Analysis for July 26th, 2016
The EUR/USD pair is moving to test 1.1011 from below. Later, in our opinion, the market may fall towards 1.0937 and then test 1.1000 from below once again. After that, the pair may continue falling inside the downtrend to reach 1.0840.
EUR USD, “Euro vs US Dollar”
GBP USD, “Great Britain Pound vs US Dollar”The GBP/USD pair is consolidating above 1.3090. We think, today the price may break this level downwards and continue falling to reach 1.2788. Later, in our opinion, the market may return to 1.3100 to test it from below.
USD CHF, “US Dollar vs Swiss Franc”The USD/CHF pair is consolidating. We think, today the price may grow to reach 0.9930. After that, the pair may return to 0.9800 and then continue growing to reach 1.0000.
USD JPY, “US Dollar vs Japanese Yen”The USD/JPY pair has broken 105.35 downwards; the target of this structure is at 104.04. After that, the pair may test 105.35 from below and then continue falling with the target at 103.00.
AUD USD, “Australian Dollar vs US Dollar”The AUD/USD pair has expanded its consolidation range upwards. In fact, the price may be corrected towards 0.7575 and then continue falling inside the downtrend to reach the local target at 0.7300.
USD RUB, “US Dollar vs Russian Ruble”The USD/RUB pair is being corrected upwards with the target at 65.65. Possibly, today the price may test 64.80 from above and then grow to reach the local target at 67.67. After that, the pair may fall to return to 65.65 and then move upwards to reach the target at 69.00.
XAU USD, “Gold vs US Dollar”Gold is consolidating above 1313. The main scenario implies that the price may grow towards 1383. An alternative one suggests that it may fall to reach 1292. Later, in our opinion, the market may continue growing inside the uptrend to reach the next target at 1425.
RoboForex Analytical Department
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