Analysis for March 25th, 2016
EUR USD, “Euro vs US Dollar”
Eurodollar is moving below 1.1200; the market is forming another consolidation channel. We think, today the price may test the above-mentioned level from below again. After that, the pair may continue falling inside the downtrend to reach 1.1085.
GBP USD, “Great Britain Pound vs US Dollar”
Pound is being corrected towards 1.4235. After that, the pair may be fall to reach 1.3960 and then return to 1.4235.
USD CHF, “US Dollar vs Swiss Franc”
Franc has reached its local target. We think, today the price may fall towards 0.9730 and then grow to reach 0.9800.
USD JPY, “US Dollar vs Japanese Yen”
Yen is growing with the target at 113.57. Possibly, today the price may test 112.50 from above again. Later, in our opinion, the market may move upwards to reach the above-mentioned target.
AUD USD, “Australian Dollar vs US Dollar”
Australian Dollar has formed an ascending impulse. We think, today the price may try to return to 0.7586 and then fall to reach 0.7275.
USD RUB, “US Dollar vs Russian Ruble”
Being under pressure, Russian Ruble is falling. Possibly, the price may reach the predicted local target at 65. After the target is reached, we’ll be able to define more precise target of this wave.
XAU USD, “Gold vs US Dollar”
Gold isn’t trading today due to the Easter holidays. After the market opening on Monday, the price is expected to fall to reach the target is at 1170.
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
AUD/USD: Extra gains in the pipeline above 0.6520
AUD/USD partially reversed Tuesday’s strong pullback and regained the 0.6500 barrier and beyond in response to the sharp post-FOMC pullback in the Greenback on Wednesday.
EUR/USD meets support around 1.0650
EUR/USD managed to surpass the key 1.0700 barrier in response to the intense retracement in the US Dollar in the wake of the Fed’s interest rate decision and Chair Powell’s press conference.
Gold surpasses $2,300 as Dollar tumbles
The precious metal maintains its constructive stance and trespasses the $2,300 region on Wednesday after the Federal Reserve left its FFTR intact, matching market expectations.
Bitcoin price reclaims $59K as Fed leaves rates unchanged
The market was at the edge of its seat on Wednesday to see whether the US Federal Reserve (Fed) would cut interest rates during the Federal Open Market Committee (FOMC) meeting.
The market welcomes the Fed's statement
The market has welcomed the Fed statement, and the S&P 500 is higher in its aftermath, the dollar is lower and Treasury yields are falling. There is still only one cut priced in by the Fed.