Analysis for July 10th, 2015
Eurodollar is trying to strengthen, but the previous stricture may be considered only as a correction. We think, today, the price may reach level of 1.1176 and then start forming another descending wave with the target at level of 1.0807.
EUR USD, “Euro vs US Dollar”
GBP USD, “Great Britain Pound vs US Dollar”Pound has been able to form only one ascending impulse and right now is forming the second. We think, today, the price may form an ascending correction towards level of 1.5508 to test it from below. After that, the market may continue falling to reach level of 1.5244.
USD CHF, “US Dollar vs Swiss Franc”Franc is still consolidating. The main scenario implies that the price may grow to reach the target at level of 0.9545; an alternative one – test the lower border of the trading range. After that, the price may continue growing to reach the above-mentioned target, form a correction towards level of 0.9348, and then move upwards again to reach level of 0.9632.
USD JPY, “US Dollar vs Japanese Yen”Yen is forming an ascending correction towards level of 122.40 to test it from below. After that, the price may fall towards level of 119.00 and then form another correction to return to level of 122.40.
AUD USD, “Australian Dollar vs US Dollar”Australian Dollar is forming an ascending impulse towards level of 0.7505. After that, the market is expected to fall and reach level of 0.7278, thus completing this descending wave. Later, in our opinion, the market may a higher correction.
USD RUB, “US Dollar vs Russian Ruble”Ruble has rebounded from the border of its ascending channel and right now is growing. The target of this growth is at level of 58.50. After that, the pair may start forming a descending wave with the target at level of 52.50.
XAU USD, “Gold vs US Dollar”Gold is consolidating. We think, today, the price may break this consolidation channel upwards and reach level of 1173 to test it from below. After that, the market may continue falling towards level of 1140 and then start another ascending movement to return to level of 1173.
RoboForex Analytical Department
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