3:54 PM
Forex Technical Analysis (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD)
Forex Trading |News Daily Update |FXTM Online Analysis Department.
Euro vs US Dollar
Eurodollar is moving upwards. We think, today the price may form a correction to return to level of 1.0720 and then resume falling towards level of 1.0320. Later, in our opinion, the pair may grow to return to level of 1.0670.
Great Britain Pound vs US Dollar
Pound is returning to level of 1.4830. After reaching it, the price may start falling towards the main target at level of 1.4400.
US Dollar vs Swiss Franc
Franc is moving downwards. We think, today, the price may form a correction to reach level of 0.9640 and then grow towards level of 0.9930.
US Dollar vs Japanese Yen
Yen has reached the target of its descending wave; the market has already formed an ascending impulse and right now is correcting it. Later, in our opinion, the pair may grow to reach level of 120.00, form a consolidation channel, and then break it upwards to reach level of 121.00.
Australian Dollar vs US Dollar
Australian Dollar has extended another descending structure and right now is forming a correction. Possibly, it may grow towards level of 0.7650. After reaching it, the pair may complete this descending wave by forming another structure with the target at level of 0.7510.
US Dollar vs Russian Ruble
Ruble is still moving downwards. We think, today the price may reach its local target at level of 48.50 and then start a correction towards level of 54.00. After that, the market may resume falling to reach the target at level of 44.00. We should note that right now this descending trend may continue without any corrections. After the pair reaches its main target, we’ll consider more serious correctional structure to return to level of 60.00.
Gold vs US Dollar
Gold is still forming a consolidation channel and may break it downwards by the first descending impulse. The target of this structure is at level of 1168. Later, in our opinion, the market may consolidate again and form a downside continuation pattern. The main target is at level of 1113.
Forex Trading |News Daily Update |FXTM Online Analysis Department.
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