Forex Technical Analysis 21.03.2014 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD)

21.03.2014

Analysis for March 21st, 2014

EUR USD, “Euro vs US Dollar”

Euro completed the third wave of current correction. We think, today price may return to level of 1.3855 and then form the fifth wave of this correction towards level of 1.3735. Later, in our opinion, instrument may continue growing up. Target is at level of 1.3990.




GBP USD, “Great Britain Pound vs US Dollar”

Pound reached target of the third descending wave. We think, today price may return to level of 1.6605, form another descending structure towards level of 1.6425, and then start new ascending movement.




USD CHF, “US Dollar vs Swiss Franc”

Franc finished the third wave of current correction. We think, today price may fall down to reach level of 0.8757 and then complete this correction by forming another ascending structure towards level of 0.8870. Later, in our opinion, instrument may continue falling down.




USD JPY, “US Dollar vs Japanese Yen”

Yen also completed the third wave of current correction. We think, today price may fall down to reach level of 101.60 and then form the fifth wave towards level of 102.75. Later, in our opinion, instrument may start new descending movement to reach level of 100.00.




AUD USD, “Australian Dollar vs US Dollar”

Australian Dollar is returning towards level of 0.9085. Later, in our opinion, instrument may move downwards to break level of 0.9000 and then continue falling down to reach level of 0.8800.




USD RUB, “US Dollar vs Russian Ruble”

Market was opened with gap up, and Ruble was able to complete its correction at once. We think, today price fall down to reach level of 35.75, return to level of 36.23, and then move downwards again to reach level of 35.50. Later, in our opinion, instrument may form another ascending structure to reach level of 37.50.




XAU USD, “Gold vs US Dollar”

Gold completed its descending wave, which may be considered as correctional. We think, today price may move upwards to reach level of 1378 and then form another descending structure towards level of 1350. Later, in our opinion, instrument may continue growing up to reach level of 1350 and then higher, towards level of 1404.



 
RoboForex Analytical Department

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.

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