EURUSD, “Euro vs US Dollar”
As we can see in the daily chart, after completing the descending wave at 1.1200, forming a new consolidation range around this level, and breaking it downwards to reach the short-term target at 0.9955, EURUSD has returned to test 1.0080 from below. Possibly, the pair may continue trading within the downtrend to reach 0.9900, or even extend this structure down to 0.9700.
GBPUSD, “Great Britain Pound vs US Dollar”
On the daily chart, after finishing the descending wave at 1.1930 and failing to rebound from it, GBPUSD continues trading downwards with the short-term target at 1.1580. Later, the market may correct up to 1.1900 and then start a new decline to reach 1.1500.
Free Reports:
Download Our Metatrader 4 Indicators – Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter
Get our Weekly Commitment of Traders Reports - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.
USDJPY, “US Dollar vs Japanese Yen”
On the daily chart, after completing the ascending wave at 136.48 and forming a new consolidation range there, USDJPY has broken it to the upside; right now, it is still growing with the short-term target at 141.13. Later, the market may correct down to 136.48 and then start another growth to reach 142.52.
BRENT
As we can see in the daily chart, after failing to fix above 99.00 and forming a new consolidation range, Brent has broken it to the downside and may continue falling towards 91.60. Later, the market may resume trading upwards with the target at 105.20, or even extend this structure up to 120.50.
XAUUSD, “Gold vs US Dollar”
On the daily chart, after completing the descending wave 1725.00 and forming a new consolidation range there, Gold has broken it to the downside and may continue trading downwards to reach 1680.00. Later, the market may form one more ascending wave to return to 1725.00 and then start a new decline with the target at 1650.00. After that, the instrument may resume growing towards 1766.00.
S&P 500
On the daily chart, after finishing the descending wave at 3975.0 and forming a new consolidation range above this level, the S&P index has broken it to the downside. Possibly, the asset may grow to test 3975.0 from below and then resume falling towards 3888.0, or even extend this structure to reach the short-term target at 3700.0.
Article By RoboForex.com
Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex LP bears no responsibility for trading results based on trading recommendations described in these analytical reviews.
- COT Metals Charts: Speculator Bets led by Silver, Gold & Platinum Mar 7, 2026
- COT Bonds Charts: Speculator Bets led by 10-Year Bonds & Fed Funds Mar 7, 2026
- COT Energy Charts: Speculator Bets led by Brent Oil & Heating Oil Mar 7, 2026
- COT Soft Commodities Charts: Speculator Bets led by Corn & Soybean Meal Mar 7, 2026
- Investors run to safe-haven assets amid Middle East escalation Mar 6, 2026
- EUR/USD Under Pressure: Middle East Risks Outweigh All Else Mar 6, 2026
- Bitcoin shows resilience to Middle East events. Oil market stabilizes Mar 5, 2026
- GBP/USD: Market Not Expecting BoE Rate Cut in March Mar 5, 2026
- Brent headed for $100? Mar 4, 2026
- Global stock indices continue sell-off due to Middle East conflict Mar 4, 2026
