Analysis for February 23rd, 2016
EUR USD, “Euro vs US Dollar”
The euro dollar currency pair is trading in the structure of a declining wave to the refinement of the level of 1.0900. The market has once again expanded the range of consolidation down. Today, we consider the test level of 1.1070 (as a minimum). As a maximum, a correction to the level of 1.1125 is possible. Furthermore – continuation in the trend down to the testing of the specified target.
GBP USD, “Great Britain Pound vs US Dollar”
The pound against US dollar currency pair is trading under pressure to decline. The consolidation range broken down. The market reversed the fifth wave of growth and continues to decline to the target of 1.3850. Today we consider the refinement of the level of the local target at 1.4000. Next - a correction to the level of 1.4285. Then - a decline of testing the primary target.
USD CHF, “US Dollar vs Swiss Franc”
The USD CHF currency pair broke through the consolidation up. The potential for growth to testing of the main target at the level of 1.0127 is almost open. Today we consider the possibility of a correction to 0.9946 (as a minimum). As a maximum, and we do not exclude the reduction to the level of 0.9898, the test above. Furthermore - continued growth to testing of the main target.
USD JPY, “US Dollar vs Japanese Yen”
The dollar yen currency pair almost fulfilled the correction in the fifth wave. Today we consider the overlap at the level of 111.95, and the completion of the correction. The next consider an increase to the refinement of the level of 115.50. Next - a return to the level of 113.00.
AUD USD, “Australian Dollar vs US Dollar”
The Australian dollar against the US dollar has fulfilled the target of the fifth wave of growth. Today we consider the possibility a reduction to the level of 0.7086. Next - a correction to 0.7170. Then, we consider the continued reduction to the refinement of the level of 0.6660.
USD RUB, “US Dollar vs Russian Ruble”
The Russian ruble will not be trading today. The market is closed due to the Defender of the Fatherland day.
XAU USD, “Gold vs US Dollar”
Gold is trading in the structure of a "Triangle". Today, we consider the refinement of the level of the upper limit of 1226. Next, we consider the possibility of a rebound down with a reduction to the level of 1186.
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