Forex Forecast for 24.03.2014 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD)

March 24, 2014

EUR USD, “Euro vs US Dollar”

Euro is moving upwards. We think, today price may reach level of 1.3854 and then form the fifth wave of this correction towards level of 1.3735. Later, in our opinion, instrument may continue growing up. Target is at level of 1.3990.

GBP USD, “Great Britain Pound vs US Dollar”

Pound is moving near minimums of current descending structure, which may be considered as the third wave of this correction. Target of this wave is at 1.6426. We think, today price may return to level of 1.6600, form another descending structure towards above-mentioned target, and then return to level of 1.6600 again.

USD CHF, “US Dollar vs Swiss Franc”

Franc is moving downwards. We think, today price may reach level of 0.8757 and then complete this correction by forming another ascending structure. Later, in our opinion, instrument may continue falling down towards next target at 0.8640.

USD JPY, “US Dollar vs Japanese Yen”

Yen is still being corrected towards target at level of 102.70. We think, today price may fall down to reach level of 101.78 and then form the fifth wave towards above-mentioned target. Later, in our opinion, instrument may start new descending movement to reach level of 100.00.

AUD USD, “Australian Dollar vs US Dollar”

Australian Dollar is still moving upwards. We think, today price may reach level of 0.9120. Later, in our opinion, instrument may move downwards to break level of 0.9000, consolidate for a while, and then continue falling down to reach level of 0.8800.

USD RUB, “US Dollar vs Russian Ruble”

Ruble is still forming the third wave of descending correction. We think, today price fall down to reach level of 35.75, return to level of 36.20, and then move downwards again to form the fifth wave of this correction and reach level of 35.55.

XAU USD, “Gold vs US Dollar”

Gold completed its ascending impulse and corrected it. We think, today price may continue moving upwards to reach level of 1361. Later, in our opinion, instrument may return to level of 1340 and then continue growing up to reach level of 1404.

RoboForex Analytical Department

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