Analysis for March 10th, 2014
EUR USD, “Euro vs US Dollar”
Euro continues moving upwards. We think, today price may form consolidation channel, leave it upwards, and then continue growing up to reach level of 1.3940. Later, in our opinion, instrument may fall down towards level of 1.3830 and then move upwards again to reach level of 1.3990.
GBP USD, “Great Britain Pound vs US Dollar”
Pound continues growing up slowly. We think, today price may reach level of 1.6800. Later, in our opinion, instrument may fall down towards level of 1.6700 and then continue growing up towards target at level of 1.7000.
USD CHF, “US Dollar vs Swiss Franc”
Franc continues falling down. We think, today price may reach target at 0.8730, consolidate for a while, and then continue moving downwards to reach level of 0.8300.
USD JPY, “US Dollar vs Japanese Yen”
Yen continues forming descending structure towards level of 102.80. Later, in our opinion, instrument may return to level of 104.40, and then start moving downwards to reach level of 100.00.
AUD USD, “Australian Dollar vs US Dollar”
Australian Dollar reached target of its ascending structure. We think, today price may form reversal pattern to continue moving downwards to reach target at 0.8400. First target is at 0.8770.
USD RUB, “US Dollar vs Russian Ruble”
Ruble is still being corrected; market has already formed four waves. We think, today price may grow up towards level of 36.50 and then form the fifth wave with target at level of 35.60. Later, in our opinion, instrument may start another ascending movement to reach level of 37.60.
XAU USD, “Gold vs US Dollar”
Gold broke minimum of its consolidation channel again. We think, today price may form continuation pattern, reach level of 1317.08, and then return to level of 1334. Later, in our opinion, instrument may start the fifth descending wave towards level of 1313.60.
RoboForex Analytical Department