Analysis for February 16th, 2016
EURUSD, “Euro vs US Dollar”
Eurodollar has reached its predicted downside target. We think, today the price may consolidate at the current levels and even expand this channel towards 1.1099. After that, the market may return to 1.1230 and then form another descending wave to reach 1.0999. Later, in our opinion, the pair may be corrected towards 1.1187.
GBPUSD, “Great Britain Pound vs US Dollar”
Pound is consolidating; the pair has formed the triangle pattern. We think, today the price may continue consolidating to reach 1.4380 and then return to 1.4540. After that, the market may start another decline towards the channel’s lower border at 1.4350.
USDCHF, “US Dollar vs Swiss Franc”
Franc continues growing. We think, today the price may reach 0.9935 and then fall towards 0.9820. Later, in our opinion, the market may grow to reach 0.9985 and then start a correction towards 0.9820.
USDJPY, “US Dollar vs Japanese Yen”
Yen is moving upwards with the target at 115.50. We think, today the price may form a descending structure towards 113.16 and then grow to reach the above-mentioned target. After that, the market may form the flag correctional pattern towards 113.16.
AUDUSD, “Australian Dollar vs US Dollar”
Australian Dollar is still consolidating at the top of its ascending impulse. Possibly, the price may reach 0.7225. However, the main scenario suggests that the pair may continue falling inside the downtrend with the target at 0.6660.
USDRUB, “US Dollar vs Russian Ruble”
Russian Ruble is falling towards 76. We think, today the price may consolidate, break the channel downwards, and then continue falling to reach 69.
XAUUSD, “Gold vs US Dollar”
Gold has reached its predicted downside target. We think, today the price may consolidate and return to 1218. Later, in our opinion, the market may continue falling towards 1172.
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