Analysis for March 16th, 2015
EUR USD, “Euro vs US Dollar”
Eurodollar is attempting to form a consolidation range and an ascending impulse towards its upper border. Right now, this impulse isn’t strong enough to continue. We think, today the price may reach a new low.
GBP USD, “Great Britain Pound vs US Dollar”
Pound is trying to form an ascending impulse. We think, today the price may grow towards the upper border of the current consolidation channel and then fall to reach the lower one.
USD CHF, “US Dollar vs Swiss Franc”
Franc is still moving inside an ascending channel. We think, today the price may reach level of 1.0145 and then form another consolidation range.
USD JPY, “US Dollar vs Japanese Yen”
Yen continues forming a descending impulse. We think, today the price may reach level of 120.30 and then grow to return to level of 121.15.
AUD USD, “Australian Dollar vs US Dollar”
Australian Dollar is still moving inside a descending channel to reach a new low at level of 0.7510. Later, in our opinion, the market may consolidate and form a reversal structure, or even start a correction.
USD RUB, “US Dollar vs Russian Ruble”
Ruble is still consolidating without any particular direction. The price is expected to fall towards level of 57.40 and then return to level of 64.00.
XAU USD, “Gold vs US Dollar”
Gold is also consolidating. We think, today the price may continue falling inside the downtrend to reach the target at level of 1113. After that, the market may start growing to return to level of 1250.
RoboForex Analytical Department