Analysis for April 13th, 2015
After Friday’s descending movement, Eurodollar hasn’t been able to reverse and form an impulse for a correction. We think, today the price may continue forming its consolidation channel as a downside continuation pattern. The next target is at level of 1.0320.
EUR USD, “Euro vs US Dollar”
GBP USD, “Great Britain Pound vs US Dollar”Pound is still forming its descending structure. We think, today the price may reach level of 1.4500 and then form a correction to return to level of 1.4750. Later, in our opinion, the pair may continue falling towards the main target at 1.4400.
USD CHF, “US Dollar vs Swiss Franc”Franc is forming an ascending structure with the target at level of 0.9925. We think, today, the price may consolidate to break level of 0.9800 and form an upside continuation pattern.
USD JPY, “US Dollar vs Japanese Yen”Yen has reached the target of the third ascending wave of flag pattern. We think, today the price may fall inside the fourth wave and reach level of 119.70 at least. Later, in our opinion, the pair may grow again to reach level of 121.00.
AUD USD, “Australian Dollar vs US Dollar”Australian Dollar has completed another descending impulse. The pair is forming a descending structure with the target at level of 0.7510. After reaching it, the pair may start a higher correction.
USD RUB, “US Dollar vs Russian Ruble”Ruble is still falling. We think, today the price may reach its local target at 48.50. Possibly, the pair may return to level of 54.50. After that, the pair may resume falling towards the above-mentioned target.
XAU USD, “Gold vs US Dollar”Gold has completed a descending impulse and corrected it. We think, today the price may continue forming this descending wave with the target at level of 1168.50. Later, in our opinion, the market may consolidate and then continue falling towards level of 1113.00.
RoboForex Analytical Department
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