Forex market analysis: daily and weekly forecasts Check the website for more information: https://freshforex.com/analitics/ 00.00 – 00.12 Hi there Here is FreshForex company and my name is Catherine. Recommendations for the Forex market for March thirty one, currency pair Euro/dollar 00.13 – 00.19 The price has made a false breakthrough of the strong resistance level - 1.1345 (one thirteen forty five) 00.20 – 00.29 This breakthrough was made on high volatility and high volumes. However, buyers failed to gain a foothold above the level. 00.30 – 00.37 The coming trading session the price will retest 1.1345 (one thirteen forty five) 00.38 – 00.55 We should not firget that the thirty one is the closing date. At present, the monthly chart shows a short-term consolidation of the price above the strong historical resistance level – the Close price. 00.56 – 1.12 During 2015 (two thousand and fifteen) year, this level had been broken up for many times. However, these breakthroughs turned out to be false. Now the price shows that it is ready to break it through. 1.13 – 1.28 Today much will be determined. If breakthrough on Close price fails and the price returns behind the level, it is much likely that the price will drop in the middle run. 1.29 – 1.37 If we are based on how strong this level is (and it is strong), it is much likely that retest of the level can be false. 1.38 – 1.50 Otherwise, the price may reach 1.1375 (one thirteen seventy five), then will bounce downwards and returns behind the level on the monhtly chart. 1.51- 1.58 It means that the overall outlook for the price is still bearish. 1.59 – 2.11 A false breakthrough of 1.1345 (one thirteen forty five) will open sellers a way to the marks 1.1250 (one twelve fifty) and the next target – 1.1217 (one twelve seventeen). 2.12 – 2.24 If breakthrough of 1.1375 (one thirteen seventy five) succeeds, we can confirm that the middle-term bearish trend still looks up. 2.27 - Pound 2.28 – 2.32 The pound has made a false breakthrough of resistance 1.4435 (one forty four thirty five). 2.33 – 2.46 Test of the level was made on low volatility but with volumes. We also see that the daily chart was closed in the form of Doji. It tells about weakening growth - 2.47 – 2.49 - from 1.3837 (one thirty seven thirty eight). 2.50 – 2.56 Now here is a short-term correction to 1.4350 (one forty three fifty). 2.57 – 3.01 From the level, we expect a retest of 1.4435 (one forty four thirty five). 3.02 – 3.09 If this test does not break the level through, the price is much likely to bounce down to 1.4350 (one forty three fifty). 3.09 – 3.12 The next target will be 1.4235 (one forty two thirty five). 3.13 – 3.22 As for the alternative option, its growth continues only after consolidation of the price above 1.4435 (one forty four thirty five). 3.22 – 3.31 In this case we will see a confident growth to 1.4510 (one forty five ten) and the next goal - 1.4075 (one forty seventy five). 3.32 – 3.44 Based on the fact that he daily chart was closed by Doji, it is much likely that upward correction will turn down. 3.48 - Australian Dollar 3.49 – 3.56 As in the case with Euro and Pound, the price has made a false breakthrough of 0.7680 (zero seventy six eighty) 3.57 – 4.01 Test of the level involved high volatility and high volumes. 4.02 – 4.05 However, buyers failed to gain a foothold above this mark. 4.06 – 4.11 The coming trading session we expect a retest of 0.7680 (zero seventy six eighty). 4.12 – 4.21 If test turns out to be false, the short-term correction may be formed around the middle-term upward channel - 4.22 – 4.26 - and the closest support level - 0.7590 (zero seventy five ninety). 4.27 – 4.42 As long as the uptrend formed from 0.6830 (zero sixty eight thirty) is running within the the middle-term upward channel, buyers remain to be strong here and this is despite a probable downward correction. 4.43 – 4.47 Test of the bottom edge of the channel is likely to make the price bounc...