Analysis for April 13th, 2016
EUR USD, “Euro vs US Dollar”
Eurodollar is consolidating; the market has rebounded from its upside border and right now is moving towards a downside one. We think, today the price may reach 1.1310. Later, in our opinion, the market may move upwards and (an alternative scenario) to reach 1.1570. After that, the pair may fall towards 1.1000.
GBP USD, “Great Britain Pound vs US Dollar”
Pound has formed a descending impulse and corrected it. We think, today the price may form another descending structure towards 1.4057. Later, in our opinion, the market may form another consolidation channel and then continue moving inside the downtrend to reach 1.3750.
USD CHF, “US Dollar vs Swiss Franc”
Franc is consolidating. We think, today the price may grow towards the channel’s upside border at 0.9620. Later, in our opinion, the market may form another descending structure to reach 0.9470. After that, the pair may start growing towards 0.9800.
USD JPY, “US Dollar vs Japanese Yen”
Yen is still forming another consolidation channel. We think, today the price may reach 109.00. After that, the pair may fall towards the channel’s downside border, break it, and then continue moving downwards to reach 106.00.
AUD USD, “Australian Dollar vs US Dollar”
Australian Dollar is forming a descending impulse. We think, today the price may break this ascending channel and move to reach 0.7492.
USD RUB, “US Dollar vs Russian Ruble”
Being under pressure, Russian Ruble is falling. We think, today the price may reach 65.00. Later, in our opinion, the market may form another consolidation range and a reversal pattern. The upside target is at 72.50 (at least).
XAU USD, “Gold vs US Dollar”
Gold has completed a reversal structure. We think, today the price may fall towards 1222 and then grow to reach 1242. Later, in our opinion, the market may continue falling inside the downtrend. The local target is at 1200.
RoboForex Analytical Department