{"id":69963,"date":"2015-03-23T09:24:28","date_gmt":"2015-03-23T13:24:28","guid":{"rendered":"http:\/\/countingpips.com\/?p=69963"},"modified":"2015-03-23T07:25:23","modified_gmt":"2015-03-23T11:25:23","slug":"forex-technical-analysis-23-03-2015-eurusd-gbpusd-usdchf-usdjpy-audusd-usdrub-gold","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2015\/03\/forex-technical-analysis-23-03-2015-eurusd-gbpusd-usdchf-usdjpy-audusd-usdrub-gold\/","title":{"rendered":"Forex Technical Analysis 23.03.2015 (EUR\/USD, GBP\/USD, USD\/CHF, USD\/JPY, AUD\/USD, USD\/RUB, GOLD)"},"content":{"rendered":"
March 23, 2015<\/div>
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Article By RoboForex.com<\/span><\/a><\/strong><\/p>\n

Analysis for March 23rd<\/sup>, 2015<\/p>\n

EUR USD, \u201cEuro vs US Dollar\u201d<\/h2>\n

At the daily chart, Eurodollar is trying to start an ascending wave, or a correction at least. However, the pullback towards level of 1.1000 makes this scenario very questionable; if the pair reaches .a new low, this structure will be considered as the central part of a downside continuation pattern. We think, this week the price may form a consolidation channel between the current highs and lows. If the market breaks this channel upwards, the correction may continue; if downwards \u2013 continue falling inside the downtrend.<\/p>\n

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GBP USD, \u201cGreat Britain Pound vs US Dollar\u201d<\/h2>\n

As we can see at the daily chart, Pound is attempting to form a correction. We think, this week the price may continue consolidating. If the market breaks this channel downwards, the downtrend may continue towards level of 1.4200; if upwards \u2013 this correction may continue to return to level of 1.5680.<\/p>\n

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USD CHF, \u201cUS Dollar vs Swiss Franc\u201d<\/h2>\n

At the daily chart, Franc is still moving inside a descending wave. Possibly, the pair may reach a new low. In this case, the price is expected to continue falling towards level of 0.9260. But if the market continues growing, it may reach level of 1.0145.<\/p>\n

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USD JPY, \u201cUS Dollar vs Japanese Yen\u201d<\/h2>\n

As we can see at the daily chart, Yen continues falling; this descending structure may be considered as a correction towards level of 118.90 (at least). Later, in our opinion, the market may form another ascending structure to reach a new high at level of 122.30.<\/p>

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AUD USD, \u201cAustralian Dollar vs US Dollar\u201d<\/h2>\n

At the daily chart, Australian Dollar is attempting to form another ascending wave. If the market breaks the maximum of the first wave and forms a continuation pattern where a descending channel was broken, the pair will start the fourth correctional wave with the target at level of 0.8730. However, an alternative scenario implies that the price may yet reach new lows.<\/p>\n

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USD RUB, \u201cUS Dollar vs Russian Ruble\u201d<\/h2>\n

As we can see at the daily chart, Ruble is still under pressure and continues falling. The target of this wave (which now may be considered as the first wave of the current descending movement) is at level of 44.00. If the price forms a continuation pattern, the downtrend will continue towards the next target at level of 50.00.<\/p>\n

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XAU USD, \u201cGold vs US Dollar\u201d<\/h2>\n

At the daily chart, Gold has left its descending channel and is trying to start a correction towards level of 1210. Later, in our opinion, the market may continue falling inside the downtrend to reach level of 1113.<\/p>\n

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RoboForex Analytical Department<\/strong><\/p>\n

Article By RoboForex.com<\/span><\/a><\/strong><\/p>\n

Attention!<\/strong>
\nForecasts presented in this section only reflect the author\u2019s 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.<\/p>\n

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Article By RoboForex.com Analysis for March 23rd, 2015 EUR USD, \u201cEuro vs US Dollar\u201d At the daily chart, Eurodollar is trying to start an ascending wave, or a correction at least. However, the pullback towards level of 1.1000 makes this scenario very questionable; if the pair reaches .a new low, this structure will be considered […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-69963","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/69963","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=69963"}],"version-history":[{"count":1,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/69963\/revisions"}],"predecessor-version":[{"id":69964,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/69963\/revisions\/69964"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=69963"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=69963"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=69963"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}