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Forex Technical Analysis & Forecast 23.10.2017 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD, BRENT)

EUR USD, “Euro vs US Dollar”

The EUR/USD pair is consolidating and forming another descending structure to reach 1.1724. Possibly, today the price may reach the above-mentioned level and then start a new correction towards 1.1801. After that, the instrument may resume falling to break 1.1724. The local target is at 1.1650.

UERUSD

 

GBP USD, “Great Britain Pound vs US Dollar”

The GBP/USD pair has completed the descending wave and right now is being corrected towards 1.3214. Later, in our opinion, the market may fall to reach 1.3000, test 1.3115 from below, and then continue falling inside the downtrend with the target at 1.2820.

GBPUSD

 

USD CHF, “US Dollar vs Swiss Franc”

The market was opened with the gap this morning and the USD/CHF pair broke 0.9836 upwards. Possibly, the price may grow to reach 0.9837 and then start consolidating. If later the instrument breaks this range to the upside, the market may reach 0.9930; if to the downside – start another correction with the target at 0.9768.

USDCHF

 

USD JPY, “US Dollar vs Japanese Yen”

The USD/JPY pair has chosen an alternative scenario and right now is forming another ascending wave. We think, today the price may test 113.17 and then form another ascending structure to reach 115.00. After that, the instrument may fall with the target at 111.24.

USDJPY

 

AUD USD, “Australian Dollar vs US Dollar”

The AUD/USD pair has broken its consolidation range to the downside. Possibly, the price may fall and form the fifth wave to reach 0.7707. The local target is at 0.7749.

AUDUSD

 

USD RUB, “US Dollar vs Russian Ruble”

The USD/RUB pair is trading below 57.54 and may continue the correction to reach 57.86. Later, in our opinion, the market may continue falling inside the downtrend towards the local target at 56.65.

USDRUB

 

XAU USD, “Gold vs US Dollar”

Gold has broken 1279.60 downwards. Possibly, today the price may fall to break 1268.40 and then continue falling with the target at 1253.00.

GOLD

 

BRENT

Brent is forming another ascending structure. We think, today the price may grow to break 58.26. the local upside target is at 59.00. After that, the instrument may be corrected towards 57.40 and then start another growth to reach 59.50.

BRENT

 

RoboForex Analytical Department

 



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