Analysis for September 23rd, 2015
EUR USD, “Euro vs US Dollar”
Eurodollar is trading downwards. Right now, the pair is consolidating inside a narrow trading range. If this consolidation channel is broken upwards, the market may test 1.1177 from below; if downwards – continue falling inside the downtrend to reach 1.1000. After that, the price is expected to start another correction to return to 1.1177.
GBP USD, “Great Britain Pound vs US Dollar”
Pound is still falling inside the downtrend; the target is at 1.5165. We think, today, the price may rebound towards 1.5407 and then continue moving inside the downtrend to reach the above-mentioned target.
USD CHF, “US Dollar vs Swiss Franc”
Franc continues forming the ascending wave with the target at 0.9870. We think, today, the price may reach 0.9820 and then return to 0.9730 to test it from above. After that, the market may start another growth towards the above-mentioned target.
USD JPY, “US Dollar vs Japanese Yen”
Yen is trading close to 120.00. We think, today, the price may continue falling to reach 118.70 and then return to 120.00. After that, the pair may continue moving inside the downtrend towards 115.00.
AUD USD, “Australian Dollar vs US Dollar”
Australian Dollar has extended the fourth wave and reached the targets of the correction. We think, today, the price may grow to reach 0.7295. After breaking the ascending channel, the market is expected to form a reversal structure to reach the above-mentioned target.
USD RUB, “US Dollar vs Russian Ruble”
Ruble has completed its correction. We think, today, the price may continue falling to reach 64.50. Possibly, later the pair may test 66.o0 from below and then break this consolidation channel to reach 60.00.
XAU USD, “Gold vs US Dollar”
Gold has completed the correction and right now is consolidating. We think, today, the price may reach 1135. Later, after testing 1126 from above, the market may continue growing towards 1160.
RoboForex Analytical Department
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