Analysis for April 28th, 2015
EURUSD, “Euro vs US Dollar”
Eurodollar is still forming an ascending wave, which may be considered as a correction. We think, today the price may consolidate. An alternative scenario implies that the pair may grow to reach level of 1.0950. However, the main one suggests that the market may form another descending structure to reach level of 1.0500.
GBPUSD, “Great Britain Pound vs US Dollar”
Pound is still forming an ascending structure. We think, today the price may consolidate and form a reversal pattern. According to the main scenario, the market is expected to continue falling towards level of 1.4400.
USDCHF, “US Dollar vs Swiss Franc”
Franc is still forming a consolidation channel. We think, today the price may break it upwards and then form an ascending structure to reach level of 0.9930.
USDJPY, “US Dollar vs Japanese Yen”
Yen is still consolidating. If the price breaks this consolidation channel downwards – the market may continue falling to reach level of 117.44; if upwards – form an ascending structure towards level of 121.
AUDUSD, “Australian Dollar vs US Dollar”
Australian Dollar has reached the target of its five-wave ascending structure. We think, today the price may consolidate and form a reversal pattern. The market is expected to start forming another descending wave with the target at level of 0.7510.
USDRUB, “US Dollar vs Russian Ruble”
Ruble continues falling. Possibly, the pair may be corrected towards level of 58.00 while forming the current descending wave. The main target is at level of 46.00. The market mays tart falling inside the downtrend at any moment.
XAUUSD, “Gold vs US Dollar”
Although Gold has rebounded from its lows, this structure may be considered only as a correction. The main scenario implies that the market may continue falling towards the first target at level of 1168.
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