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Forex Technical Analysis 21.04.2015 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD)

Analysis for April 21st, 2015

EUR USD, “Euro vs US Dollar”

Eurodollar has broken its ascending channel. We think, today the price may continue forming another descending structure to reach a new low. The target is at level of 1.0507.




GBP USD, “Great Britain Pound vs US Dollar”

Pound has broken its ascending channel and right now is moving downwards. We think, today the price may continue falling towards its local target at level of 1.4500.




USD CHF, “US Dollar vs Swiss Franc”

Franc has broken its descending channel. We think, today the price may form an ascending structure to reach level of 0.9686 at least. Later, in our opinion, the market may fall towards 0.9570 and then form another ascending wave with the target at level of 0.9930.




USD JPY, “US Dollar vs Japanese Yen”

Yen has broken its descending channel and right now is moving upwards. We think, today the price may reach level of 119.70 or even 119.10 (as a correction). After that, the market may grow to break level of 120.00 and then continue growing towards level of 121.00.




AUD USD, “Australian Dollar vs US Dollar”

Australian Dollar has broken its ascending channel and right now is falling. The main target is at level of 0.7510. We think, today the price may reach level of 0.7653 and then return to level of 0.7745. After that, the pair may continue falling inside the downtrend.




USD RUB, “US Dollar vs Russian Ruble”

Ruble is still forming an ascending wave, which may be considered as a technical correction. Possibly, the price may reach level of 54.00. After that, the market may form another descending structure to reach level of 46.00.




XAU USD, “Gold vs US Dollar”

In case of Gold, we can see some signs of double top pattern; the market has broken the pattern downwards. We think, today the price may continue falling inside the downtrend and reach level of 1168.



 
RoboForex Analytical Department

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