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Forex Technical Analysis & Forecast 08.11.2017 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD, BRENT)

EUR USD, “Euro vs US Dollar”

The EUR/USD pair has updated the low of the descending wave once again and right now is being corrected. We think, today the price may rebound from 1.1600 to the downside. The target is at 1.1530. Later, in our opinion, the market may start another correction towards 1.1700.

EURUSD

 

GBP USD, “Great Britain Pound vs US Dollar”

The GBP/USD pair is trading to rebound from 1.3111 to the upside. Possibly, the price may form the fifth correctional structure towards 1.3194. After that, the instrument may continue falling to reach 1.3000.

GBPUSD

 

USD CHF, “US Dollar vs Swiss Franc”

The USD/CHF pair is still consolidating in the middle of the range without any particular direction. We think, today the price may grow to break 1.0035. The target is at 1.0100. After that, the instrument may start another correction towards 0.9888.

USDCHF

 

USD JPY, “US Dollar vs Japanese Yen”

The USD/JPY pair is still consolidating. According to the main scenario, the price may grow inside the uptrend to reach 115.00 and then start another decline towards the first target at 112.70.

USDJPY

 

AUD USD, “Australian Dollar vs US Dollar”

The AUD/USD pair is trading to the downside. Possibly, today the price may reach the target at 0.7615. Later, in our opinion, the market may start another correction to reach 0.7754.

AUDUSD

 

USD RUB, “US Dollar vs Russian Ruble”

The USD/RUB pair is forming a wide consolidation range at the top of the ascending wave. According to the main scenario, the price may fall to reach 58.00 (at least). After that, the instrument may grow and form the fifth correctional structure towards 59.40 and then resume falling with the target at 56.55.

USDRUB

 

XAU USD, “Gold vs US Dollar”

Gold is still consolidating around 1277. We think, today the price may continue falling towards 1250 and then start another correction with the target at 1298.

GOLD

 

BRENT

Brent has formed another consolidation range at the top and broken it downwards. Possibly, today the price may fall towards 63.00. Later, in our opinion, the market may resume growing to reach 65.75 and then start another correction with the target at 60.00.

BRENT

 

RoboForex Analytical Department

 



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