Analysis for January 13th, 2016
Being under pressure, Eurodollar continues falling. We think, today the price may reach the target at 1.0790 and then return to 1.0880. Later, in our opinion, the market may start forming another descending wave to reach 1.0682.
EUR USD, “Euro vs US Dollar”
GBP USD, “Great Britain Pound vs US Dollar”Pound has extended its descending wave towards the very important target and almost completed it; the pair has formed an ascending impulse, which may turn into a proper correction. We think, today the price may fall and correct this impulse towards 1.4425, and then form the second ascending impulse to break the maximum of the first one. The target of the first wave of the correction is at 1.4570.
USD CHF, “US Dollar vs Swiss Franc”Being under pressure, Franc continues moving upwards. We think, today the price may reach 1.0100 and then return to 0.9970. Later, in our opinion, the market may continue growing towards 1.0190.
USD JPY, “US Dollar vs Japanese Yen”Yen has broken its narrow consolidation channel upwards and may test 118.50 from below. Later, in our opinion, the market may continue falling inside the downtrend towards 115.85 and then start a new correction to return to 117.55.
AUD USD, “Australian Dollar vs US Dollar”Australian Dollar is moving to test 0.7070 from below. Later, in our opinion, the market may continue falling inside the downtrend to reach 0.6900. After that, the pair may consolidate for a while and then continues its decline towards 0.6790.
USD RUB, “US Dollar vs Russian Ruble”Following the oil prices decline, Russian Ruble has reached another new high. We think, today the price may form a wide consolidation range and fall towards 74.40. Later, in our opinion, the market may form another ascending structure with the target at 78.80.
XAU USD, “Gold vs US Dollar”Gold hasn’t been able to continue moving upwards according to an alternative scenario. Right now, the instrument is forming another structure inside the downtrend to reach 1073.85; in fact, it looks like the price is returning inside its consolidation channel. Later, in our opinion, the market may fall to expand this channel downwards to reach 1015.00.
RoboForex Analytical Department
Without authorization, you can view no more than two reviews per day and no more than 10 per month. To continue reading analytical reviews, register or login to your Live Account.