Analysis for August 26th, 2015
Eurodollar has formed two descending impulses and right now is forming the third one with the target at 1.16. After that, the pair may return to 1.1575, thus forming a new consolidation channel. If later the market breaks this channel upwards – it may continue growing towards 1.2200; if downwards – continue falling inside the downtrend to reach 1.1236.
EUR USD, “Euro vs US Dollar”
GBP USD, “Great Britain Pound vs US Dollar”Pound hasn’t reached the target of its ascending wave. We think, today, the price may reach 1.5824 and then fall inside the downtrend towards 1.5240.
USD CHF, “US Dollar vs Swiss Franc”Franc has formed two ascending impulses and today may form the third one with the target at 0.9552. After that, the pair may continue falling inside the downtrend to reach 0.9200.
USD JPY, “US Dollar vs Japanese Yen”Yen has also formed two ascending impulses and today may form the third one with the target at 120.74. After that, the pair may continue falling inside the downtrend to reach 115.00.
AUD USD, “Australian Dollar vs US Dollar”Australian Dollar hasn’t been able to stay inside its consolidation range and right now is forming another descending impulse. The market is expected to form a new consolidation channel near 0.7143. After breaking it downwards, the pair may continue falling to reach 0.6950.
USD RUB, “US Dollar vs Russian Ruble”Ruble continues “monitoring” the oil prices. We think, today, the price may continue forming a descending impulse towards 63.00. After that, the pair may form a downside continuation pattern and start the first wave with the target at 61.00.
XAU USD, “Gold vs US Dollar”Gold has broken its ascending channel and right now is consolidating near 1139.00. The market is expected to break this consolidation range downwards to start a new correction towards 1123.32. After that, the price may test 1139.85 from below and then continue falling towards 1110.48.
RoboForex Analytical Department
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