Analysis for March 27th, 2015
EURUSD, “Euro vs US Dollar”
Eurodollar has expanded its consolidation channel upwards, and right now is doing the same in the opposite direction. We think, today the price may reach level of 1.0833, return to the center of the channel, and then continue falling towards level of 1.0627.
GBPUSD, “Great Britain Pound vs US Dollar”
Pound has broken its consolidation channel downwards. We think, today the price may continue falling to reach level of 1.4680. Later, in our opinion, the market may test this level from below and then continue falling towards level of 1.4400.
USDCHF, “US Dollar vs Swiss Franc”
Franc is moving upwards and expected to form a five-wave structure to return to level of 0.9900 (at least). Later, in our opinion, the market may start forming another descending wave with the target at level of 0.9254.
USDJPY, “US Dollar vs Japanese Yen”
Yen continues forming the third descending wave towards level of 118.95. Later, in our opinion, the market may return to level of 119.92 and then start forming a consolidation channel. If the market breaks this channel upwards, it may grow to reach level of 123.00; if downwards – continue falling towards level of 117.00.
AUDUSD, “Australian Dollar vs US Dollar”
Australian Dollar is moving downwards and forming the first descending impulse. We think, today the price may reach level of 0.7770 and then return to level of 0.7850, thus forming a new consolidation channel. If the market breaks this channel upwards, it may continue growing to reach level of 0.7963.
USDRUB, “US Dollar vs Russian Ruble”
Ruble has reached the target of another structure to expand its consolidation channel. We think, today the price may return to level of 58.55 and then start falling to reach the target of the fifth wave at level of 44.00. Also, the pair may expand its consolidation range again and reach level of 50.50.
XAUUSD, “Gold vs US Dollar”
Gold has reached its upside target and right now is forming a descending impulse; which may be considered as the start of the fifth wave with the target at level of 1113. Later, in our opinion, the market may form a correction to return to level of 1250 (at least).
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