Analysis for October 3rd, 2016
The EUR/USD pair has finished the ascending impulse and right now is moving in the consolidation range. We think, today the price may continue falling inside the downtrend with the target at 1.1187 and then form another consolidation range. Later, in our opinion, the market may break the range downwards to reach 1.1120.
EUR USD, “Euro vs US Dollar”
GBP USD, “Great Britain Pound vs US Dollar”The market has been opened with a gap down; the GBP/USD pair is forming another structure of the descending wave. The price is expected to reach the target at 1.2800. After that, the instrument may be corrected to return to 1.2935.
USD CHF, “US Dollar vs Swiss Franc”The USD/CHF pair is forming another ascending impulse. We think, today the price may form the fifth structure with the target at 0.9763. Later, in our opinion, the market may be corrected towards 0.9700 and then form a new ascending wave towards 0.9940.
USD JPY, “US Dollar vs Japanese Yen”The USD/JPY pair is moving according to an alternative scenario, which suggests that the market may form the fifth correctional wave. Possibly, the price may reach 101.87. After that, the instrument may continue falling to break 100.00. The next local target is at 98.00.
AUD USD, “Australian Dollar vs US Dollar”The AUD/USD pair is forming the first descending structure with the target at 0.7567. Later, in our opinion, the market may be corrected towards 0.7635 and then continue falling inside the downtrend to reach 0.7500.
USD RUB, “US Dollar vs Russian Ruble”Being under pressure, the USD/RUB pair is falling. We think, today the price may reach 62.42 and then return to 63.45. After that, the instrument may continue moving downwards to reach 61.06.
XAU USD, “Gold vs US Dollar”Being under pressure, Gold is falling; it has already broken another consolidation range downwards and may reach the local target at 1297.40. After that, the instrument may be corrected towards 1319.00 and then fall to reach 1295, thus finishing this descending wave.
BRENTBrent is consolidating. If later the market breaks this consolidation range downwards, it may be corrected with the target at 48.00; if upwards – continue growing to reach the local target at 52.75.
RoboForex Analytical Department
Without authorization, you can view no more than two reviews per day and no more than 10 per month. To continue reading analytical reviews, register or login to your Members Area.