Analysis for March 14th, 2014
EURUSD, “Euro vs US Dollar”
Euro is consolidating again. We think, today price may reach level of 1.3815, reverse upwards, and then continue its ascending movement towards level of 1.3990.
GBPUSD, “Great Britain Pound vs US Dollar”
Pound is still moving inside consolidation channel; market is forming correctional flag pattern. We think, today price may fall down to reach level of 1.6530 and then continue growing up towards the pattern’s upper border.
USDCHF, “US Dollar vs Swiss Franc”
Franc is moving towards level of 0.8730 to test it from below. Later, in our opinion, instrument may start forming descending structure to reach new minimums. Market is expected to form consolidation pattern to continue falling down.
USDJPY, “US Dollar vs Japanese Yen”
Yen formed another descending wave; market wasn’t able to reverse at level of 102.65. We think, today price may break its correctional channel and continue falling down. Later, in our opinion, instrument may reach level of 100.00.
AUDUSD, “Australian Dollar vs US Dollar”
Australian Dollar is forming the third descending wave. We think, today price may reach level of 0.8900, form consolidation channel, and then continue falling down to reach level of 0.8690.
USDRUB, “US Dollar vs Russian Ruble”
Yesterday Ruble was consolidating inside narrow trading range and then broke it upwards. We think, today price may grow up towards level of 36.80 and form new, wide consolidation channel in the form of triangle pattern towards level of 37.50.
XAUUSD, “Gold vs US Dollar”
Gold reached its predicted target and right now is forming descending structure towards level of 1352. Later, in our opinion, instrument may continue growing up to reach level of 1490.
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