Analysis for March 21st, 2016
Eurodollar is moving downwards; the pair is expected to be corrected towards 1.1000. We think, today the price may form a descending structure to reach 1.1250 and then return to 1.1294. Later, in our opinion, the market may fall towards 1.1200.
EUR USD, “Euro vs US Dollar”
GBP USD, “Great Britain Pound vs US Dollar”Pound is forming another descending structure. We think, today the price may break the minimum of its consolidation channel and fall towards 1.4296. After that, the pair may test 1.4405 from below and then move downwards to reach 1.4090.
USD CHF, “US Dollar vs Swiss Franc”Franc is moving upwards; the pair is expected to be corrected towards 0.9847. We think, today the price may reach 0.9750 and then return to 0.9700.
USD JPY, “US Dollar vs Japanese Yen”Yen is still consolidating close to the minimum of the channel. Possibly, the market may grow towards 112.50 to test it from below. After that, the pair may fall to reach 110.30.
AUD USD, “Australian Dollar vs US Dollar”Australian Dollar is being corrected with the target at 0.7337. We think, today the price may reach 0.7517 and then test 0.7602 from below. Later, in our opinion, the market may continue falling.
USD RUB, “US Dollar vs Russian Ruble”Russian Ruble has expanded its consolidation channel downwards. We think, today the price may test 70 from below. Later, in our opinion, the market may continue falling to reach 65.
XAU USD, “Gold vs US Dollar”Gold has expanded its consolidation channel downwards and is expected to grow towards the channel’s upper border. The price is expected to continue consolidating around 1256.
RoboForex Analytical Department
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