Analysis for March 14th, 2016
EUR USD, “Euro vs US Dollar”
Eurodollar has completed the descending wave and corrected it. We think, today the price may form another descending wave with the target at 1.1080 and then start consolidating. After breaking the minimums, the pair may continue falling towards 1.0980. An alternative scenario implies that the market may grow to reach 1.1285.
GBP USD, “Great Britain Pound vs US Dollar”
Pound has finished its ascending wave. We think, today the price may form another descending structure with the target at 1.4070. The first part is at 1.4254. After that, the pair may return to 1.4352.
USD CHF, “US Dollar vs Swiss Franc”
We think, today Franc may grow to reach the target at 0.9942; the first target is at 0.9880. Later, in our opinion, the market may fall towards 0.9835 and then start another growth to reach the main target.
USD JPY, “US Dollar vs Japanese Yen”
Yen is forming the ascending structure towards 114.05. After that, the pair may fall to reach 111.83 and then return to 113.33, thus continue forming its consolidation channel. According to the main scenario, the pair may continue falling inside the downtrend. The next target is at 110.30.
AUD USD, “Australian Dollar vs US Dollar”
Australian Dollar is forming another descending impulse. We think, today the price may form the wave with the target at 0.7340 and then start another correction towards 0.7467.
USD RUB, “US Dollar vs Russian Ruble”
We think, today Russian Ruble may be corrected towards 72. Later, in our opinion, the market may continue falling inside the downtrend to reach 65.
XAU USD, “Gold vs US Dollar”
Gold has completed its descending impulse and today is expected to be corrected towards 1266. Later, in our opinion, the market may fall to reach 1236. After breaking this level, the local target will be at 1206.
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
Editors’ Picks
EUR/USD clings to gains above 1.0750 after US data
EUR/USD manages to hold in positive territory above 1.0750 despite retreating from the fresh multi-week high it set above 1.0800 earlier in the day. The US Dollar struggles to find demand following the weaker-than-expected NFP data.
GBP/USD declines below 1.2550 following NFP-inspired upsurge
GBP/USD struggles to preserve its bullish momentum and trades below 1.2550 in the American session. Earlier in the day, the disappointing April jobs report from the US triggered a USD selloff and allowed the pair to reach multi-week highs above 1.2600.
Gold struggles to hold above $2,300 despite falling US yields
Gold stays on the back foot below $2,300 in the American session on Friday. The benchmark 10-year US Treasury bond yield stays in negative territory below 4.6% after weak US data but the improving risk mood doesn't allow XAU/USD to gain traction.
Bitcoin Weekly Forecast: Should you buy BTC here? Premium
Bitcoin (BTC) price shows signs of a potential reversal but lacks confirmation, which has divided the investor community into two – those who are buying the dips and those who are expecting a further correction.
Week ahead – BoE and RBA decisions headline a calm week
Bank of England meets on Thursday, unlikely to signal rate cuts. Reserve Bank of Australia could maintain a higher-for-longer stance. Elsewhere, Bank of Japan releases summary of opinions.