Analysis for April 11th, 2016
EUR USD, “Euro vs US Dollar”
Being under pressure, Eurodollar is moving upwards. We think, today the price may continue moving according to an alternative scenario towards 1.1570. Later, in our opinion, the market may start a new correctional wave to return to 1.1000.
GBP USD, “Great Britain Pound vs US Dollar”
Pound is moving upwards. We think, today the price may be corrected towards 1.4300; this growth should be considered as an alternative scenario. The main scenario implies that the market may continue moving inside the downtrend. The next target is at 1.3750.
USD CHF, “US Dollar vs Swiss Franc”
Being under pressure, Franc is moving downwards. We think, today the price may reach 0.9474, and then start consolidating and form a reversal structure. The uptrend is expected to continue. The first target is at 0.9800.
USD JPY, “US Dollar vs Japanese Yen”
Yen is forming another consolidation channel. We think, today the price may fall to reach 106.00. After that, the pair may consolidate for a while. The next downside target is at 104.30.
AUD USD, “Australian Dollar vs US Dollar”
Australian Dollar is still being corrected with the target at 0.7600. We think, today the price may break this consolidation range upwards and reach the target. Later, in our opinion, the market may start another descending structure, break the minimums, and reach 0.7360.
USD RUB, “US Dollar vs Russian Ruble”
We think, today Russian Ruble may continue falling to reach 65.00, thus completing the third wave. Later, in our opinion, the market may be corrected towards 72.50.
XAU USD, “Gold vs US Dollar”
Being under pressure, Gold is moving upwards; the market has almost broken its consolidation range. We think, today the price may extend this structure towards 1259. Later, in our opinion, the market may continue falling to reach 1234.
RoboForex Analytical Department
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