Analysis for March 30th, 2016
EUR USD, “Euro vs US Dollar”
Eurodollar has reached the target of its ascending structure and, being influenced by the fundamental background, may move according to an alternative scenario, which implies that it may grow towards 1.1400 at once. We shall consider this scenario after the pair reaches 1.1333. After that, the market may return to 1.1256 and then start another ascending movement towards 1.1370, which may be stopped at any moment by another decline inside the downtrend with the target at 1.1000.
GBP USD, “Great Britain Pound vs US Dollar”
Pound has formed a continuation pattern near 1.4285. We think, today the price may grow to reach the upper border of its consolidation channel at 1.4431. After that, the pair may return to 1.4270.
USD CHF, “US Dollar vs Swiss Franc”
Franc has broken 0.9700 and may continue falling towards 0.9600. Later, in our opinion, the market may return to 0.9800.
USD JPY, “US Dollar vs Japanese Yen”
Yen has reached the target of its descending structure and broken the ascending channel. We think, today the price may continue falling towards 111.69 and then test 112.50 from below. Later, in our opinion, the market may move downwards with the target at 110.30.
AUD USD, “Australian Dollar vs US Dollar”
Being under pressure, Australian Dollar continues moving upwards. We think, today the price may reach 0.7660 and then test 0.7570 from above. After that, the pair may move according to an alternative scenario and grow towards 0.7700.
USD RUB, “US Dollar vs Russian Ruble”
Russian Ruble is still consolidating. We think, today the price may reach 69.40 and then continue falling towards 65.00. Later, in our opinion, the market may start a higher correction with the target at 72.00.
XAU USD, “Gold vs US Dollar”
Gold has completed its correction to return to 1241. We think, today the price may test the minimum of the first descending wave from below. Later, in our opinion, the market may fall towards 1194 and then return to 1234.
RoboForex Analytical Department
Without authorization, you can view no more than two reviews per day and no more than 10 per month. To continue reading analytical reviews, register or login to your Members Area.