Analysis for March 17th, 2016
Being influenced by the news, Eurodollar has strengthened its positions; the pair continues growing. The market is expected to form the wave to reach the target at 1.1290. We think, today the price may fall towards 1.1169. After that, the pair may continue growing to reach the above-mentioned target and then fall towards 1.1000.
EUR USD, “Euro vs US Dollar”
GBP USD, “Great Britain Pound vs US Dollar”Pound is being corrected. We think, today the price may fall towards 1.4200, return to 1.4365, and then fall again towards 1.4000.
USD CHF, “US Dollar vs Swiss Franc”Being influenced by the news, Franc has broken its consolidation channel downwards. We think, today the price may test 0.9820 from below and then fall towards 0.9602, thus completing this descending wave. After that, the pair may continue growing inside the uptrend to reach 1.0500.
USD JPY, “US Dollar vs Japanese Yen”Being under pressure, Yen is moving downwards; the market has reached its local downside target. We think, today the price may return to 113.00 to test it from below. After that, the pair may fall to reach 111.65 and then grow to return to 113.00.
AUD USD, “Australian Dollar vs US Dollar”Being influenced by the news, Australian Dollar has reached a new high. We think, today the price may fall towards 0.7555. Later, in our opinion, the market may form another ascending structure to reach 0.7700.
USD RUB, “US Dollar vs Russian Ruble”Russian Ruble is consolidating. We think, today the price may break the channel downwards to reach 67. Later, in our opinion, the market may test 69 from below and then continue falling to reach the local target at 65.
XAU USD, “Gold vs US Dollar”Being influenced by the news, Gold has returned to the center of its consolidation channel. Possibly, the price may continue growing to reach new highs at 1292. After that, the market may fall to return to 1191.
RoboForex Analytical Department
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