Analysis for July 27th, 2016
EUR USD, “Euro vs US Dollar”
The EUR/USD pair is bouncing from 1.0996 downwards. We think, today the price may continue falling towards 1.0930 and then test 1.1000 from below once again. After that, the pair may continue falling inside the downtrend to reach 1.0840.
GBP USD, “Great Britain Pound vs US Dollar”
The GBP/USD pair is consolidating above 1.3090. We think, today the price may break this level downwards and continue falling to reach 1.2788. Later, in our opinion, the market may return to 1.3094 to test it from below and then continue moving downwards with the target at 1.2650.
USD CHF, “US Dollar vs Swiss Franc”
The USD/CHF pair has broken its consolidation range upwards. We think, today the price may continue growing to reach 0.9948 and then form another consolidation range. After breaking it upwards, the next target will be at 1.0000.
USD JPY, “US Dollar vs Japanese Yen”
The USD/JPY pair is falling to reach 103.00. We think, today the price may form the fifth structure of the wave. After that, the pair may return to 105.35.
AUD USD, “Australian Dollar vs US Dollar”
The AUD/USD pair is forming another descending wave. We think, today the price may reach 0.7424 and then form a consolidation range. After breaking it downwards, the pair may reach the local target at 0.7282.
USD RUB, “US Dollar vs Russian Ruble”
The USD/RUB pair is rebounding from the upside border of the consolidation channel. Possibly, today the price may test 65.62 from above and then grow to reach the local target at 67.67.
XAU USD, “Gold vs US Dollar”
Gold is consolidating above 1313 without any particular direction. The main scenario implies that the price may grow towards 1383. An alternative one suggests that it may fall to reach 1292. Later, in our opinion, the market may continue growing inside the uptrend to reach the next target at 1425.
RoboForex Analytical Department