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Forex Technical Analysis 19.08.2015 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD)

Analysis for August 19th, 2015

EUR USD, “Euro vs US Dollar”

Eurodollar is forming the correction towards 1.1070. After that, the pair may fall to reach 1.1000 and then start a higher correction towards 1.1100.

GBP USD, “Great Britain Pound vs US Dollar”

Pound has reached the minimum target of the correction and tested 1.5650 from above. We think, today, the price may grow to reach 1.5753 and then return to 1.5660.

USD CHF, “US Dollar vs Swiss Franc”

Franc is still consolidating. We think, today, the price may continue growing and break this consolidation channel upwards. An alternative scenario suggests that the market may break it downwards and continue the correction towards 0.9680. After that, the market may resume moving upwards to reach 1.0000.

USD JPY, “US Dollar vs Japanese Yen”

Yen is still forming the consolidation channel. If the market breaks this channel downwards – the current correction may continue towards 123.00; if upwards – it may grow to reach the main target at 125.40.

AUD USD, “Australian Dollar vs US Dollar”

Australian Dollar has left triangle pattern downwards and expanded its consolidation channel. We think, today, the price may test 0.7350 from below, break the minimum, and then continue falling to reach 0.7220.  After that, the market may return to 0.7350. An alternative scenario suggests that the market may break the channel upwards, reach 0.7450, and then return to 0.7350.

USD RUB, “US Dollar vs Russian Ruble”

Ruble is moving upwards. We think, today, the price may return to 65.00. After that, when the oil market reaches new lows, the pair is expected to grow towards 66.10 and then fall to reach 63.00.

XAU USD, “Gold vs US Dollar”

Gold is moving upwards and may leave its consolidation channel. We think, today, the price may reach 1131 and then stat another descending correction towards 1106. After reaching it, the price may form a new ascending wave towards 1161.

RoboForex Analytical Department

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