Forex Technical Analysis 25.09.2015 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD)
25.09.2015
Analysis for September 25th, 2015
EUR USD, “Euro vs US Dollar”
Eurodollar has completed the correction and today continues falling inside the downtrend. The downside target is at 1.1000. Right now, the pair is forming the fifth structure towards the above-mentioned target. We think, today, the price may reach 1.1140, return to 1.1200, and the fall again towards 1.1080. After that, the market may test 1.1140 from below and then continue falling towards the target. The range is rather wide, but the pair is moving inside the downtrend and all possible corrections are expected to be quite short.
GBP USD, “Great Britain Pound vs US Dollar”
Pound is forming another descending wave with the target at 1.4660. We think, today, the price may form the first half of this wave towards 1.5161. After that, the market may start the correction to reach 1.5400 and then fall again towards 1.5161.
USD CHF, “US Dollar vs Swiss Franc”
Franc has completed the correction and right now continues forming the ascending wave with the target at 0.9870. After that, the market may form a consolidation channel, break it upwards, and then continue moving inside the uptrend with the target at 1.0200.
USD JPY, “US Dollar vs Japanese Yen”
Yen is attempting to form the ascending structure towards the upper border of triangle consolidation pattern. We think, today, the price may rebound from the border and then continue falling inside the downtrend to reach 115.00.
AUD USD, “Australian Dollar vs US Dollar”
Australian Dollar is trying to form flag correctional pattern towards the previous descending wave. We think, today, the price may reach 0.7078, test 0.7030 from above, and then form another structure to reach the target of the pattern at 0.7200. After that, the market may continue falling to break lows.
USD RUB, “US Dollar vs Russian Ruble”
Ruble is still moving in the center of its consolidation channel. The main scenario implies that the price may continue falling to break its lows and reach the first target at 62.00. After that, the market may test 64.50 from below and then continue falling towards 60.00.
XAU USD, “Gold vs US Dollar”
Gold is forming another ascending structure. We think, today, the price may test 1141.88 from above and then form one more ascending structure towards 1160.60. This will be just a half of the third ascending wave. The main target is at 1220.00.
RoboForex Analytical Department
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Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.