Article By RoboForex.com
Analysis for April 25th, 2016
EUR USD, “Euro vs US Dollar”
Eurodollar is falling. We think, today the price may reach 1.1200. After that, the pair may return to 1.1330.
GBP USD, “Great Britain Pound vs US Dollar”
Pound has updated the maximum of its ascending wave; is has almost reached the target of another ascending structure. We think, today the price may form another consolidation range and fall towards 1.4385. Later, in our opinion, the market may rebound from the center of the channel and continue moving downwards to reach 1.4276.
USD CHF, “US Dollar vs Swiss Franc”
Franc has reached the target of its ascending structure. We think, today the price may form another correction. The downside target is at 0.9617. However, so far the market is moving upwards and has almost formed a continuation pattern. If the consolidation range is broken upwards, the market may continue growing inside the uptrend to reach 0.9970; if downwards – the pair may be corrected with the target at 0.9617.
USD JPY, “US Dollar vs Japanese Yen”
Yen is forming a new descending impulse. We think, today the price may form another consolidation channel. After breaking the minimum, the market may fall towards 109.33 and then return to 110.60.
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AUD USD, “Australian Dollar vs US Dollar”
Australian Dollar has completed the downside continuation pattern and broken its ascending channel. We think, today the price may reach the target at 0.7600 and then break return to 0.7725.
USD RUB, “US Dollar vs Russian Ruble”
After reaching the local target, Russian Ruble is forming an ascending impulse. We think, today the price may return to 69.35. However, the price may reach another new low at first, and then start an ascending correction to return to 69.00.
XAU USD, “Gold vs US Dollar”
Gold has completed the first descending structure inside the fifth wave. We think, today the price may return to 1249. Later, in our opinion, the market may continue falling inside the downtrend with the target at 1195.
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.
