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Forex Technical Analysis & Forecast 10.11.2017 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD, BRENT)

EUR USD, “Euro vs US Dollar”

The EUR/USD pair is about to complete the ascending structure with the target at 1.1666 and finish the correction. Later, in our opinion, the market may trade to the downside and reach 1.1530.

EURUSD

 

GBP USD, “Great Britain Pound vs US Dollar”

The GBP/USD pair is forming the fifth correctional structure. The target is at 1.3194. After that, the instrument may resume 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. We think, today the price may grow towards 0.9975 and then form another descending structure to reach 0.9915 to complete the correction. After that, the instrument may start another growth towards 1.0100.

USDCHF

 

USD JPY, “US Dollar vs Japanese Yen”

The USD/JPY pair is forming the fifth correctional structure. Possibly, the price may reach 113.03. Later, in our opinion, the market may resume growing inside the uptrend to reach 115.00 and finish the ascending wave.

USDJPY

 

AUD USD, “Australian Dollar vs US Dollar”

The AUD/USD pair is consolidating near the lows. Possibly, today the price may grow to reach 0.7700 and then fall towards 0.7615. After that, the instrument may resume growing with the first target at 0.7700.

AUDUSD

 

USD RUB, “US Dollar vs Russian Ruble”

The USD/RUB pair is trading above 58.60 and may continue forming this ascending wave. The local target is at 60.21. To confirm this scenario, the market has to fall toward 58.58 to test it from above and then grow to break the upside border of the range. After that, the instrument may start another correction to return to 58.58.

USDRUB

 

XAU USD, “Gold vs US Dollar”

Gold is consolidating around 1279. We think, today the price may move downwards to reach 1279, break it, and then continue falling towards 1267. An alternative main scenario implies that the instrument may break the range upwards and continue the correction to reach 1295. Later, in our opinion, the market may start another decline with the target at 1250.

GOLD

 

BRENT

Brent is consolidating around 63.80. If later the instrument breaks this range to the upside, the market may grow towards 65.65; if to the downside – continue the correction to reach 60.60.

BRENT

 

RoboForex Analytical Department

 



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