Analysis for April 15th, 2016
EUR USD, “Euro vs US Dollar”
After forming another descending impulse, Eurodollar has started another consolidation channel. We think, today the price may break its minimums and reach 1.1200. However, if the channel is broken upwards, the pair may reach 1.1300. Later, in our opinion, the market may continue falling inside the downtrend.
GBP USD, “Great Britain Pound vs US Dollar”
Pound is forming a descending structure towards 1.4000. Later, in our opinion, the market may form another consolidation channel, break it downwards, and then continue falling to reach 1.3750.
USD CHF, “US Dollar vs Swiss Franc”
After forming another ascending impulse, Franc has started another consolidation channel. If the channel is broken upwards, the pair may reach 0.9725; if downwards – be corrected towards 0.9610.
USD JPY, “US Dollar vs Japanese Yen”
Yen has rebounded from 109.00 and right now is forming another ascending structure with the target at 110.00 to complete the correction. After that, the pair may start forming another descending wave towards 104.00.
AUD USD, “Australian Dollar vs US Dollar”
Australian Dollar hasn’t been able to form a descending structure and reached a new high instead. We think, today the price may reach 0.7750, thus finishing this ascending structure. Later, in our opinion, the market may start falling towards 0.7490.
USD RUB, “US Dollar vs Russian Ruble”
Russian Ruble is falling. We think, today the price may reach 65.00 and then start a new correction with the target at 72.50 (at least). After that, the pair may form the fifth descending wave towards 60.00.
XAU USD, “Gold vs US Dollar”
Gold has almost reached 1242. We think, today the price may return to this level. Later, in our opinion, the market may continue falling inside the downtrend with the target at 1200.
RoboForex Analytical Department
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