Forex Technical Analysis 28.08.2015

August 28, 2015

EUR USD, “Euro vs US Dollar”

Being under pressure, Eurodollar continues falling. The pair is forming a new consolidation channel. We think, today, the price may try to form a correction towards 1.1380. After that, the market may continue moving downwards. The local target is at 1.1070.

GBP USD, “Great Britain Pound vs US Dollar”

Pound is forming another consolidation channel. Possibly, the pair may try to form a correction towards 1.5530. After that, the market may start another decline to reach 1.5345.

USD CHF, “US Dollar vs Swiss Franc”

Franc has extended its ascending structure; the market is still rebounding from the lower border of trianglepattern towards the upper one. The pair has formed a continuation pattern near 0.9567. We think, today, the price may test this level from above and then start another growth 0.9874.

USD JPY, “US Dollar vs Japanese Yen”

Yen is being corrected towards 119.42. After that, the pair may grow to reach 123.66 and then fall to reach new lows and 115.00.

AUD USD, “Australian Dollar vs US Dollar”

Australian Dollar is still consolidating inside triangle pattern. We think, today, the price may test 0.7150 from above and form another ascending structure with the target at 0.7228. After that, the pair may form another descending structure to reach 0.6950.

USD RUB, “US Dollar vs Russian Ruble”

Ruble has formed the second descending impulse. We think, today, the price may 68.20 from below and then start forming the third descending impulse towards 64.24. This structure may be considered as the first wave of a new decline.

XAU USD, “Gold vs US Dollar”

Gold is forming the second wave of the correction. We think, today, the price may reach 1138.00 and then test 1128.35 from above. After that, the market may grow to reach the target of the correction at 1139.85 and then start another descending wave towards 1110.48.

Publication source
RoboForex information  RoboForex reviews

October 21, 2016
EUR/USD remained unchanged after the ECB
The price maintained its bearish tone on Thursday. The EUR/USD pair stayed around its recent lows during the day. The euro slightly strengthened towards 1.1000 ahead of the US opening. The 50-EMA limited the euro recovery in the 1 hour chart...
October 21, 2016
Decisions on QE Postponed until December
Asian stock markets are narrowly mixed, with Japanese bourses managing marginal gains as the Yen falls against the Dollar. Stock futures in the U.S. are down...
October 21, 2016
EURUSD at $1.09, but declines could be limited
The ECB monetary policy meeting yesterday saw the euro give up its intraday gains to close on a bearish note. As Draghi signaled that the central bank would need time to assess the monetary policy situation...

OANDA Rating
HYCM Rating
Vantage FX Rating
FXCM Rating
Orbex Rating
FIBO Group Rating

Binary Brokerz Rating
OptionFair Rating
Grand Option Rating
TropicalTrade Rating
Anyoption Rating
24option Rating