Analysis for November 26th, 2015
EUR USD, “Euro vs US Dollar”
Eurodollar has reached another new low and returned to the center of the pattern. We think, today, the price may rebound from the center and then continue falling towards 1.0500. After that, the instrument may test 1.0620 from below and then continue moving inside the downtrend to reach 1.0300.
GBP USD, “Great Britain Pound vs US Dollar”
Pound is being corrected towards 1.5149 to test it from below. After that, the instrument may continue falling inside the downtrend to reach 1.5000. Later, in our opinion, the market may form another correction to return to 1.5150.
USD CHF, “US Dollar vs Swiss Franc”
Franc has reached a new high and returned to center of the pattern. We think, today, the price may continue growing towards 1.0282 and then return to 1.0200. After that, the instrument may continue growing inside the uptrend to reach 1.0420.
USD JPY, “US Dollar vs Japanese Yen”
Yen is moving inside its descending wave towards 121.85. After that, the instrument may continue growing as the fifth wave to reach 125.30.
AUD USD, “Australian Dollar vs US Dollar”
Australian Dollar is being corrected towards 0.7195. After that, the instrument may complete this ascending structure by growing to reach 0.7300. Later, in our opinion, the market may form another correction to return to 0.7150.
USD RUB, “US Dollar vs Russian Ruble”
Ruble is still moving inside triangle consolidation pattern. We think, today, the price may fall to break the lower border of the pattern and reach 63.82.
XAU USD, “Gold vs US Dollar”
Gold is consolidating; this trading range may be considered as triangle pattern. We think, today, the price may reach a new low and then form the fifth structure to return to 1075. After rebounding from the upper border, the instrument may continue falling inside the downtrend towards 1015.
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