Forex Technical Analysis 24.03.2015 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD)

24.03.2015

Analysis for March 24th, 2015

EUR USD, “Euro vs US Dollar”

Eurodollar has completed an ascending structure. We think, today the price may fall towards level of 1.07675 and then form a consolidation channel. If the market breaks this channel upwards, the correction may continue up to level of 1.2250; if downwards – continue falling inside the downtrend to reach new lows.



GBP USD, “Great Britain Pound vs US Dollar”

Pound continues moving inside an ascending structure with the target at level of 1.50264. After reaching it, the pair may fall towards level of 1.48566, thus forming a consolidation channel. If the market breaks this channel upwards, this correction may continue to return to level of 1.5800; if downwards – the downtrend may continue towards level of 1.4400.




USD CHF, “US Dollar vs Swiss Franc”

Franc is still moving inside a descending structure. We think, today the price may reach level of 0.96090 and then return to level of 0.98900, thus forming a consolidation channel. If the market breaks this channel upwards, it may continue growing to reach a new high; if downwards – continue falling inside the downtrend.




USD JPY, “US Dollar vs Japanese Yen”

Yen continues forming a descending structure towards level of 118.95. Later, in our opinion, the market may return to level of 119.92 and then start forming a consolidation channel. If the market breaks this channel upwards, it may grow to reach level of 123.00; if downwards – continue falling towards level of 117.00.




AUD USD, “Australian Dollar vs US Dollar”

Australian Dollar has finished another ascending wave. We think, today the price may fall towards level of 0.7720, thus forming a consolidation channel. If the market breaks this channel upwards, the correction may continue as the fourth wave; if downwards – continue falling and reach a new low.




USD RUB, “US Dollar vs Russian Ruble”

Ruble continues falling. We think, today the price may complete the first descending wave by reaching level of 57.40 and then return to level of 62.00. Later, in our opinion, the market may continue falling inside the downtrend. This whole descending wave may be considered as the fifth one with the target at level of 44.00.




XAU USD, “Gold vs US Dollar”

Gold has completed an ascending structure. We think, today the price may continue falling inside the downtrend. The target is at level of 1113.



 
RoboForex Analytical Department

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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.

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