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Home / Analytics / Forex analysis & forecasts / Forex Technical analysis and forecasts / Technical analysis for EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD on March 4, 2016
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Technical analysis for EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD on March 4, 2016


Technically, the current correction can perform one more growth link to test the level 1.1075. But the continuation of downtrend to test the level 1.0770 is considered as the main scenario. The completion of the of the first downward trend’s wave is expected here. Later – "Flag" correction toward the level 1.1000.


Pair Pound to US Dollar tested the gain 1.4156. Today, we consider the development of consolidation range. Later, with the breakage of the range downward, we will consider the continuation of the trend to test the level 1.3730.


Pair Dollar to franc has stretched the correction to the lowest border of the growth channel. Today, we consider the development of pullback from that border and growth to the level 1.0055 as the main scenario. As alternative – attempt to stretch the sliding to the level 0.9855. Later – growth to test the level 1.0200.


Pair Dollar-Yen keeps the development of consolidation in the breakage of the level 113.54. Today we consider the continuation of the growth to the level 114.94. Later – turn back to the 113.54. After that – growth to the 116.00. Here we expect the “Flag” correction is completed.


AUS Dollar to US Dollar keeps trading with stretching upward to test the level 0.7410. Later – sliding to the level 0.7165.


The Russian ruble is now trading in the continued third descending wave. The next goal – level 72. Next in the row - consolidation, and if there is a breakage downward, we will consider the possibility of the third sliding wave. The next goal - to overlapping of levels 69.


Gold actually tested one more growth matrix. Let’s consider it as the final matrix, and after its fifth structure breakage we will consider the development of sliding toward the level 1186.


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Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.