Analysis for February 5th, 2015
EUR USD, “Euro vs US Dollar”
Eurodollar is still moving downwards; the pair hasn’t been able to continue growing. We think, today the price may fall towards level of 1.1200 or reach level of 1.1000. An alternative scenario implies that the market may try to form another ascending structure.
GBP USD, “Great Britain Pound vs US Dollar”
Pound is attempting to form another ascending wave. We think, today the price may fall towards level of 1.4900. However, an alternative scenario implies that the market may continue growing; which may be considered as a correction. After that, the market may continue falling towards the above-mentioned target.
USD CHF, “US Dollar vs Swiss Franc”
Franc continues moving at the top of its ascending wave without any particular direction. We think, today the price may form a descending wave to reach level of 0.8880.
USD JPY, “US Dollar vs Japanese Yen”
Yen is still falling. We think, today the price may reach level of 116.70, consolidate for a while, and then continue moving inside the downtrend towards level of 115.00.
AUD USD, “Australian Dollar vs US Dollar”
Australian Dollar continues forming a descending structure towards level of 0.7720. After reaching it, the price may consolidate and then continue moving inside the downtrend towards level of 0.7570.
USD RUB, “US Dollar vs Russian Ruble”
Ruble has completed a descending impulse and corrected it. We think, today the price may form another descending structure to break the minimum of this impulse. The target is at level of 55.00.
XAU USD, “Gold vs US Dollar”
Gold is still consolidating. We think, today the price may fall to break level of 1250. The first downside target is at level of 1212.
RoboForex Analytical Department