Market was opened with gap down and Euro expanded its consolidation channel downwards. Instrument continues forming descending correction, flag pattern, with target at level of 1.3750. Structure of the pattern will help us to define future scenario.
GBP/USD
Market was opened with gap down; Pound is forming the second descending impulse. It looks like market is forming correction towards level of 1.6640. Structure of this correction will help us to define future scenario.
USD/CHF
Franc is still consolidating. We think, today price may form correction as flag pattern and return to level of 0.8840. Structure of the pattern will help us to define future scenario.
USD/JPY
Yen is still consolidating; market completed continuation pattern. We think, today price may break minimum and fall down towards level of 100.00. Alternative scenario implies that pair may try to break consolidation channel upwards and complete current correction at level of 103.00. Later, in our opinion, instrument may continue moving downwards.
AUD/USD
Australian is forming descending impulse. We think, today price may reach level of 0.9340 and then return to level of 0.9330. This structure may be considered as head & shoulders reversal pattern. Later, in our opinion, instrument may continue falling down towards level of 0.9150.
Market was opened with gap up. Ruble continues moving upwards; we can see head & shoulders reversal pattern. We think, today price may reach the first target at level of 36.20 and then fall down towards level of 35.75.
XAU/USD
Gold is still consolidating near level of 1322; this structure may be considered as continuation pattern. We think, today price may move upwards to reach target at level of 1357. Alternative scenario implies that instrument may expand this consolidation channel downwards as correction towards 1295 and then grow up towards level of 1357.
RoboForex Analytical Department