Technical analysis on 31.03.2020

31.03.2020

EURUSD

euro currency pair against the US dollar continues to develop a recovery wave. Previously, the market was formed at 1.1053, which was a continuation of the correction. With the way out of it, the potential to drop to 1.0980 opened. The target is local. Once this level is reached, we expect a combination of growth to 1.1053. Then – drop to 1.0970.

Technical analysis on 31.03.2020

GBPUSD

U.S. dollar pound made 2 positives on the decline and adjusted to 1.2343. Today, we expect the third pulse to drop to 1.2185. Next, we expect growth to be associated with 1.2345.

Technical analysis on 31.03.2020 101.000 USDCHF

US dollar currency pair to Swiss franc broke the downward tide channel and continues to trade under upward pressure. Consider the possibility of reaching the level of 0.9685. Then – fall to 0.9595.

Technical analysis on 31.03.2020

USDJPY

US dollar currency pair to Japanese yen is trading under pressure of growth. The market suggests considering the possibility of developing a correction to 109.45. Then – drop to 108.35.

Technical analysis on 31.03.2020

AUDUSD

The Australian dollar against the US dollar is trading broadly above 0.6070. With his breakout down he will open up the potential to drop to .5920. Then – increase to 0.6070.

Technical analysis on 31.03.2020

USDRUB

US dollar currency pair against the Russian ruble has created a consolidation range around 79.75. With output, it will open up growth potential by 82.25. With the downside, we will consider a drop to 75.95.

Technical analysis on 31.03.2020

USDCAD

US dollar currency pair against the Canadian dollar today is trading under upward pressure. The level of 1.4300 is expected to be reached. Then – drop to 1.4160. We will then consider the possibility of an increase to 1.4404.

Technical analysis on 31.03.2020

GOLD

Gold today continues to expand its consolidation range around 1617.67. We expect a drop to 1609.00. And with this level down, it will open up the possibility of falling to 1597.66.

Technical analysis on 31.03.2020 101 000 BRENT

Oil updated at 22.33. Currently, the market remains in the structure of growth dynamics up to 24.62. A reduction to 23,50 is then not excluded. At these levels, we expect the scope of consolidation to develop. At the exit from it should take into account the increase to 28.50. With the way down, the 22.00 level update is not excluded.

Technical analysis on 31.03.2020

Bitcoin

Bitcoin market continues to trade around level 6150. Today we will consider the possibility of reducing to the lower limit of this range – 5700. Then – rise to 6600. Along with its breakout up it will open up growth potential to 7600.

Technical analysis on 31.03.2020Ind.) 101,000 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 during the trading recommendations of the presented reviews.