Article By RoboForex.com
Analysis for March 13th, 2015
EUR USD, “Euro vs US Dollar”
Eurodollar has formed an ascending impulse, which, however, isn’t strong enough to continue. We think, today the price may reach a new low and expand the consolidation channel downwards. Later, in our opinion, the market may start forming another ascending impulse.
GBP USD, “Great Britain Pound vs US Dollar”
Pound has reached the target of its descending wave. We think, today the price may reach a new low and form a new consolidation range. The pair is expected to start a correction.
USD CHF, “US Dollar vs Swiss Franc”
Franc has finished a descending impulse, which, however, isn’t strong enough to continue. We think, today the price may reach a new high and consolidate. The pair is expected to form another descending impulse.
USD JPY, “US Dollar vs Japanese Yen”
Yen hasn’t been able to form the third impulse and expand it downwards. Instead, the price may reach a new high and then form a consolidation channel with a reversal pattern. The pair is expected to continue falling inside the downtrend.
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AUD USD, “Australian Dollar vs US Dollar”
Australian Dollar has finished its correction. We think, today the price may fall to reach new lows. Later, in our opinion, the market may consolidate and form a reversal pattern. The pair is expected to start a correction.
USD RUB, “US Dollar vs Russian Ruble”
Ruble is still consolidating. According to the main scenario, the price may fall to reach level of 57.40. After that, the pair may return to level of 63.00 and then continue falling to reach the target at level of 50.50.
XAU USD, “Gold vs US Dollar”
Gold is also consolidating. We think, today the price may continue falling inside the downtrend to reach the target at level of 1113. After that, the market may start a correction.
RoboForex Analytical Department
Article By RoboForex.com
Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex LP bears no responsibility for trading results based on trading recommendations described in these analytical reviews.
