4:02 AM
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 hasn’t completed its ascending structure. We think, today, the price may reach 1.0965 and then continue falling towards 1.0864, thus forming a new consolidation channel. If the pair breaks this channel downwards, it may continue falling inside the downtrend to reach 1.0677; if upwards – the current correction may continue up to 1.1000.
Great Britain Pound vs US Dollar
Pound is moving to reach 1.5656. After that, the market may start a new decline towards the lower border of this consolidation channel at 1.5527. If the pair breaks this channel upwards, it may reach 1.5710; if downwards – the downtrend may continue towards 1.5240.
US Dollar vs Swiss Franc
Franc is moving without any particular tendency and forming triangle pattern. If the pair breaks this channel upwards, it may reach 0.9758; if downwards – start a correction towards 0.9547. After that, the market may continue growing to reach 0.9850.
US Dollar vs Japanese Yen
Yen has formed a descending impulse and corrected it. The market has defined the borders of another consolidation channel. If the pair breaks this channel downwards, it may continue the current correction towards 122.95; if upwards – grow to reach the local target at 124.67.
Australian Dollar vs US Dollar
Australian Dollar is forming the fifth descending wave; the market has formed quite a wide channel for this decline. The target of the wave is at 0.7272. The current structure has equal chances to continue either up to 0.7463 or down to 0.7300.
US Dollar vs Russian Ruble
The market was opened with a gap up and Ruble is moving upwards to reach 57.70. After that, the pair may form a consolidation channel and a reversal pattern to start falling towards 52.50.
Gold vs US Dollar
Gold is forming a structure to return to 1110.00. After that, the market may start falling towards 1100.00. After breaking this level upwards, the market may continue forming the first ascending wave with the target at 1131.80.
Forex Trading | News Daily Update | FXTM Online Analysis Department.
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