Analysis for September 16th, 2015
EUR USD, “Euro vs US Dollar”
Eurodollar is falling. The target of the wave is at 1.1180. After that, the pair may return to 1.1275 and then continue falling inside the downtrend to reach 1.1000.
GBP USD, “Great Britain Pound vs US Dollar”
Pound continues falling as well. We think, today, the price may reach 1.5235 and then return to 1.5342 to test it from below. After that, the pair may continue falling towards 1.5200.
USD CHF, “US Dollar vs Swiss Franc”
Franc is moving upwards. We think, today, the price may reach 0.9770 and then return to 0.9710. After that, the pair may start another growth towards 0.9870.
USD JPY, “US Dollar vs Japanese Yen”
Yen hasn’t completed its decline yet. The current ascending movement may be considered as a part of the downside continuation pattern. The target is at 118.62. After that, the pair may return to 119.95.
AUD USD, “Australian Dollar vs US Dollar”
Australian Dollar is forming the third ascending wave; the target is at 0.7200. After that, the market may return to 0.7070 and then start another growth to reach 0.7232.
USD RUB, “US Dollar vs Russian Ruble”
Ruble is still falling. We think, today, the price may reach 63.00 and then return to 66.00. After that, the pair may continue moving downwards to reach 62.00.
XAU USD, “Gold vs US Dollar”
Gold is consolidating. We think, today, the price may break the channel upwards to reach 1112.70. After that, the market may test 1106.80 from above and then the uptrend may continue towards 1224.70.
RoboForex Analytical Department