{"id":89309,"date":"2016-05-06T09:02:50","date_gmt":"2016-05-06T13:02:50","guid":{"rendered":"http:\/\/countingpips.com\/?p=89309"},"modified":"2016-05-06T08:04:24","modified_gmt":"2016-05-06T12:04:24","slug":"forex-technical-analysis-06-05-2016-eurusd-gbpusd-usdchf-usdjpy-audusd-usdrub-gold","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2016\/05\/forex-technical-analysis-06-05-2016-eurusd-gbpusd-usdchf-usdjpy-audusd-usdrub-gold\/","title":{"rendered":"Forex Technical Analysis 06.05.2016 (EUR\/USD, GBP\/USD, USD\/CHF, USD\/JPY, AUD\/USD, USD\/RUB, GOLD)"},"content":{"rendered":"
May 6, 2016<\/div>
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Article By RoboForex.com<\/u><\/a><\/strong><\/p>\n

Analysis for May 6th<\/sup>, 2016<\/p>\n

EUR USD, \u201cEuro vs US Dollar\u201d<\/h2>\n

Eurodollar continues forming its descending wave towards 1.1383. After that, the pair may be corrected to return to 1.1497.<\/p>\n

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GBP USD, \u201cGreat Britain Pound vs US Dollar\u201d<\/h2>\n

Pound is consolidating near the lows of its descending structure. If the price breaks this consolidation channel downwards, it may continue falling to reach 1.4300; if upwards \u2013 start a correction with the target at 1.4615.<\/p>\n

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USD CHF, \u201cUS Dollar vs Swiss Franc\u201d<\/h2>\n

Franc has reached its upside target and right now is consolidating. We think, today the price may reach a new high and then start a descending correction to expand the consolidation range towards 0.9545.<\/p>\n

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USD JPY, \u201cUS Dollar vs Japanese Yen\u201d<\/h2>\n

Yen is moving without any particular direction. Possibly, the price may expand its trading range to continue the correction towards 108.40. However, this growth may be considered as an alternative scenario only. The main scenario implies that the market may break the range downwards and continue falling inside the downtrend to reach 104.00.<\/p>

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AUD USD, \u201cAustralian Dollar vs US Dollar\u201d<\/h2>\n

Australian Dollar is falling with the target at 0.7335. After that, the pair may return to the center of the consolidation range at 0.7480 and then continue falling to reach the local target at 0.7220.<\/p>\n

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USD RUB, \u201cUS Dollar vs Russian Ruble\u201d<\/h2>\n

Russian Ruble has completed its descending structure. Later, in our opinion, the market may grow to break 66.70. The market is expected to form a correction towards 69.35.<\/p>\n

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XAU USD, \u201cGold vs US Dollar\u201d<\/h2>\n

Gold is expanding its consolidation channel downwards. We think, today the price may form another descending structure to reach 1265 and then return to 1277.<\/p>\n

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RoboForex Analytical Department<\/strong><\/p>\n

Article By RoboForex.com<\/u><\/a><\/strong><\/p>\n

Attention!<\/strong>
\nForecasts presented in this section only reflect the author\u2019s private opinion and should not be considered as guidance for trading. RoboForex LP bears no responsibility for trading results based on trading recommendations described in these analytical reviews.<\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

Article By RoboForex.com Analysis for May 6th, 2016 EUR USD, \u201cEuro vs US Dollar\u201d Eurodollar continues forming its descending wave towards 1.1383. After that, the pair may be corrected to return to 1.1497. GBP USD, \u201cGreat Britain Pound vs US Dollar\u201d Pound is consolidating near the lows of its descending structure. If the price breaks […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-89309","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/89309","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=89309"}],"version-history":[{"count":1,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/89309\/revisions"}],"predecessor-version":[{"id":89311,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/89309\/revisions\/89311"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=89309"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=89309"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=89309"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}