Forex Technical Analysis 22.05.2015 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD)

May 22, 2015

EUR USD, “Euro vs US Dollar”

Eurodollar is still moving inside its consolidation channel, which may be considered as a continuation pattern towards the previous descending movement. We think, today, the price may expand this channel downwards. The target is at level of 1.0750. Later, in our opinion, the market may return to level of 1.1110 to test it from below and then continue falling inside the downtrend.

GBP USD, “Great Britain Pound vs US Dollar”

Pound has reached the target of its correction and today may finish consolidating at the top of the current ascending movement. After breaking this consolidation channel downwards, the price may form another descending structure with the target at level of 1.5000.

USD CHF, “US Dollar vs Swiss Franc”

Franc is still consolidating. We think, today, the price may leave this channel upwards and continue growing. An alternative scenario implies that the pair may test level of 0.9300 from above one more time. Later, in our opinion, the market may continue growing towards level of 0.9540.

USD JPY, “US Dollar vs Japanese Yen”

Yen has formed a reversal pattern. We think, today, the price may continue falling to reach level of 119.00. Later, in our opinion, the market may return to level of 120.70 and then fall again to reach level of 117.44.

AUD USD, “Australian Dollar vs US Dollar”

Australian Dollar is trying to expand its consolidation channel towards level of 0.7990 to test it from below. After reaching it, the price may fall towards level of 0.7815, thus forming a new consolidation channel.

USD RUB, “US Dollar vs Russian Ruble”

Ruble is still consolidating near level of 48.96; the pair has formed triangle pattern. If the pattern is broken upwards – the market may start forming an ascending correction to return to level of 58.50; if downwards - fall to reach level of 46.00.

XAU USD, “Gold vs US Dollar”

After making a fast descending movement, Gold has started consolidating. We think, today, the price may break this channel downwards and continue falling inside the downtrend. The next target is at level of 1179; the main one is still at 1113.

Publication source
RoboForex information  RoboForex reviews

December 7, 2016
GBP falls as industrial & manu. production miss
The pound has come under pressure in London trading today. EURGBP buying has been a driver, with the cross rallying some 0.5% to a peak of 0.8510, since ebbing to around 0.8490. Gains failed to sustain above the 20-day moving average, which is at 0.8503...
December 7, 2016
Unexpected fall in UK economic indicators
This morning saw a substantial drop in both the manufacturing production and industrial production in the UK for the month of October which comes as a timely reminder that the economy remains vulnerable. The pound ended its recent rise against the US dollar yesterday after hitting a 2-month high...
December 7, 2016
U.S. dollar recovers from Monday lows
The U.S. dollar index managed to recover from a 14-day low on Monday at 99.87 with prices turning bullish yesterday. However, the gains remain limited within Monday's range with further upside likely to see the 100.80 resistance being established...

Fort Financial Services Rating
Grand Capital Rating
EXNESS Rating
XTB Rating
FxPro Rating
HotForex Rating

OptionBit Rating
OptionsXO Rating
Empire Option Rating
OptionFair Rating
EZTrader Rating
TropicalTrade Rating