Forex Technical Analysis 12.08.2015 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD)

August 12, 2015

EUR USD, “Euro vs US Dollar”

Eurodollar has extended its ascending structure and may continue forming this wave towards 1.1052 according to an alternative scenario. Right now, the market is forming a descending structure with the target at 1.0950. Even if the scenario succeeds, this extension will be considered only as a correctional structure. After that, the pair may continue falling inside the downtrend. The main scenario remains the same: the market is expected to fall towards 1.0600.

GBP USD, “Great Britain Pound vs US Dollar”

Pound is forming another ascending structure. We think, today, the price may reach 1.5637 and then start a new decline to break the minimum. The main target is at 1.5240.

USD CHF, “US Dollar vs Swiss Franc”

Franc is still consolidating. The man target is at 1.0000. Possibly, the price may form several descending corrections and test the tops of its previous consolidation channels. Later, in our opinion, the market may start another growth to break the current consolidation channel upwards.

USD JPY, “US Dollar vs Japanese Yen”

Yen has tested the upper border of its consolidation channel again. Possibly, the price may extend this structure towards 125.26 and then fall towards the lower border of the channel at 124.14. After breaking the channel downwards, the pair may continue the current correction towards 122.94 and then start another growth to reach 125.40.

AUD USD, “Australian Dollar vs US Dollar”

Australian Dollar has reached 0.7432 and it may be considered as the truncated fifth wave. We can see another descending impulse with the target at 0.7266. We think, today, the price may reach 0.7382, thus forming another triangle consolidation pattern.

USD RUB, “US Dollar vs Russian Ruble”

Ruble is forming a descending structure. We think, today, the price may reach 62.00 and then return to 63.70 to test it from below. After breaking the minimum, the market may start a new descending wave with the target at 52.50.

XAU USD, “Gold vs US Dollar”

Gold is forming an ascending structure with the target at 1115.95. After reaching it, the price may form a continuation pattern near 1108.65 and then start another growth with the target at 1131.28.

RoboForex Analytical Department

Publication source
RoboForex information  RoboForex reviews

December 2, 2016
Equities headed broadly south in Asia overnight
Revealed a solid 53.2 November ISM reading and a 0.5% October construction spending rise that followed big upward Q3 revisions, both of which lifted prospects for GDP. We also saw a 17k Thanksgiving week spike in claims that reversed the remarkably tight 333k Veteran's Day figure...
December 2, 2016
Silver lining for precious metals?
I do apologise in advance for bombarding you with lots of commodity reports, but ahead of Friday’s NFP report, the FX markets tend to create lots of false moves, so it is difficult to make much of todays moves...
December 2, 2016
Payrolls Friday. USDJPY doji, third time's a charm
Its payrolls Friday and the markets are expecting to see a solid print for November following Wednesday's ADP payrolls increase. Yesterday, the ISM and Markit's manufacturing PMI showed a strong increase in the reading...

FBS Rating
Z.com Trade Rating
Fort Financial Services Rating
Vantage FX Rating
 FXTM Rating
HYCM Rating

Anyoption Rating
365BinaryOption Rating
24option Rating
OptionsXO Rating
OptionRally Rating
IQ Option Rating