Analysis for March 9th, 2016

EURUSD, “Euro vs US Dollar”

Eurodollar is forming the descending structure, which may be considered as the correction towards 1.0940. Later, in our opinion, the market may form another ascending structure to reach 1.1067 and then continue falling inside the downtrend with the target at 1.0770.

EURUSD


GBPUSD, “Great Britain Pound vs US Dollar”

Being under pressure, Pound is falling. We think, today the price may reach 1.4077 and then complete this correction by growing towards 1.4300. After that, the pair may start another decline with the target at 1.3750.

GBPUSD


USDCHF, “US Dollar vs Swiss Franc”

Being under pressure, Franc is moving upwards. We think, today the price may reach 1.0000 and then fall towards 0.9850. Later, in our opinion, the market may start another ascending structure with the target at 1.0055.

USDCHF


USDJPY, “US Dollar vs Japanese Yen”

Being under pressure, Yen is falling. We think, today the price may reach 111.88 and complete this structure. Later, in our opinion, the market may continue growing towards 116.00.

USDJPY


AUDUSD, “Australian Dollar vs US Dollar”

Australian Dollar is consolidating and the top of its ascending structure; this structure may be considered as a reversal one. We think, today the price may form another descending wave with the target at 0.7300 and then test 0.7380 from below. After that, the pair may start another decline with the target at 0.7000

AUDUSD


USDRUB, “US Dollar vs Russian Ruble”

Russian Ruble is consolidating near 72.70. We think, today the price may continue falling inside the downtrend with the local target at 65.00.

USDRUB


XAUUSD, “Gold vs US Dollar”

Gold is still consolidating and the top of its ascending wave. The main scenario implies that the price may expand this consolidation channel towards 1248 and then return to its center. Later, in our opinion, the market may break its minimums and continue falling with the target at 1233.

XAUUSD

Before you enter foreign exchange and stock markets, you have to remember that trading currencies and other investment products is trading in nature and always involves a considerable risk. As a result of various financial fluctuations, you may not only significantly increase your capital, but also lose it completely. Therefore, our clients have to assure RoboForex that they understand all the possible consequences of such risks, they know all the specifics, rules and regulations governing the use of investment products, including corporate events, resulting in the change of underlying assets. Client understands that there are special risks and features that affect prices, exchange rates and investment products.

Recommended Content


Recommended Content

Editors’ Picks

AUD/USD holds above 0.6500 in thin trading

AUD/USD holds above 0.6500 in thin trading

The Australian Dollar managed to recover ground against its American rival after AUD/USD fell to 0.6484. The upbeat tone of Wall Street underpinned the Aussie despite broad US Dollar strength and tepid Australian data.

AUD/USD News

EUR/USD comfortable below 1.0800 lower lows at sight

EUR/USD comfortable below 1.0800 lower lows at sight

The EUR/USD pair lost ground on Thursday and settled near a fresh March low of 1.0774. Strong US data and hawkish Fed speakers comments lead the way ahead of the release of the US PCE Price Index on Friday.

EUR/USD News

Gold price finishes Thursday’s session set to reach new all-time highs

Gold price finishes Thursday’s session set to reach new all-time highs

Gold price rallied during the North American session on Thursday and hit a new all-time high of $2,225 in the mid-North American session. Precious metal prices are trending higher even though US Treasury yields are advancing, underpinning the Greenback.

Gold News

Bitcoin price extends retreat from $69K as old whales shift their holdings to new whales

Bitcoin price extends retreat from $69K as old whales shift their holdings to new whales

Bitcoin price continues to move further away from the $69,000 threshold, gaining ground as BTC bulls hope for a retest of the $73,777 peak. This is because of the general assumption that clearing this blockade would set the tone for a reach higher, marking a new all-time high.

Read more

Bears have been standing before a steamroller so far this year

Bears have been standing before a steamroller so far this year

Despite a pushback on rate cuts from Christopher Waller, and what was supposed to be cautious trading sentiment ahead of critical US inflation data released later on Friday, the S&P 500 rose on Thursday, marking its best first-quarter performance in five years.

Read more

Majors

Cryptocurrencies

Signatures