRENT oil is trading in the growth structure to the level of 69,91. Furthermore, a decrease to 68,68 is not excluded. Then – increase to 70.70. Practically, the development of the growth wave to 90.00 continues. GOLD Gold rose to 1739.44. Today we will consider the likelihood of correction to 1710.40. Then – we expect an increase to 1743.00. After reaching this level, the correction link to 1710.50. S’P 500 Stock Index broke 3926.0 up. Today we expect a test of this level in advance. Then there is the increase to 3973.0. After this level is worked out, a correction link to level 3926.0 is not excluded. Then – increase to 4000.0. Ind.)Financial Market Forecasts are private opinions of the authors. The current analysis is not a guide to trade. RoboForex is not responsible for the results of the work that may occur when using the trading recommendations of the presented reviews.