Technical analysis on 25.03.2021

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Technical analysis on 25.03.2021

25.03.2021

EURUSD

Euro Currency pair against the US dollar continues to trade under downward pressure. Today we will consider the probability of a reduction to 1.1800. After reaching this level, we expect a rise to 1.1877.

GBPUSD

Pound currency pair to US dollar fell to 1.3700. At the moment, the market is trading around it in terms of consolidation. Today, its expansion to 1.3670 is not excluded. Next, let’s look at the probability of an increase to 1.3850.

USDRUB

US dollar currency pair to the Russian ruble continues to expand the scope of consolidation around the level of 76.00. Today, its expansion to 76.66 is not excluded. Next, let’s look at the probability of falling to 74.50.

USDJPY

The japanese dollar currency pair to the Japanese yen worked the correction to 108.98. After that, we expect the trend to continue until 108.40. The target is local.

USDCHF

US dollar-to-Swiss franc currency pair continues to form a consolidation range around 0.9287. Today, the probability of its expansion to 0.9371 should be taken into account. It then relapsed to 0.9155.

AUDUSD

The Australian dollar to the US dollar continues to expand its consolidation range at 0.7642. Today we expect a drop to 0.7516. Next – correction to 0.7640. It then fell to 0.7451.

BRENT

Oil fell to 60.45 and remains at 65.50. After its development, we expect the decline to continue to 60.00. The goal is the first.

GOLD

Gold continues to form a consolidation range above 1727.00. Currently, the compound of decline to 1711.67 is not excluded. We then expect it to rise to 1776.08. After that, a correction to 1727.00 is not excluded. Then there is the increase to 1813,88. The target is local.

S’P 500

Stock Index fell to 3888.0. Today, the probability of an increase to 3925.6 should be taken into account. Scope of consolidation is practically formed. With the exit from this, the potential to continue the correction to the level of 3860.0 will be opened. From production upwards it is possible to 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.