Forex Technical Analysis 2012/22/03 (EUR/USD, GBP/USD, NZD/USD, AUD/USD) Forecast FX

21.03.2012

Forecast for March 22nd, 2012

EUR/USD

The EUR/USD Currency pair is moving according to the forecast. At the moment we should expect the price to move downwards to the area of 1.3115. This area may be a starting point of the correction to the level of 1.3200. After that the pair may start falling down to the level of 1.3000, which is a critical one. If the price breaks this level, this will be a start of the long-term period descending movement.


GBP/USD

Pound is also moving according to our forecast, the price has broken the trend’s ascending line. We should expect the pair to fall down into the area of 1.5670. One can consider selling Pound with the tight stop. If the pair grows higher than local maximums, this case scenario will be cancelled.


NZD/USD

New Zealand Dollar is also moving according to our forecast. We should expect the pair to continue falling down into the area of 0.8040. If the price tests the area of 0.8200, this case scenario will be cancelled. One can consider selling the pair from the level of 0.8140.


AUD/USD

Australian Dollar continues moving downwards. We should expect the price to be corrected from the current levels into the area of 1.0525, where one can consider opening short positions. The target of the fall is the level of 1.0235. If the price grows higher than 1.0540, this case scenario will be cancelled.


Attention!

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.

Ask a question

Need any help? Click on the icon in the lower right corner of the page and get an answer to any your questions

Or enter your phone number in the form below and we will call you right away.

Call back
Ask a question