Analysis for February 15th, 2013
EUR/USD
The EUR/USD currency pair is moving downwards inside the fifth structure with the target at 1.3240. The market reached the level of 1.3330 and is trying to start a correction, which is expected to be not very high. I think today the price may continue falling down towards the main target and then start forming a pivot point for a reverse.
![](https://roboforex.com/uploads/roboforecast/roboforex_com/37/eur_usd_15.02.13.png)
GBP/USD
The GBP/USD currency pair continues reaching new minimums. I think today the price may start a correction towards the level of 1.57 and start a new descending movement to reach another minimum. Only after that, in my opinion, the pair may complete this five-wave structure and form a reversal pattern for a new ascending trend.
![](https://roboforex.com/uploads/roboforecast/roboforex_com/19/gbp_usd_15.02.13.png)
USD/CHF
The USD/CHF currency pair is still consolidating near its maximums; the price formed
divergent triangle pattern. I think today the pair may fall down to reach the level of 0.9180 (at least) and then continue moving upwards towards the target at 0.9280.
![](https://roboforex.com/uploads/roboforecast/roboforex_com/19/usd_chf_15.02.13.png)
USD/JPY
The USD/JPY currency pair continues moving downwards inside the third wave; the target of this structure is at the level of 91.93. Later, in my opinion, the price may return to the level of 92.85 and then start a new descending structure to break the level of 91.22. This may be the end of this correction; after the price is expected to grow up towards the target at 94.90.
![](https://roboforex.com/uploads/roboforecast/roboforex_com/36/usd_jpy_15.02.13.png)
AUD/USD
Australian Dollar broke the latest descending channel and formed a consolidation channel for the future ascending movement. I think today the price may leave this channel upwards and reach the target at 1.0460.
![](https://roboforex.com/uploads/roboforecast/roboforex_com/23/aud_usd_15.02.13.png)
GOLD
Gold continues moving downwards. The market broke the level of 1650 downwards and may continue falling down. I think today the instrument may form a correction to return to the level of 1660 and then start a new descending structure to reach the target at 1600.
RoboForex Analytical Department