EUR USD, “Euro vs US Dollar”
Eurodollar is still being corrected to return to level of 1.1260. However, this ascending structure implies that the pair may rebounds from level of 1.1250. After that, the market may fall to reach level of 1.1100, return to 1.1250 again, and then continue falling towards 1.1100.
GBP USD, “Great Britain Pound vs US Dollar”
Pound has reached the downside target. Possibly, the structure may be extended to test level of 1.5550 from above. Later, after breaking a descending channel, the market may form another ascending structure to reach level of 1.5930 thus completing this ascending wave. After that, the market may continue falling inside the downtrend towards the main target, which is still at the 1.4400.
USD CHF, “US Dollar vs Swiss Franc”
Franc is moving in the middle of its consolidation channel. We think, today, the price may grow to reach level of 0.9400 and then fall towards level of 0.9288. Later, in our opinion, the market may grow again to reach level of .9418 and then return to 0.9288.
USD JPY, “US Dollar vs Japanese Yen”
Yen has reached the target of its ascending wave close to the maximum of a consolidation channel. We think, today, the price may return to level of 123.20 and then grow towards level of 123.80. Later, in our opinion, the market may form another descending structure to reach new lows and reach level of 122.22.
AUD USD, “Australian Dollar vs US Dollar”
Australian Dollar is still moving in the middle of its consolidation channel. If later the pair breaks this channel downwards, the downtrend may continue towards level of 0.7500; if downwards – the current correction may continue to reach to level of 0.7861. Later, in our opinion, the market may continue falling to reach new lows.
USD RUB, “US Dollar vs Russian Ruble”
Ruble is forming another ascending wave. We think, today, the price may continue growing towards level of 55.50. After reaching this level, the pair may consolidate and then start another ascending movement to reach the target at 58.50.
XAU USD, “Gold vs US Dollar”
Gold is consolidating again. If the price rebounds from the center of the channel, the downtrend will continue towards level of 1113. The local target is at 1150. Possibly, the market may form a correction towards level of 1190. After that, if the price may continue falling inside the downtrend.
RoboForex Analytical Department