Analysis for November 13th, 2015
EUR USD, “Euro vs US Dollar”
Eurodollar is attempting to form the correction towards 1.0833 or even 1.0884. However, this growth may be only considered as an alternative scenario. The main scenario remains the same and suggests that the market may continue falling inside the downtrend. The next target is at 1.0500.
GBP USD, “Great Britain Pound vs US Dollar”
Pound is trying to move upwards to reach 1.5255. However, this growth may be only considered as an alternative scenario. After that, the instrument may continue falling inside the downtrend. The next target is at 1.5000; the local one – 1.4848.
USD CHF, “US Dollar vs Swiss Franc”
Franc may form the correction towards 0.9951. After that, the instrument may continue growing inside the uptrend. The next target is at 1.0185; the local one – 1.0300.
USD JPY, “US Dollar vs Japanese Yen”
Yen may form the correction to reach 122.00, at least. After that, the instrument may continue growing towards 124.70.
AUD USD, “Australian Dollar vs US Dollar”
Australian Dollar may try to form another ascending structure to reach 0.7170. After that, the instrument may fall towards 0.7000 and then return to 0.7200.
USD RUB, “US Dollar vs Russian Ruble”
Following the oil prices decline, Ruble has broken its current high and probably completed this ascending wave. We think, today, the price may consolidate and form a reversal structure to start another decline with the target at 63.55. The market is expected to form another descending wave with the target at 60.00.
XAU USD, “Gold vs US Dollar”
Gold is moving inside the downtrend. We think, today, the price may return to 1100 and then continue moving downwards. The next target is at 1060. The main downside target is at 1015.
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