Analysis for April 28th, 2016
EUR USD, “Euro vs US Dollar”
Being under pressure, Eurodollar is moving upwards. We think, today the price may choose an alternative scenario and grow to reach 1.1377. After that, the pair may continue falling inside the downtrend towards 1.1200.
GBP USD, “Great Britain Pound vs US Dollar”
Pound is moving above 1.4460. We think, today the price may be corrected to return to the above-mentioned level; he market is expected to fall as a correction, which already has two impulses, te second of which is now being corrected. Later, in our opinion, the market may form the third impulse to reach the target.
USD CHF, “US Dollar vs Swiss Franc”
Franc is still being corrected towards 0.9617. We think, today the price may reach 0.9667 and then return to 0.9700. After that, the pair may fall to reach the target of the flag
USD JPY, “US Dollar vs Japanese Yen”
Yen is falling fast towards 107.00, but it’s just a half of the wave. The main target is at 104.00.
AUD USD, “Australian Dollar vs US Dollar”
Australian Dollar is attempting to return to 0.7732. However, this growth should be considered as an alternative scenario. The main scenario still implies that the price may continue falling inside the downtrend to reach 0.7470.
USD RUB, “US Dollar vs Russian Ruble”
We think, today Russian Ruble may reach 63.85. Later, in our opinion, the market may be return to 69.00.
XAU USD, “Gold vs US Dollar”
Gold has extended the correction towards 1255. We think, today the price may fall to reach 1200 and then return to 1226. Later, in our opinion, the market may continue falling inside the downtrend to reach 1182.
RoboForex Analytical Department