4:49 PM
Forex Technical Analysis (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD)
Forex Trading | Forex News Daily Update |FXTM Online Analysis Department.
Euro vs US Dollar
Eurodollar continues moving downwards. We think, today the price may fall to reach level of 1.0330 and then return to level of 1.0570. Later, in our opinion, the pair may continue falling towards level of 1.0300.
Great Britain Pound vs US Dollar
Pound is forming the third structure of its descending wave. The main target is at level of 1.4400. We think, today the price may test level of 1.4765 from below and then continue falling to reach the main target.
US Dollar vs Swiss Franc
Franc has tested its broken consolidation channel from above. We think, today, the price may continue growing to reach level of 0.9930 and then fall to return to level of 0.9708.
US Dollar vs Japanese Yen
Yen is falling. We think, today the price may reach level of 119.41 and then return to level of 120.00. Later, in our opinion, the pair may complete this descending structure by falling and reaching level of 119.00.
Australian Dollar vs US Dollar
Australian Dollar is still forming a descending wave with the target at level of 0.7510. After reaching it, the pair may start a correction towards level of 0.7730. the form of this ascending structure will help us to understand how the market may move in the future.
US Dollar vs Russian Ruble
Ruble has started forming another consolidation channel. The main scenario implies that the price may continue falling inside the downtrend. An alternative one suggests that the pair may be forced by the regulator to return to level of 54.50 and then start another descending movement to reach level of 48.50.
Gold vs US Dollar
Gold is still forming a descending structure. We think, today the price may reach level of 1168.50 (this is just one half of the structure). Later, in our opinion, the market may consolidate and then continue falling towards its local target at level of 1143.00.
Forex Trading | Forex News Daily Update |FXTM Online Analysis Department.
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