Analysis for February 19th, 2016
EUR USD, “Euro vs US Dollar”
At the H4 chart, Eurodollar has fallen to reach its target and broken the descending channel; the pair has almost reached the closest target of the correction. Possibly, today the price may fall towards 1.1000 and then start another correction with the target at 1.1250.
GBP USD, “Great Britain Pound vs US Dollar”
Pound has expanded its consolidation channel upwards. We think, today the price may continue growing towards 1.4440 and then fall to reach 1.4300.
USD CHF, “US Dollar vs Swiss Franc”
Franc continues moving upwards. We think, today the price may reach 0.9980 and then grow towards 1.0127. Later, in our opinion, the market may start another correction towards 0.9820.
USD JPY, “US Dollar vs Japanese Yen”
Yen has completed its descending structure as a correction. We think, today the price may grow towards 115.50 and then fall to return to 113.00.
AUD USD, “Australian Dollar vs US Dollar”
Australian Dollar is still consolidating and falling towards 0.7050. After reaching it, the market return to 0.7150. If the channel is broken upwards, the price may reach 0.7250; if downwards - the downtrend may continue towards 0.6660.
USD RUB, “US Dollar vs Russian Ruble”
Russian Ruble is still consolidating near 76. We think, today the price may continue falling the third wave inside the downtrend with the target at 69.
XAU USD, “Gold vs US Dollar”
Gold has expanded its consolidation channel upwards and almost reached the target of the correction. We think, today the price may fall to reach the target at 1172.60.
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