Analysis for February 12th, 2015
Eurodollar is still moving inside a narrow consolidation range. The main scenario remains the same – the price may continue falling inside the downtrend to reach level of 1.1000.
EUR USD, “Euro vs US Dollar”
GBP USD, “Great Britain Pound vs US Dollar”Pound is forming another consolidation range above level of 1.5190; this structure may reach level of 1.5400. After that, the price may start falling again to reach level of 1.5190 and then form the fifth ascending wave with the target at level of 1.5430. Later, the market is expected to continue falling inside the downtrend.
USD CHF, “US Dollar vs Swiss Franc”Franc is still moving inside a narrow consolidation range without any particular direction. We think, today the price may reach a new top again, and then form a descending wave with the target at level of 0.8830.
USD JPY, “US Dollar vs Japanese Yen”Yen is still moving inside an ascending structure. We think, today the price may grow to reach level of 120.50, form a reversal pattern, break the ascending channel, and return to level of 118.20.
AUD USD, “Australian Dollar vs US Dollar”Australian Dollar is still moving downwards. We think, today the price may reach the local target at level of 0.7570. After that, the pair may start forming a new correction inside the fourth wave.
USD RUB, “US Dollar vs Russian Ruble”Ruble is still moving inside a narrow consolidation range in the form of triangle pattern. We think, today the price may break the lower border and fall towards level of 63.00. After that, the market is expected to form another consolidation channel, which may be considered as a downside continuation pattern. The local target at level of 57.00.
XAU USD, “Gold vs US Dollar”Gold is still falling to reach level of 1210. After that, the price may start a new correction and reach level of 1248. Later, in our opinion, the market may continue falling inside the downtrend. The next target is at level of 1190.
RoboForex Analytical Department
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