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Forex Technical Analysis & Forecast 05/03/2020

EURUSD, “Euro vs US Dollar”

After reaching both borders of the channel at the levels of 1.1200 and 1.1100 EURUSD found equilibrium in the area of the level of 1.1135. Today new attempts are possible to break the level of 1.1100 down to the levels of 1.1070 and 1.1040. In case of moving up, the targets will be 1.1180 and the resistance around 1.1200.

GBPUSD, “Great Britain Pound vs US Dollar”

GBPUSD shows a market turn from the main trend down towards the level of 1.2897. If it is possible to overcome this level, the growth potential to the level of 1.2940 will be opened. Possible lower targets would be 1.2856 and 1.2807.

USDCHF, “US Dollar vs Swiss Franc”

The Swiss franc is consolidating in a narrow channel around the level of 0.9560. Below is the support at 0.9545. Above are the possible levels at 0.9575 and 0.9600.

USDJPY, “US Dollar vs Japanese Yen”

USDJPY demonstrates its intention to continue the main trend down. Lower targets may be 106.92 and 106.60. In case of correction up, the immediate goal may be the level of 107.77.

AUDUSD, “Australian Dollar vs US Dollar”

AUDUSD still can not break the level of 0.6628 up. Above this level, the target may be at 0.6675. But rollback down to 0.6592 is more expected.

USDRUB, “US Dollar vs Russian Ruble”

USDRUB reached the target level of 65.50 and returned to equilibrium around 66.00. Today yesterday’s scenario can be repeated: the goals below – 65.50 and further – 65.00. Possible resistances above are at the levels of 66.50 and 66.90.

USDCAD, “US Dollar vs Canadian Dollar”

After a sharp increase from the level of 1.3333, USDCAD was unable to break through the level of 1.3433 and went down below the important technical level of 1.3400. Today technical fluctuations are possible between the levels of 1.3364 and 1.3433.

XAUUSD, “Gold vs US Dollar”

Gold is in a flat near the level of 1640.00. Possible targets below may be 1626.00 and 1611.40. The upper targets are at the levels of 1650.00 and further – 1660.00.


Brent shows technical fluctuations between 51.25 and 52.00. Today upward movement to the level of 52.70 is possible. The lower targets will remain 51.25 and 50.25.

BTCUSD, “Bitcoin vs US Dollar”

BTCUSD continues to move in the channel between 8700.00 and 8963.00. Therefore, the goals remain the same: 9128.00 above and 8550.00 below.


Forecasts should not be considered as guidance for trading.