Analysis for July 28th, 2015
EUR USD, “Euro vs US Dollar”
Eurodollar is under pressure and continues falling. We think, today, the price may form a descending wave to reach 1.0938 and then grow to return to 1.1040.
GBP USD, “Great Britain Pound vs US Dollar”
Pound is moving inside the descending structure towards 1.5466. Right now, the pair is forming the fourth structure of this wave. We think, today, the price may reach 1.5620 and then fall towards the above-mentioned target.
USD CHF, “US Dollar vs Swiss Franc”
Franc is forming an ascending structure to break its consolidation channel upwards. We think, today, the price may reach 0.9652 and then fall to return to 0.9592. After that, the market may start another growth to reach 0.9762.
USD JPY, “US Dollar vs Japanese Yen”
Yen is moving inside the descending wave towards 122.95. We think, today, the price may compete the fourth structure of this wave. After that, the pair may start falling towards the above-mentioned target and then grow to reach 124.67.
AUD USD, “Australian Dollar vs US Dollar”
Australian Dollar has formed the ascending impulse and right now is correcting it towards 0.7285. After that, the market may grow to break the top of the first impulse and form another ascending wave to reach 0.7406.
USD RUB, “US Dollar vs Russian Ruble”
Ruble is still under pressure and continues growing. We think, today, the price may form a consolidation channel at the current tops. After that, the market may form a reversal pattern to break the ascending channel and start falling towards 52.50.
XAU USD, “Gold vs US Dollar”
Gold is still consolidating. We think, today, the price may break this channel upwards and continue growing to reach 1131. After that, the market may start a correction towards 1101.
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