Analysis for April 6th, 2015
Eurodollar is moving downwards today and may reach the lower border of its consolidation channel. In general, the price is expected to form flag correctional pattern.
EUR USD, “Euro vs US Dollar”
GBP USD, “Great Britain Pound vs US Dollar”Pound is moving upwards today and may reach level of 1.5015. After that, the price may start falling to break its consolidation channel downwards. The target is at level of 1.4400.
USD CHF, “US Dollar vs Swiss Franc”Franc is growing. We think, today the price may continue consolidating and reach level of 0.9865. Probably, the market may form flag correctional pattern.
USD JPY, “US Dollar vs Japanese Yen”After making a descending movement last Friday, Yen is consolidating inside a narrow trading range. This movement may be considered as the fifth wave with the target at level of 117.50. After that, the market may form another ascending wave to reach a new high.
AUD USD, “Australian Dollar vs US Dollar”Australian Dollar is attempting to continue its ascending movement towards level of 0.7728. After that, the price may fall and reach level of 0.7510.
USD RUB, “US Dollar vs Russian Ruble”Ruble is still moving downwards; the main target is at level of 55.00. After reaching it, the pair may return to level of 58.00 and then start another descending movement towards level of 48.00.
XAU USD, “Gold vs US Dollar”The markets are still in the “Easter mode” today. Tomorrow after the market opening, the price is expected to continue falling towards the target at 1113.
RoboForex Analytical Department
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