Article By RoboForex.com
Analysis for August 13th, 2015
EUR USD, “Euro vs US Dollar”
Eurodollar is falling today. The price is expected to form a wave to reach 1.1072 and then start a correction towards 1.1144. After that, the pair may continue falling inside the downtrend to reach 1.1000.
GBP USD, “Great Britain Pound vs US Dollar”
Pound is consolidating near the top. We think, today, the price may leave this consolidation channel downwards to reach 1.5532. This decline may be considered as the start of a new descending wave with the target at 1.5240.
USD CHF, “US Dollar vs Swiss Franc”
Franc is moving upwards. We think, today, the price may reach 0.9850 and then return to 0.9765. Later, in our opinion, the market may start another growth towards 1.0000.
USD JPY, “US Dollar vs Japanese Yen”
After falling and reaching 123.80, Yen has started forming a structure to return to 125.00. After that, the pair may fall towards 124.40. So far, this trading range may be considered as another consolidation channel.
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AUD USD, “Australian Dollar vs US Dollar”
Being under pressure, Australian Dollar is falling. We think, today, the price may reach the target at 0.7200 and then return to 0.7400.
USD RUB, “US Dollar vs Russian Ruble”
Ruble is consolidating. After breaking the channel downwards, the market may start a new descending wave to reach 61.00 and then test 63.00 from below. Later, in our opinion, the pair may start falling inside the downtrend.
XAU USD, “Gold vs US Dollar”
Gold is forming a correction with the target at 1106. After reaching it, the price may form the fifth structure of this wave towards 1131.
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.
