Analysis for February 25th, 2015
EURUSD, “Euro vs US Dollar”
Eurodollar is moving inside its consolidation channel. The most preferred scenario implies that the price may continue falling to reach level of 1.1240. After that, the pair may return to level of 1.1380.
GBPUSD, “Great Britain Pound vs US Dollar”
Pound is attempting to expand its consolidation channel upwards. We think, today the price may reach level of 1.5510 and then continue forming a descending wave with the target at level of 1.5150.
USDCHF, “US Dollar vs Swiss Franc”
Franc is still moving inside a narrow consolidation channel near the top. We think, today the price may continue growing to reach level of 0.9690 and then fall towards level of 0.8830.
USDJPY, “US Dollar vs Japanese Yen”
Yen is moving downwards. We think, today the price may reach level of 117.75. After that, the pair may form a consolidation range and then then form continue falling inside the downtrend towards triangle’s lower border.
AUDUSD, “Australian Dollar vs US Dollar”
Australian Dollar is moving upwards. We think, today the price may expand its trading range towards level of 0.7950 and then return to level of 0.7800.
USDRUB, “US Dollar vs Russian Ruble”
Ruble is still moving inside a descending structure towards level of 58.00. After that, the pair may return to level of 63.00. Later, in our opinion, the market may continue falling inside the downtrend towards the target at 55.00.
XAUUSD, “Gold vs US Dollar”
Gold is still consolidating. Possibly, the price may expand this channel upwards and start a correction. However, according to the main scenario the downtrend may continue towards level of 1113.
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