Analysis for April 30th, 2015
EUR USD, “Euro vs US Dollar”
Eurodollar has almost tested the global ascending channel from below; the pair is forming the third ascending wave. We think, today the price may return to level of 1.0925 and then form another ascending structure towards the local target at level of 1.1318.
GBP USD, “Great Britain Pound vs US Dollar”
Pound has completed an ascending structure. We think, today the price may fall towards level of 1.5180. Possibly, the pair may form another ascending structure with the target at level of 1.5800.
USD CHF, “US Dollar vs Swiss Franc”
In case of Franc, we can see a downside continuation pattern; the pair has finished the pattern’s central part. We think, today the price may return to level of 0.9542 to test it from below. Later, in our opinion, the market may start falling towards the local target at level of 0.9222.
USD JPY, “US Dollar vs Japanese Yen”
Yen continues moving downwards. We think, today the price may reach level of 118.10 and then return to level of 119.00. After that, the market may resume falling towards the target at level of 117.44.
AUD USD, “Australian Dollar vs US Dollar”
Australian Dollar has extended an ascending structure inside the third wave; the center is at level of 0.7805. We think, today the price may fall return to level of 0.7805 to test it from above and start forming the fifth wave to reach new highs.
USD RUB, “US Dollar vs Russian Ruble”
Ruble attempted to move upwards, but taking into account oil prices, continued forming its descending wave. We think, today the price may fall to reach level of 46.00. Possibly, the market may extend this wave up to level of 44.00.
XAU USD, “Gold vs US Dollar”
Gold has rebounded from the top of its ascending wave; the market has almost formed a consolidation channel. We think, today the price may break the minimum of the first impulse and then continue falling towards level of 1184. Later, in our opinion, the price may return to level of 1200 to test it from below.
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