Analysis for April 29th, 2015
EUR USD, “Euro vs US Dollar”
Eurodollar is still forming an ascending wave, which may be considered as the third wave of the current correction. We think, today the price may grow to reach level of 1.1024. After that, the pair may continue falling to reach level of 1.0840 at least.
GBP USD, “Great Britain Pound vs US Dollar”
Pound is still forming an ascending structure. We think, today the price may extend it towards level of 1.5490. After that, the market may continue falling towards level of 1.5180.
USD CHF, “US Dollar vs Swiss Franc”
Franc is still forming a consolidation channel. We think, today the price may break it downwards and continue forming the third wave of the current correction with the target at level of 0.9218. Later, in our opinion, the market may return to level of 0.9540 to test it from below.
USD JPY, “US Dollar vs Japanese Yen”
Yen is still consolidating. If the price breaks this consolidation channel downwards – the market may continue falling to reach level of 117.44; if upwards – form an ascending structure towards level of 121.
AUD USD, “Australian Dollar vs US Dollar”
Australian Dollar has reached its upside the target, which may be considered as a local one. We think, today the price may fall towards level of 0.7840 to test it from above and then move upwards to reach level of 0.8040. Later, in our opinion, the market may start another descending movement as a correction towards level of 0.7787.
USD RUB, “US Dollar vs Russian Ruble”
Ruble continues falling. Possibly, the pair may be corrected towards level of 58.00 while forming the current descending wave. The main target is at level of 46.00. The market mays tart falling inside the downtrend at any moment.
XAU USD, “Gold vs US Dollar”
Gold has broken its ascending channel. We think, today the price may fall towards level of 1184 and then continue falling inside the downtrend with the target at level of 1113.
RoboForex Analytical Department