Technical analysis on 18.03.2021

18.03.2021

EURUSD

Euro Currency pair against the US dollar is trading in the fifth wave of growth of 1.2011. The market is currently consolidating around 1.1966. Drop-to-1944 (pre-test) is not excluded. Then there is the increase to 1.1995. After its development, another correctable link to 1.1944 cannot be excluded. Then – rise to 1.2011.

GBPUSD

Pound currency pair against the US dollar trades in the fifth wave of growth to the level of 1.4055. The market fell to 1.3929 and rose to 1.3977. Today, the pair remains in the structure of the drop to 1.3935 (test in advance). After reaching this level, we expect growth to reach 1.4017. Furthermore, another link between the correction and the level of 1.3935 is not excluded. Then – increase to 1.4055.

USDRUB

currency pair of the US dollar to the Russian ruble received support at 72.55 and worked a correction link by 73.90. Today, we expect the next wave of declines to rise to 73.13. And with its division, the possibility of reducing to 72.32.

USDJPY

Currency pair of the Japanese dollar to the Japanese yen made a correction to 108.62. Today we expect growth to 109.03. And with the division of this level, it is necessary to take into account the probability of “throwing away” the price to 109.45. Then we expect the beginning of a wave of declines to the level of 107.85.

USDCHF

currency pair of the US dollar to the Swiss franc broke the level of 0.9252 down. We are considering continuing the wave of decline to 0.9186. After reaching this level, we expect a correction to 0.9276.

AUDUSD

Australian dollar against the US dollar continues to develop a wave of growth to 0.7860. Once worked out, the probability of reducing the correction to 0.7750.

BRENT

Crude oil is traded broadly around 67.77. If we come out of it, we expect to work out 69.00. On the way downwards, a continuation of the correction to 65.00.

GOLD

Gold rose to 1755.10. Today we will consider the probability of a correction to 1727.47. Once completed, we will consider the probability of starting another growth structure to 1777.70. And with its breakout it will open up growth potential to 1900.00.

S’P 500

Stock Index is listed in the growth structure to 4000.0. After its development, we expect the beginning of a wave of correction to 3861.8. Next, consider the probability that the growth wave will start at 4126.0.

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.