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Forex Technical Analysis 09.04.2015 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD)

Analysis for April 9th, 2015

EUR USD, “Euro vs US Dollar”

Eurodollar is still falling; the pair has broken its consolidation channel downwards. We think, today the price may form a descending wave to reach level of 1.0660 and then return to level of 1.0830.




GBP USD, “Great Britain Pound vs US Dollar”

Pound is forming another descending structure. We think, today the price may reach level of 1.4776 and then return to the center of this consolidation channel at 1.4875. Later, if the channel is broken downwards, the downtrend may continue towards level of 1.4400; if upwards – form a correction to reach level of 1.5015.




USD CHF, “US Dollar vs Swiss Franc”

Franc is still growing. We think, today, the price may reach level of 0.9789 and then test level of 0.9630 from above, thus defining the borders of a new consolidation channel. If the channel is broken upwards, the price may continue growing towards level of 0.9900; if downwards – reach level of 0.9250.




USD JPY, “US Dollar vs Japanese Yen”

Yen is forming flag correctional pattern. We think, today the price may continue growing to reach level of 120.60 and then fall towards level of 119.05. After that, the market may form the fifth structure of flag with the target at level of 121.00.




AUD USD, “Australian Dollar vs US Dollar”

Australian Dollar is still moving inside an ascending structure towards level of 0.7730. After reaching it, the pair may return to level of 0.7630, thus defining the borders of a new consolidation channel. If the channel is broken upwards, the price may grow towards level of 0.7930; if downwards – reach a new low at level of 0.7510.




USD RUB, “US Dollar vs Russian Ruble”

Ruble continues falling. We think, today the price may reach level of 52.00 and then return to level of 54.00. After that, the pair may fall to reach the local target of this wave at level of 48.00.




XAU USD, “Gold vs US Dollar”

Gold has completed another descending impulse. We think, today the price may form a correction to return to level of 1205. After that, the market may continue falling towards level of 1168. The main target of this descending wave is at level of 1113.
 



RoboForex Analytical Department


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