Analysis for April 11th, 2016

EUR USD, “Euro vs US Dollar”

Being under pressure, Eurodollar is moving upwards. We think, today the price may continue moving according to an alternative scenario towards 1.1570. Later, in our opinion, the market may start a new correctional wave to return to 1.1000.

EURUSD

 

GBP USD, “Great Britain Pound vs US Dollar”

Pound is moving upwards. We think, today the price may be corrected towards 1.4300; this growth should be considered as an alternative scenario. The main scenario implies that the market may continue moving inside the downtrend. The next target is at 1.3750.

GBPUSD

 

USD CHF, “US Dollar vs Swiss Franc”

Being under pressure, Franc is moving downwards. We think, today the price may reach 0.9474, and then start consolidating and form a reversal structure. The uptrend is expected to continue. The first target is at 0.9800.

USDCHF

 

USD JPY, “US Dollar vs Japanese Yen”

Yen is forming another consolidation channel. We think, today the price may fall to reach 106.00. After that, the pair may consolidate for a while. The next downside target is at 104.30.

USDJPY

 

AUD USD, “Australian Dollar vs US Dollar”

Australian Dollar is still being corrected with the target at 0.7600. We think, today the price may break this consolidation range upwards and reach the target. Later, in our opinion, the market may start another descending structure, break the minimums, and reach 0.7360.

AUDUSD

 

USD RUB, “US Dollar vs Russian Ruble”

We think, today Russian Ruble may continue falling to reach 65.00, thus completing the third wave. Later, in our opinion, the market may be corrected towards 72.50.

USDRUB

 

XAU USD, “Gold vs US Dollar”

Being under pressure, Gold is moving upwards; the market has almost broken its consolidation range. We think, today the price may extend this structure towards 1259. Later, in our opinion, the market may continue falling to reach 1234.

XAUUSD


 

Before you enter foreign exchange and stock markets, you have to remember that trading currencies and other investment products is trading in nature and always involves a considerable risk. As a result of various financial fluctuations, you may not only significantly increase your capital, but also lose it completely. Therefore, our clients have to assure RoboForex that they understand all the possible consequences of such risks, they know all the specifics, rules and regulations governing the use of investment products, including corporate events, resulting in the change of underlying assets. Client understands that there are special risks and features that affect prices, exchange rates and investment products.

Recommended Content


Recommended Content

Editors’ Picks

EUR/USD stays below 1.0800 after upbeat US data

EUR/USD stays below 1.0800 after upbeat US data

EUR/USD stays under bearish pressure and trades slightly below 1.0800 in the American session on Thursday. The data from the US showed that the real GDP growth for the fourth quarter got revised higher to 3.4% from 3.2%, supporting the USD and weighing on the pair.

EUR/USD News

GBP/USD stays in daily range above 1.2600

GBP/USD stays in daily range above 1.2600

GBP/USD fluctuates in a narrow channel above 1.2600 on Thursday. The better-than-expected Initial Jobless Claims data from the US and the upward revision to the Q4 GDP growth helps the USD stay resilient against its rivals and limits the pair's upside.

GBP/USD News

Gold clings to strong daily gains above $2,200

Gold clings to strong daily gains above $2,200

Gold retreats from daily highs but holds comfortably above $2,200 in the American session on Friday. The benchmark 10-year US Treasury bond yield stays above 4.2% after upbeat US data and makes it difficult for XAU/USD to preserve its bullish momentum.

Gold News

XRP price falls to $0.60 support as Ripple ruling doesn’t help Coinbase lawsuit against SEC

XRP price falls to $0.60 support as Ripple ruling doesn’t help Coinbase lawsuit against SEC

XRP programmatic sales ruling by Judge Torres was completely rejected by another US Court that ruled in favor of the SEC in a lawsuit against Coinbase. 

Read more

Portfolio rebalancing and reflation trades emerge into Q2

Portfolio rebalancing and reflation trades emerge into Q2

Yesterday’s price action pointed at a possible end-of-quarter portfolio rebalancing as the session saw the laggards of the quarter like Apple and Tesla gain, and the stars like Microsoft and Nvidia retreat.

Read more

Majors

Cryptocurrencies

Signatures