Analysis for March 28th, 2016
Eurodollar is consolidating near 1.1165. We think, today the price may fall towards 1.1000. An alternative scenario implies that the market may return to 1.1200. After that, the pair may continue falling inside the downtrend to reach 1.1000.
EUR USD, “Euro vs US Dollar”
GBP USD, “Great Britain Pound vs US Dollar”Pound is falling with the target at 1.3970. An alternative scenario implies that the market may grow to reach 1.4245. After that, the pair may be fall towards the above-mentioned target.
USD CHF, “US Dollar vs Swiss Franc”Franc has reached its local upside target. We think, today the price may fall towards 0.9726 and then grow to reach 0.9805. After that, the pair may fall towards 0.9700.
USD JPY, “US Dollar vs Japanese Yen”Yen has reached the local target of its ascending structure. We think, today the price may fall towards 112.50 and the form another ascending structure to reach 114.26. Later, in our opinion, the market may move downwards.
AUD USD, “Australian Dollar vs US Dollar”Australian Dollar is consolidating. If the price breaks this consolidation channel upwards, it may be corrected up to 0.7587; if downwards – the downtrend may continue to reach 0.7400.
USD RUB, “US Dollar vs Russian Ruble”Russian Ruble is consolidating near 69. The main scenario suggests that the price may continue falling to reach 65. After that, the pair may start another correction to return to 72.
XAU USD, “Gold vs US Dollar”Gold has broken the minimum of its consolidation channel and may fall to reach its local target at 1170. Later, in our opinion, the market may be corrected towards 1220 and then start another decline to reach 1160.
RoboForex Analytical Department
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