Analysis for September 10th, 2015
EUR USD, “Euro vs US Dollar”
The euro dollar currency pair fulfilled the matrix of the correctional wave. Today, the market trades at a reducing impulse. With the release from the correctional channel we expect refinement at the level of 1.1000. On this decrease the market will break through the main channel of the wave of growth. The goal will be refined by the actual break through and the formation of a continuation pattern. So far, we have only the calculated target – the refinement of the level of 1.0750.
GBP USD, “Great Britain Pound vs US Dollar”
The pound dollar currency pair struck through the low of the first pulse decrease. The basic scenario we consider to be the continuation of development of the wave of reduction to the level of refinement of 1.4960. The first goal is at the level of 1.5182.
USD CHF, “US Dollar vs Swiss Franc”
The Dollar Franc currency pair continues to trade above the 0.9760 level. We expect continued growth to the level of refinement of 0.9870. Next, we consider the possibility of a correction to the level of 0.9690. Then – once again a rise to the level of 1.0000.
USD JPY, “US Dollar vs Japanese Yen”
The dollar yen currency pair continues to trade the structure of the wave of growth. The market offers to work through the level of 121.45. Next in line is a reduction to the level of 120.03, and the test is above. This will form the framework of the consolidation range. With the breakthrough up we consider the possibility of growth up to the level of 124.00. With a break down there may be reduction by the trend to the level of refinement of 115.00.
AUD USD, “Australian Dollar vs US Dollar”
The Australian dollar against the US dollar came out of the channel of the structure of growth and worked a return to the level of 0.6950. Today, we are considering the level of refinement at 0.7022. Next, we consider the possibility of a reduction to an update of the current minimum and the formation of the centre of the figure of continuation of reduction to the level of 0.6888. Then we will consider the possibility of growth to the breakdown of the level of 0.7070.
USD RUB, “US Dollar vs Russian Ruble”
From the Russian ruble today we expect continued growth to the overlap of the level of 69.90. Next, we consider the possibility of a reversal pattern to the beginning of the wave of decline to a level of 52.52. Alternatively, if oil will go on to update its lows, the ruble can fulfil the emission price to level of 73.50. Then - once again a downward trend.
XAU USD, “Gold vs US Dollar”
Gold has fulfilled the target of the wave of reduction. Today, we are considering the possibility of impulses to the exit from the channel of this structure of decline. The next step is a return to the level of 1140. We expect the development of the third wave of growth at the refinement of the local target at 1215.
RoboForex Analytical Department