Analysis for April 23rd, 2015
EUR USD, “Euro vs US Dollar”
Eurodollar has completed its correction and right now is moving downwards. We think, today the price may reach level of 1.0635. Later, in our opinion, the market may form a consolidation channel and a downside continuation pattern towards level of 1.0500.
GBP USD, “Great Britain Pound vs US Dollar”
Pound has formed an ascending structure and right now is falling. We think, today the price may start forming a descending structure to reach level of 1.4500.
USD CHF, “US Dollar vs Swiss Franc”
Franc is forming another ascending structure. The market has already broken level of 0.9688. Later, in our opinion, the price may consolidate and then continue growing to reach level of 0.9870.
USD JPY, “US Dollar vs Japanese Yen”
Yen has broken level of 119.80 upwards and right now is forming an upside continuation pattern to reach level of 121.00.
AUD USD, “Australian Dollar vs US Dollar”
Australian Dollar has almost completed its correction and right now is forming another descending structure towards level of 0.7680. After that, the pair may consolidate for a while and then form a downside continuation pattern. The main target is at level of 0.7510.
USD RUB, “US Dollar vs Russian Ruble”
Ruble continues falling. We think, today the price may reach level of 45.00. After that, the market may form another consolidation channel and break it downwards to reach level of 46.00. Possibly, this structure may be extended towards level of 44.00.
XAU USD, “Gold vs US Dollar”
Gold is still forming a descending structure; the market has broken its consolidation channel downwards. The target is at level of 1168. Later, in our opinion, the market may consolidate again and form a downside reversal pattern. The main target is at level of 1113.
RoboForex Analytical Department