Article By RoboForex.com
Analysis for March 20th, 2015
EUR USD, “Euro vs US Dollar”
Influenced by the news, Eurodollar has formed an ascending structure and today is expected to resume falling and form a descending wave to reach new lows. Structure. Possibly, the pair may form a consolidation channel near level of 1.0510. Later, in our opinion, the market may continue falling to reach another new low.
GBP USD, “Great Britain Pound vs US Dollar”
Pound continues forming a descending wave. We think, today the price may reach a new low. The target of this wave is at level of 1.4620. Later, in our opinion, the market may form another consolidation channel to return to level of 1.4900.
USD CHF, “US Dollar vs Swiss Franc”
Franc is moving upwards and forming a consolidation channel. We think, today the price may continue growing to reach level of 1.0145 and then start forming another descending wave towards level of 0.9250.
USD JPY, “US Dollar vs Japanese Yen”
Yen also continues moving upwards with the target at level of 123.00. We think, today the price may form a consolidation channel, break it upwards, and continue growing towards the above-mentioned target.
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AUD USD, “Australian Dollar vs US Dollar”
Australian Dollar has completed a descending impulse and corrected it. We think, today the price may continue falling towards level of 0.7510.
USD RUB, “US Dollar vs Russian Ruble”
Ruble is still consolidating without any particular direction. The price is expected to continue falling towards level of 57.40 and then grow to return to level of 64.00. After that, the market may start the third wave to reach level of 50.50.
XAU USD, “Gold vs US Dollar”
Gold is being corrected towards level of 1177. Later, in our opinion, the market may continue falling inside the downtrend to reach level of 1113.
RoboForex Analytical Department
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.
