Analysis for April 17th, 2015
EURUSD, “Euro vs US Dollar”
Eurodollar is still moving inside an ascending structure, which may be considered as a correctional one. We think, today the price may fall to reach level of 1.0507. An alternative scenario implies that the pair may make another ascending movement to reach level of 1.0852 and then start falling towards new lows.
GBPUSD, “Great Britain Pound vs US Dollar”
Pound continues growing. We think, today the price may fall and form a reversal pattern to reach the main target at level of 1.4400.
USDCHF, “US Dollar vs Swiss Franc”
Franc is still falling. We think, today, the price may reach level of 0.9527 and then start forming another ascending wave to reach level of 0.9930.
USDJPY, “US Dollar vs Japanese Yen”
Yen continues falling; the pair is forming a consolidation channel near the lows. If later the market breaks the channel upwards, it may form an ascending wave with the target at level of 121.00; if downwards – extend this descending structure towards level of 117.40.
AUDUSD, “Australian Dollar vs US Dollar”
Australian Dollar is still growing. We think, today the price may move upwards to reach level of 0.7852 and then complete this descending wave by forming another descending structure with the target at level of 0.7510. After that, the market is expected to start a serious correction.
USDRUB, “US Dollar vs Russian Ruble”
Ruble is still moving downwards. We think, today the price may reach level of 48.50 and then start a technical correction. After that, the market may resume falling to reach the target at level of 44.00.
XAUUSD, “Gold vs US Dollar”
Gold is still forming a consolidation channel. If the market breaks it downwards, it may continue falling towards level of 1168. Later, in our opinion, the market may return to level of 1197 to test it from below and then continue falling to reach level of 1113.
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