Analysis for September 15th, 2014
EURUSD, “Euro vs US Dollar”
Euro is moving upwards. We think, today the price may try to break a descending channel and form a continuation pattern towards level of 1.3078, or even form a correction towards level of 1.2920. Later, in our opinion, the market may move upwards to break a descending channel and reach the above-mentioned target. The pair may form an ascending correction with the main target at level of 1.3388.
GBPUSD, “Great Britain Pound vs US Dollar”
Pound continues forming an ascending structure with the target at level of 1.6300. After reaching it, the price may fall to return to level of 1.6180. Later, in our opinion, the market may move upwards to break a descending channel and then continue growing inside an ascending correction with the target at level of 1.6630 at least.
USDCHF, “US Dollar vs Swiss Franc”
Franc is still forming a descending structure with the target at level of 0.9300. After reaching it, the price may grow to return towards level of 0.9355, continue falling to break an ascending channel, and reach the main target at level of 0.9077.
USDJPY, “US Dollar vs Japanese Yen”
Yen is still moving inside an ascending structure. We think, today the price may reach level of 108.00 and then start a correction towards level of 104.50. Later, in our opinion, the market may form another ascending structure to reach level of 108.50 and then start falling inside a new descending trend.
AUDUSD, “Australian Dollar vs US Dollar”
Australian Dollar reached the target of its descending wave. We think, today the price may form another structure to return to level of 0.9200, at least. Later, in our opinion, the market may start a new descending movement with the target at level of 0.8940, at least.
USDRUB, “US Dollar vs Russian Ruble”
Ruble is under pressure and continues growing. We think, today the price may reach level of 38.10 and then move downwards to reach level of 34.20. Later, in our opinion, the market may complete this ascending wave by growing and reaching level of 38.50. After that, the pair may start a correction as the fourth wave with target at level of 34.
XAUUSD, “Gold vs US Dollar”
Gold continues falling inside a descending channel with the main target at level of 1208. We think, today the price may test level of 1248 from blow and then continue moving downwards to reach the above-mentioned target.
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