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Home / Analytics / Forex analysis & forecasts / Forex Technical analysis and forecasts / Forex Technical Analysis 15.08.2016 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD)
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Forex Technical Analysis 15.08.2016 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD)

15.08.2016

Analysis for August 15th, 2016

EUR USD, “Euro vs US Dollar”

The EUR/USD pair is forming the first descending impulse. We think, today the price may reach 1.1125 and then be corrected towards 1.1117. Later, in our opinion, the market may continue falling inside the downtrend with the target at 1.1000.




GBP USD, “Great Britain Pound vs US Dollar”

The GBP/USD pair has broken 1.2940 downwards; in fact, the market has formed another downside continuation pattern. The local target at 1.2800. After that, the instrument may be corrected to return to 1.3100 and then continue falling inside the downtrend to reach 1.2650.




USD CHF, “US Dollar vs Swiss Franc”

The USD/CHF pair is forming another consolidation range. After breaking it upwards, the price may form another ascending wave with the target at 0.9800, and it’s just a half of this ascending wave. The local target is at 0.9922.




USD JPY, “US Dollar vs Japanese Yen”

The USD/JPY pair is forming the descending wave with the target at 96.00. We think, today the price may fall to reach 100.30 and then test 100.87 from below. After that, the instrument may continue falling inside the downtrend to reach the target at 99.50.




AUD USD, “Australian Dollar vs US Dollar”

The AUD/USD pair has completed the first descending wave. We think, today the price may return to 0.7695. After that, the instrument may break the low of this impulse and then continue falling inside the downtrend with the target at 0.7400.




USD RUB, “US Dollar vs Russian Ruble”

The USD/RUB pair is moving in the center of its consolidation range. We think, today the price may break the low and fall to reach 63.50. Possibly, this descending wave may be extended up to the downside border of the divergent triangle pattern. Later, in our opinion, the market may grow towards 67.30.




XAU USD, “Gold vs US Dollar”

Gold is moving upwards. We think, today the price may reach the target at 1358. An alternative scenario implies that the market may reach 1326, grow to reach the above-mentioned target, and then return to 1340. If the instrument breaks this consolidation channel upwards, it may extend the wave up to 1440; if downwards – start another correction with the target at 1300.



 
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