Forex Technical Analysis 24.07.2015 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD)

July 24, 2015

EUR USD, “Euro vs US Dollar”

Eurodollar is forming another consolidation channel at the top of its ascending structure. If the pair breaks this channel upwards, the current correction may continue up to 1.1100; if downwards – fall inside the downtrend to reach 1.0940.

GBP USD, “Great Britain Pound vs US Dollar”

Pound is moving downwards to reach 1.5483. After that, the market may return to 1.5578 and then continue falling towards 1.5240.

USD CHF, “US Dollar vs Swiss Franc”

Franc has reached the minimum target of the current correction and today may move upwards to reach the upper border of the consolidation channel. However, this structure may yet continue falling towards 0.9506. After that, the market may start another growth to reach 0.9760.

USD JPY, “US Dollar vs Japanese Yen”

Yen is moving without any particular tendency; the marker is almost “locked” inside triangle pattern. If the pair breaks this pattern upwards, it may grow to reach 124.67; if downwards - the current correction may continue towards 122.95.

AUD USD, “Australian Dollar vs US Dollar”

Australian Dollar has made a fast descending movement and reached the local target from the daily chart. We think, today, the price may forming the fourth wave to return to 0.7555. Also, today the market may try to reach another low and form a consolidation channel with a reversal pattern.

USD RUB, “US Dollar vs Russian Ruble”

Ruble has almost reached the target of its ascending wave. We think, today, the price may make another ascending movement to reach 57.71. After that, the pair may form a consolidation channel and a reversal pattern to start a descending wave towards 52.50.

XAU USD, “Gold vs US Dollar”

Gold has formed another structure of the correction. We think, today, the price may form an ascending wave to break the descending channel. The target is at 1131.80. After that, the market may fall to return to 1101.00.

RoboForex Analytical Department

Publication source
RoboForex information  RoboForex reviews

February 21, 2017
Fed Harker's hawkish comments revives the U.S. dollar
While the U.S. dollar was seen slipping during a quiet trading session on Monday which saw the U.S. markets closed, the greenback got a boost with hawkish comments from Fed's Patrick Harker from Philadelphia...
February 21, 2017
Global risk appetite remains strong
The Australian economy continues to be a roller coaster for any Aussie bulls, but one thing is certain the markets are not paying too much attention at present with the AUDUSD being one of the stand out performers in 2017 so far.
February 20, 2017
U.S. dollar attempts to post a recovery amid a slow trading day
The U.S. dollar is attempting to post some gains to build up from Friday's reversal. Price action has formed an inside bar among EURUSD and USDJPY which could indicate a potential breakout trading that could establish the near-term direction of prices...

Orbex Rating
Larson&Holz IT Ltd Rating
NPBFX Rating
Cms Trader Rating
OANDA Rating
FOREX.com Rating

OptionRally Rating
365BinaryOption Rating
First Binary Option Service Rating
Binary.com Rating
TopOption Rating
IQ Option Rating