Analysis for April 26th, 2016
EUR USD, “Euro vs US Dollar”
Eurodollar continues moving downwards inside the fifth structure. We think, today the price may reach 1.1200 or even 1.1160. After that, the pair may be corrected to return to 1.1330.
GBP USD, “Great Britain Pound vs US Dollar”
Pound is moving upwards; it has already reached another new high. We think, today the price may fall towards the downside border of the consolidation range at 11.4303 and then return to 1.4400. Later, after breaking the minimum, the market may continue moving downwards to reach 1.4076.
USD CHF, “US Dollar vs Swiss Franc”
Franc is consolidating without any particular direction. We think, today the price may break this narrow consolidation range upwards and then continue growing to reach 0.9970. However, if the consolidation channel is broken downwards, the pair may be corrected with the target at 0.9617 (an alternative scenario).
USD JPY, “US Dollar vs Japanese Yen”
Yen has broken the minimum of its descending impulse. We think, today the price may reach 109.78. After that, the pair may test 111.00 from below.
AUD USD, “Australian Dollar vs US Dollar”
Australian Dollar is consolidating. We think, today the price may fall to reach the target at 0.7600 and then start a new correction to return to 0.7725.
USD RUB, “US Dollar vs Russian Ruble”
Being under pressure, Russian Ruble is moving upwards. We think, today the price may stays above 66.70 and even expand the trading range up to 68.30. Later, in our opinion, the market may test 66.70 from above and then grow towards 69.35.
XAU USD, “Gold vs US Dollar”
Gold is growing towards 1246. Possibly, the price may test 1249 from below. Later, in our opinion, the market may break the ascending channel and form another descending wave towards 1226. The local target of the third wave is at 1206.
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