Forex Technical Analysis 05.08.2015 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD)

August 5, 2015

EUR USD, “Euro vs US Dollar”

Being under pressure, Eurodollar is falling today; the pair hasn’t completed the current wave yet. We think, the price may form a consolidation channel and a continuation pattern. The structure of this pattern may be quite long and reach 1.0918 to test it from below. After that, the pair may start falling again to break 1.0860, test if from below, and then continue falling inside the downtrend to reach 1.0600.

GBP USD, “Great Britain Pound vs US Dollar”

Pound has broken 1.5560 downwards. We think, today, the price may form a descending structure to reach 1.5442. In case the pair attempts to reach 1.5560, it may rebound and continue forming this descending wave.

USD CHF, “US Dollar vs Swiss Franc”

Franc has reached the target of another ascending structure. We think, today, the price may consolidate for a while and then continue forming this wave towards the next target at 0.9944.

USD JPY, “US Dollar vs Japanese Yen”

Yen is moving upwards. We think, today, the price may reach the local target at 124.65. After that the pair may a correction as the fourth wave to reach 122.94.

AUD USD, “Australian Dollar vs US Dollar”

Australian Dollar has finished the third ascending wave and right now is forming the fourth one. The market has reached the minimum target of this correction. Possibly, the price may reach a new high at 0.7320. After that, the pair may start the fifth wave towards 0.7450.

USD RUB, “US Dollar vs Russian Ruble”

Ruble is still moving upwards. Possibly, today the price may form a descending wave towards 61.00. The market is expected to form a consolidation channel and a reversal pattern. The mains scenario remains the same - a new descending wave with the target at 52.50.

XAU USD, “Gold vs US Dollar”

Gold is moving in the center of its consolidation channel without any particular direction. We think, today, the price may continue consolidating.

Publication source
RoboForex information  RoboForex reviews

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...
February 20, 2017
FOMC & RBA February meeting minutes, key data in focus
In the US, the Fed will release the minutes of its February meeting. Markets will probably focus on any signals regarding the timing of the next rate hike...
February 20, 2017
EURUSD is having difficulties to go any higher
The dollar fell on Friday amid a light market due to US President's Day. Investors are monitoring the US political situation and waiting for a decision on financial aid to Greece...

Vantage FX Rating
FIBO Group Rating
FxPro Rating
Grand Capital Rating Rating
Orbex Rating

UKoptions Rating
TopOption Rating
Empire Option Rating
Porter Finance Rating
IQ Option Rating
Binary Brokerz Rating