Analysis for July 1st, 2015
Eurodollar has eliminated the gap and almost completed its correctional structure. We think, today, the price may start another descending movement towards level of 1.1090 and then return to level of 1.1185. After that, the pair may continue falling to reach level of 1.0930.
EUR USD, “Euro vs US Dollar”
GBP USD, “Great Britain Pound vs US Dollar”Pound has tried to expand its consolidation channel both downwards and upwards. We think, today, the price may expand it downwards again, to reach level of 1.5560 and then form another ascending structure with the target at level of 1.5940. After that, the market may continue falling inside the downtrend.
USD CHF, “US Dollar vs Swiss Franc”Franc is forming another ascending impulse. We think, today, the price may reach level of 0.9446 and then fall towards level of 0.9348. Later, in our opinion, the market may start moving upwards again with the target at level of 0.9545.
USD JPY, “US Dollar vs Japanese Yen”Yen is still consolidating. We think, today, the price may break the minimum and continue falling towards level of 120.80. Later, in our opinion, the market may return to level of 122.64 to test it from below and then form another descending structure to reach level of 119.50.
AUD USD, “Australian Dollar vs US Dollar”Australian Dollar has returned to level of 0.7711. We think, today, the price may form another descending structure towards level of 0.7567 and then return to level of 0.7670. Later, in our opinion, the market may fall again to reach level of 0.7500.
USD RUB, “US Dollar vs Russian Ruble”Ruble continues moving upwards to reach level of 55.50. After that, the pair may consolidate and form a correction towards level of 54.00. Later, in our opinion, the market may break this channel upwards and continue growing to reach level of 58.50.
XAU USD, “Gold vs US Dollar”Gold is still falling towards level of 1150. After reaching it, the price may grow towards level of 1172 and then continue falling with the target at level of 1140.
RoboForex Analytical Department
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