Article By RoboForex.com
Analysis for September 1st, 2015
EUR USD, “Euro vs US Dollar”
Eurodollar has broken its consolidation channel upwards. We think, today, the price may grow to reach 1.1360 and then fall towards 1.1020 at least, or even continue deeper to 1.0800.
GBP USD, “Great Britain Pound vs US Dollar”
Pound is consolidating at the lows of its descending wave. This structure may be considered as the downside continuation pattern. If the price breaks this consolidation channel, it may continue falling to reach 1.52140 (at least). The final target of this descending movement is at 1.5060. If the channel is broken upwards, we can expect the correction towards 1.5573.
USD CHF, “US Dollar vs Swiss Franc”
Franc is consolidating at the top of its ascending structure. Possibly, the price may test 0.9567 from above and then grow towards the upper border of the daily triangle pattern to reach 0.9874. If the channel is broken downwards, we can expect the correction towards 0.9481.
USD JPY, “US Dollar vs Japanese Yen”
Yen has broken its consolidation channel downwards and may form the correction towards 119.77. After that, the pair may break the channel upwards and expand it towards 124.04.
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AUD USD, “Australian Dollar vs US Dollar”
Australian Dollar is falling. We think, today, the price may reach 0.7000 and then grow towards 0.7126.
USD RUB, “US Dollar vs Russian Ruble”
Ruble is still consolidating. The structure may be considered as the downside continuation pattern; the target is at 61.00. After that, the market may return to 66.00 to test it from below and then, following the oil market, continue moving inside the downtrend. The target of this wave is at 52.20.
XAU USD, “Gold vs US Dollar”
Gold is still being corrected and extending the fifth structure. Possibly, the price may test 1145 and then continue falling to reach 1110.
RoboForex Analytical Department
Article By RoboForex.com
Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex LP bears no responsibility for trading results based on trading recommendations described in these analytical reviews.
