Forex Technical Analysis 10.04.2015 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD)

FXTM Online Analysis Department. www.fxtmonline.com

EUR USD, “Euro vs US Dollar”

Eurodollar has reached the predicted target of the third wave of flag pattern and later is expected to grow towards level of 1.0948. However, the market has formed no impulses for such ascending movement. If the price isn’t able to form a reversal structure today, the pair will continue falling to reach new lows.

GBP USD, “Great Britain Pound vs US Dollar”

Pound has broken its consolidation channel downwards. We think, today the price may fall towards its local target at level of 1.4566 and then test level of 1.4766 from below. Later, the pair may continue falling towards the main target at 1.4400.

USD CHF, “US Dollar vs Swiss Franc”

Franc has broken the upper border of its consolidation channel and is expected to expand it upwards. We think, today, the price may reach level of 0.9900 and then return to level of 0.9750.

USD JPY, “US Dollar vs Japanese Yen”

Yen has reached the local target of its ascending structure, which may be considered as flag pattern. We think, today the price may fall towards level of 119.05 and then grow to reach level of 121.04. An alternative scenario implies that the market may continue growing without any corrections.

AUD USD, “Australian Dollar vs US Dollar”

Australian Dollar has reached its upside target. We think, today the price may fall towards level of 0.7630. After reaching it, the pair may return to level of 0.7660 and then start another descending structure with the target at level of 0.7510.

USD RUB, “US Dollar vs Russian Ruble”

Ruble is still forming a descending structure with the target at 48.00. Possibly, the pair may test level of 58.50 and then continue falling towards its local target. After that, the pair may return to level of 58.00 as the fourth wave of the correction and then start a new descending movement to reach level of 44.00.

XAU USD, “Gold vs US Dollar”

After finishing another descending movement, Gold is consolidating. According to the main scenario, the price may continue falling towards level of 1113. The structure of this wave isn’t expected to be “wide”.

FXTM Online Analysis Department. www.fxtmonline.com

Apr 10, 2015