Analysis for March 30th, 2015
EUR USD, “Euro vs US Dollar”
Eurodollar is still forming a descending structure with the target at level of 1.0625; this structure may be considered as a correction towards the previous ascending impulse and may take the form of five-wave structure. We think, today the price may reach level of 1.0680, return to level of 1.0835, and then continue falling towards the above-mentioned target.
GBP USD, “Great Britain Pound vs US Dollar”
Pound is still moving downwards. We think, today the price may reach level of 1.4400 and then return to level of 1.4660.
USD CHF, “US Dollar vs Swiss Franc”
Franc continues forming an ascending structure; which may be considered as a correction. We think, today the price may reach level of 0.9815 and then return to level of 0.9688. Later, in our opinion, the market may start another ascending movement with the target at level of 0.9900 (at least).
USD JPY, “US Dollar vs Japanese Yen”
Yen is attempting to form a consolidation channel and break it upwards to reach level of 120.25. Later, in our opinion, the market may resume falling towards level of 117.50.
AUD USD, “Australian Dollar vs US Dollar”
Australian Dollar is still extending its descending structure. We think, today the price may reach level of 0.7600 and then return to level of 0.7760. Possibly, the market may try to form another descending structure towards reach level of 0.7510.
USD RUB, “US Dollar vs Russian Ruble”
Ruble is growing to return to level of 58.50. After reaching it, the price may fall towards level of 55.00 and then grow to reach level of 58.00, thus forming a consolidation channel. Later, in our opinion, the market may start falling to reach level of 44.00.
XAU USD, “Gold vs US Dollar”
Gold continues falling; this movement may be considered as a part of a descending wave with the target at level of 1113. The first target is at level of 1187. Later, in our opinion, the market may return to level of 1203 and then continue falling inside the downtrend.
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