Analysis for March 22nd, 2016
Eurodollar has completed the first structure of the correction. We think, today the price may return to 1.1290 to test it from below and then continue falling towards 1.1207. After the pair breaks this level, the correction may continue up to 1.1240.
EUR USD, “Euro vs US Dollar”
GBP USD, “Great Britain Pound vs US Dollar”Pound is expanding its consolidation channel downwards. We think, today the price may grow to reach 1.4433. After that, the pair may move downwards to reach 1.4290.
USD CHF, “US Dollar vs Swiss Franc”Franc has completed the first structure of the correction. We think, today the price may fall to reach 0.9673 and then grow towards 0.9753. The market is expected to form another ascending structure with the target at 0.9850.
USD JPY, “US Dollar vs Japanese Yen”Yen has finished the first structure of the correction with the target at 112.18. Later, in our opinion, the market may fall to reach 111.44 and then grow towards 112.90.
AUD USD, “Australian Dollar vs US Dollar”Australian Dollar has completed another descending impulse and right now is consolidating. We think, today the price may fall to reach 0.7517 and then test 0.7600 from below.
USD RUB, “US Dollar vs Russian Ruble”Russian Ruble is forming a descending wave with the target at 65.00. We think, today the price may break 67.10 and then continue falling towards the above-mentioned target. Later, in our opinion, the market may start another correction to return to 72.00.
XAU USD, “Gold vs US Dollar”Gold has finished its descending structure. We think, today the price may return to 1256.60. Later, in our opinion, the market may form another descending wave to reach 1227.00.
RoboForex Analytical Department
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