Analysis for March 2nd, 2015
Eurodollar continues moving downwards; the market hasn’t been able to form a correction. After reaching new lows, the pair is expected to continue falling towards level of 1.1000.
EUR USD, “Euro vs US Dollar”
GBP USD, “Great Britain Pound vs US Dollar”Pound is consolidating. After leaving the channel downwards, the price may reach level of 1.5285. This descending movement may be considered a correctional one.
USD CHF, “US Dollar vs Swiss Franc”Franc continues moving upwards. We think, today the price may reach level of 0.9615. One should note that this ascending movement is the result of regulator’s influence and can stop at any moment. The next downside target is at level of 0.8200; a local one – at 0.8830.
USD JPY, “US Dollar vs Japanese Yen”Yen has reach the target of another ascending structure. We think, today the price may fall towards level of 119.08. This descending movement may be considered as a part of wave with the target at level of 116.40.
AUD USD, “Australian Dollar vs US Dollar”Australian Dollar continue falling. We think, today the price may form a consolidation range. Later, in our opinion, the market may break it downwards and reach level of 0.7700. After that, the pair may return to level of 0.7800.
USD RUB, “US Dollar vs Russian Ruble”Ruble is still moving inside a descending structure towards level of 57.40. This movement may be considered as the first wave of another descending structure. After that, the pair may start a correction to return to level of 64.00 and then continue falling inside the downtrend.
XAU USD, “Gold vs US Dollar”Gold is still moving upwards. Possibly, the price may expand its consolidation channel towards level of 1230. Later, in our opinion, the market may continue falling. The main target is at level of 1113.
RoboForex Analytical Department
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