Technical analysis on 29.03.2021

Technical analysis on 29.03.2021

29.03.2021

EURUSD

euro Currency pair against the US dollar continues to expand the scope of consolidation above the level of 1.1761. Today we expect its expansion to 1.1751. We will then consider the probability of a correction to 1.1846. It then fell to 1.1707.

GBPUSD

Pound currency pair to US dollar worked rising to 1.3807. Today we expect a drop to 1.3742. After that, another increase compound to the level of 1.3850 is not excluded.

USDRUB

US dollar currency pair to Russian ruble continues to develop the structure of the decline to 75.46. Then we expect an increase of 76.00. The development of the consolidation range around 76.00 is practically taken into account. The main scenario is the development of a wave of declines to 74.50.

USDJPY

the currency pair of the Japanese dollar to the Japanese yen has created a consolidation range above the level of 109.46. Today, the market is trading at the break of its lower limit. We expect a drop to 109.10. The goal is the first.

USDCHF

US dollar-to-Swiss franc currency pair is trading at 0.9378. When finished, consider the probability of an increase to 0.9436. Subsequently, the relapse to 0.9330.

AUDUSD

The Australian dollar against the US dollar corrected to 0.7644 (test from below). Today we expect a drop to 0.7515. After that, it is not yet excluded, one correction link to 0.7644. It is then down to 0.7450.

BRENT

Crude oil continues to expand its consolidation range around 63.00. It is not excluded to extend to 65.50 (lower test). Next, consider the likelihood of another wave of correction declines to 60.00.

GOLD

Gold continues to form a consolidation range above 1727.00 without a clear trend. At present, the link between the reduction and extension of the scope to 1711.67 is not excluded. Next, we expect growth to be associated with 1776.08. After that, the correction to 1727.00 is not Excluded. Then there is the increase to 1813,88. The target is local.

S’P 500

Stock Index broke 3925.6 up and link worked up to 3977.0. Currently, a correction link up to 3925.6 (pre-test) is not excluded. Next – increase to 4000.0. After working out this level, we expect a correction link to 3860.0.

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.