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Forex Technical Analysis 01.04.2015 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD)

Analysis for April 1st, 2015

EUR USD, “Euro vs US Dollar”

Eurodollar is forming a descending wave with the target at level of 1.0650. We think, today the price may return to level of 1.0833 as the fourth structure of this wave. After that, the pair may form the fifth structure to reach the above-mentioned target.




GBP USD, “Great Britain Pound vs US Dollar”

Pound is still consolidating and may form triangle pattern. We think, today the price may grow towards level of 1.5025 and then continue falling to reach level of 1.4400.




USD CHF, “US Dollar vs Swiss Franc”

Franc hasn’t been able to continue an ascending structure and is still consolidating at the top of the first ascending impulse. We think, today the price may expand this consolidation channel upwards and continue the current correction towards level of 0.9820.




USD JPY, “US Dollar vs Japanese Yen”

Yen is forming a descending impulse. We think, today the price may reach level of 119.20 and then return to level of 119.70. Later, in our opinion, the market may continue forming a descending wave with the target at level of 117.50.




AUD USD, “Australian Dollar vs US Dollar”

Australian Dollar is still moving inside a descending channel towards the target at level of 0.7510. Possibly, the pair may return to level of 0.7735. After that, the price may fall to reach the above-mentioned target and then return to level of 0.7927.




USD RUB, “US Dollar vs Russian Ruble”

Ruble is still consolidating below level of 58.50. We think, today the price may test this level from below and then fall towards the lower border of its consolidation channel and reach level of 55.00. Later, in our opinion, the market may return to level of 58.00.




XAU USD, “Gold vs US Dollar”

Gold continues forming a consolidation range. We think, today the price may fall to reach level of 1167 and then form a correction to return to level of 1192. Later, in our opinion, the market may continue falling and forming a descending wave with the target at level of 1113.



 
RoboForex Analytical Department

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