Analysis for April 14th, 2016
EURUSD, “Euro vs US Dollar”
Eurodollar has broken the consolidation channel downwards and right now is expanding it towards 1.1200. Later, in our opinion, the market may return to 1.1350.
GBP USD, “Great Britain Pound vs US Dollar”
Pound is forming a descending structure towards 1.4000. Later, in our opinion, the market may form another consolidation channel, break it downwards, and then continue falling to reach 1.3750.
USD CHF, “US Dollar vs Swiss Franc”
Franc has broken the top of the first ascending impulse and right now is forming the third ascending wave. We think, today the price may form a wave with the target at 0.9720. After that, the pair may be corrected towards 0.9620.
USD JPY, “US Dollar vs Japanese Yen”
Yen has expanded its consolidation channel upwards. We think, today the price may be corrected towards 110.30 to test it from below. After that, the pair may fall inside the downtrend to reach the next target at 106.00.
AUD USD, “Australian Dollar vs US Dollar”
Australian Dollar has broken its ascending channel. We think, today the price may fall towards 0.7500 and the form another consolidation channel. Later, in our opinion, the market may break it downwards and continue falling to reach 0.7250.
USD RUB, “US Dollar vs Russian Ruble”
Russian Ruble is falling. In fact, the oil market seems to complete its growth, so the pair is also expected to reverse. However, an alternative scenario implies that the price may return to 67.00 and then form another descending structure. After that, the pair may reach 65.00 and then start the fourth wave as a correction. The target of the wave is at 72.50.
XAU USD, “Gold vs US Dollar”
Gold is falling towards 1222. Later, in our opinion, the market may be corrected to reach 1242 and then continue falling inside the downtrend with the target at 1200.
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