Forex Technical Analysis 27.03.2014 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD)

March 27, 2014

EUR USD, “Euro vs US Dollar”

Euro is moving in the middle of its consolidation channel. We think, today price may expand this channel both downwards and upwards and then return to the middle. Later, in our opinion, instrument may leave it upwards and continue growing up towards target at level of 1.3990.

GBP USD, “Great Britain Pound vs US Dollar”

Pound continues forming ascending correction with target at level of 1.6600; by now marker completed three structures of this correction. We think, today price may fall down to reach level of 1.6530 (at least), and then form another ascending structure towards level of 1.6600. Later, in our opinion, instrument may form new descending structure to reach level of 1.6430.

USD CHF, “US Dollar vs Swiss Franc”

Franc is still consolidating. We think, today price may expand this consolidation channel to reach new minimum and then maximum. Later, in our opinion, instrument may continue falling down towards level of 0.8640.

USD JPY, “US Dollar vs Japanese Yen”

Yen is still consolidating; right now market is trying to expand this consolidation channel downwards. We think, today price may reach new maximum at level of 102.70 and then continue falling down towards level of 100.00.

AUD USD, “Australian Dollar vs US Dollar”

Australian Dollar is still moving inside narrow ascending channel. We think, today price may consolidate near current levels, form reversal pattern, and then continues its descending movement towards level of 0.8400.

USD RUB, “US Dollar vs Russian Ruble”

Market was opened with gap and Ruble broke previous descending channel. We think, today price may return to level of 36.20 and then start forming head & shoulders reversal pattern to continue moving upwards to reach target at level of 37.50.

XAU USD, “Gold vs US Dollar”

Gold broke its consolidation channel downwards. We think, today price may reach level of 1279.80. Later, in our opinion, instrument may form reversal structure to start the fifth ascending wave towards level of 1435.00.

RoboForex Analytical Department

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