Forex Forecast for 19.03.2014 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD)

March 19, 2014

EUR USD, “Euro vs US Dollar”

Euro is still consolidating and forming another continuation pattern near level of 1.3915. Later, in our opinion, instrument may leave this pattern upwards to reach level of 1.3990 and then continue start new correction towards level of 1.3740.

GBP USD, “Great Britain Pound vs US Dollar”

Pound is reached level of 1.6550. We think, today price may start growing up towards level of 1.6740. Alternative scenario implies that instrument may continue falling down towards level of 1.6500 and then continue this correction towards level of 1.6400.

USD CHF, “US Dollar vs Swiss Franc”

Franc is still consolidating. We think, today price may reach level of 0.8785 and then continue falling down towards main target at 0.8300.

USD JPY, “US Dollar vs Japanese Yen”

Yen continues moving downwards; market is forming continuation pattern. Main target is at level of 100.00. Later, in our opinion, instrument may start forming another ascending structure to reach level of 106.00.

AUD USD, “Australian Dollar vs US Dollar”

Australian Dollar extended its correction and formed double top pattern. We think, today price may form reversal structure and then continue falling down to reach level of 0.8400.

USD RUB, “US Dollar vs Russian Ruble”

Ruble is still forming triangle pattern, which may be considered as correction. We think, today price may leave this pattern downwards and reach level of 35.50. Later, in our opinion, instrument may form another ascending structure to reach level of 37.50.

XAU USD, “Gold vs US Dollar”

Gold completed its first ascending impulse and right now is correction it. We think, today price may continue moving upwards to reach level of 1380. This ascending movement may be considered as a part of ascending structure towards level of 1490.

RoboForex Analytical Department

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