Analysis for May 25th, 2016
EURUSD, “Euro vs US Dollar”
Eurodollar has broken its consolidation channel downwards and right now is falling to reach the target at 1.1100. We think, today the price may grow a bit towards 1.1170 to test the channel’s low from below. After that, the pair may continue falling to reach the above-mentioned target.
GBPUSD, “Great Britain Pound vs US Dollar”
Pound is forming another ascending structure with the target at 1.4693. We think, today the price may consolidate at the current levels and then grow to expand the channel towards the target. Later, in our opinion, the market may start forming another descending wave towards 1.4200.
USDCHF, “US Dollar vs Swiss Franc”
Franc is still consolidating at the top. We think, today the price may grow to reach 0.9944. After that, the pair may form another descending impulse. The market is expected to start a new correction towards 0.9700.
USDJPY, “US Dollar vs Japanese Yen”
Yen has completed the correction. We think, today the price may start another descending wave to reach the local target at 104.00.
AUDUSD, “Australian Dollar vs US Dollar”
Australian Dollar is falling towards the target at 0.7130. We think, today the price may return to 0.7200 and then continue moving downwards to reach the above-mentioned target. After that, the pair may start a new correction towards 0.7480.
USDRUB, “US Dollar vs Russian Ruble”
Russian Ruble is consolidating. If later the pair breaks this range upwards, the correction may continue towards 69.00; if downwards – fall to reach 65.30.
XAUUSD, “Gold vs US Dollar”
Gold has broken its consolidation channel downwards. The price is expected to continue falling to reach 1200.
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