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

Publication source
RoboForex information  RoboForex reviews

December 2, 2016
Oil may remain above $50
The Oil price continued to push higher today reaching its highest level in over a year with some predicting that the OPEC deal reached yesterday was a game changer and further gains are expected...
November 29, 2016
Euro may hit parity with US dollar
The Euro was under further pressure today against the US dollar on the back of political instability in Italy and, bringing it closer to parity with its American counterpart...
November 28, 2016
ECB speeches, OPEC rumours to dominate Monday
The US is back to the markets in full swing today as investors return from the long weekend and while this may have a major impact on the markets (given the fact that US bonds and US dollar had such a massive influence on global markets recently) other factors dominate in the calendar with the US being present...

HYCM Rating
FXCM Rating
FIBO Group Rating
FOREX.com Rating
Trade360 Rating
HotForex Rating

24option Rating
OptionRally Rating
Banc De Binary Rating
OptionsXO Rating
365BinaryOption Rating
Empire Option Rating