Forex Technical Analysis 15.09.2015 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD)

September 15, 2015

EUR USD, “Euro vs US Dollar”

Eurodollar has formed the descending impulse. We think, today, the price may grow to reach 1.1336 to test it from below. If the market rebounds from this level and renews the low of this impulse, it may continue falling towards 1.1180. After that, the pair may consolidate and then continue falling inside the downtrend to reach 1.1000. An alternative scenario implies that the price may extend this growth towards 1.1380 and then fall inside the downtrend again.

GBP USD, “Great Britain Pound vs US Dollar”

Pound has formed the descending impulse and corrected it. We think, today, the price may rebound from 1.5430 and reach new lows. The next downside target is at 1.5270 (at least).

USD CHF, “US Dollar vs Swiss Franc”

Franc is consolidating. We think, today, the price may grow to break 0.9720. The target is at 0.9770. After that, the pair may test 0.9720 from above and then grow again to reach 0.9870. An alternative scenario implies that the price may extend this correction towards 0.9600.

USD JPY, “US Dollar vs Japanese Yen”

Yen has rebounded from 120.66 and right now is forming another descending structure with the target at 119.90. If the price break this level, it may continue falling towards the lower border of the consolidation channel at 118.62.  if the market breaks the channel, the downtrend may continue towards 115.00.

AUD USD, “Australian Dollar vs US Dollar”

Being under pressure, Australian Dollar is falling. Possibly, today the pair may test 0.7093 from above. After that, the market may continue growing to reach the local target at 0.7195 and then towards 0.7070.

USD RUB, “US Dollar vs Russian Ruble”

Ruble is still consolidating. We think, today, the price may break the ascending channel and start falling towards 64.00. After that, the pair may test 66.00 from below and then fall to reach 63.00.

XAU USD, “Gold vs US Dollar”

Gold is expected to rebound from 1106.80. The target is at 1115.50. After that, the price may form another correction to return to 1106.78. This consolidation channel may be expanded up to 1131.00. In this case, the uptrend may continue towards 1220.00 (the main scenario).

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