Forex Market Review for 25.05.2015

25 May, 2015

EUR USD, “Euro vs US Dollar”

Eurodollar has broken Friday’s minimum and right now is still consolidating. We think, today, the price may form a downside continuation pattern as the third structure; the target is at level of 1.0800. Later, in our opinion, the market may start a correction to return to level of 1.1000 and then continue falling inside the downtrend towards level of 1.0540.

GBP USD, “Great Britain Pound vs US Dollar”

Pound is forming another descending structure to reach level of 1.5399. After reaching this level, the price may form another consolidation channel, break it downwards, and then reach the local target at level of 1.5121.

USD CHF, “US Dollar vs Swiss Franc”

Franc continues forming an ascending structure towards level of 0.9490. Later, in our opinion, the market may return to level of 0.9288 and then continue growing towards level of 0.9500.

USD JPY, “US Dollar vs Japanese Yen”

Yen has expanded its consolidation channel upwards and may continue moving towards the target at level of 122.30. We think, today, the price may reach level of 121.84. Later, in our opinion, the market may return to level of 120.36 and then continue growing towards the above-mentioned target.

AUD USD, “Australian Dollar vs US Dollar”

Australian Dollar has broken the channel and reached its target. We think, today, the price may continue forming an ascending structure to return to level of 0.7990. An alternative scenario implies that the market may form a consolidation channel at the current lows, break it downwards, and then extend this wave towards level of 0.7500.

USD RUB, “US Dollar vs Russian Ruble”

Ruble has broken its descending channel and may continue forming an ascending correction. The target of this correction is at level of 58.50. however, so far the pair is  consolidating near level of 50.00 without any particular direction. The regulator is assumed to take measures to avoid market fluctuations.

XAU USD, “Gold vs US Dollar”

Gold is still consolidating. If the price breaks the channel downwards, it may continue falling inside the downtrend towards level of 1178; if upwards (an alternative scenario) – grow towards level of 1210.

RoboForex Analytical Department

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Pound remains weak

The British Pound continues to recede in tandem with the US currency. The current quote in the GBP/USD pair is 1.4801. The pound stands at the minimum of eight and a half months...

The euro is barely moving

In anticipation of the New Year, the main currency pair, it seems, has moved into a phase of consolidation within a narrow range. The euro/dollar is barely moving on Tuesday afternoon. The current quotation of the main currency pair is 1.0972, and is slightly higher than yesterday...

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The ECB undermined the euro

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Statistics have upset the Pound buyers

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The British pound is back to the September lows

The British Pound is weakening for the third day in a row, but it would all be well if not for the indicators of force from the "bears" in the GBP/USD pair. The current quote in the pair is 1.5127, and it is not far off from the September minimum of 1.5107...

Murrey Math Lines 04.11.2015 (EUR/USD, SILVER)

Eurodollar is still being corrected. The price is trying to stay below the 0/8 level. Possibly, on Wednesday the pair may test the previous high one more time. If the market rebounds from it again and stays below the 0/8level, I am planning to increase my position...

The dollar rose again

On Thursday morning, the main currency pair is still trading down because of mass pressure on the European currency. So, the euro/dollar in the morning on Thursday remained under pressure, although it is taking a very half-hearted attempt to win back at least a symbolic part of yesterday losses...

The yen slightly retreated

The Japanese yen was being sold yesterday and continues to be sold today. The current price of the USD/JPY pair is 119.15. Technically, the instrument clearly intends to move to 120.0 and maybe slightly higher...

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