Analysis for November 11th, 2016
The EUR/USD pair is still consolidating. We think, today the price may reach 1.0935. If later the market breaks this range to the downside, it may fall to reach 1.0800; if upwards – start another correction with the target at 1.1000.
EUR USD, “Euro vs US Dollar”
Being under pressure, the GBP/USD pair is growing towards the target at 1.2600. After that, the instrument may resume falling inside the downtrend to reach 1.2060.
GBP USD, “Great Britain Pound vs US Dollar”
The USD/CHF pair is still consolidating. If later the price breaks this range to the upside, it may continue growing to reach 1.0000; if downwards – start another correction with the target at 0.9785.
USD CHF, “US Dollar vs Swiss Franc”
The USD/JPY pair may choose an alternative scenario and continue growing towards 108.70. However, such scenario may start “plummeting” at any moment. The main target is at 96.00.
USD JPY, “US Dollar vs Japanese Yen”
The AUD/USD pair is forming another consolidation range to break the low of the first descending wave. We think, today the price may reach 0.7532 and then return to 0.7584. After breaking the range downwards, the market is expected to reach the local target at 0.7425.
AUD USD, “Australian Dollar vs US Dollar”
The USD/RUB pair has broken its consolidation range upwards and may form the third wave with the target at 65.27. Possibly, today the price may test 64.06 from above. Later, in our opinion, the market may continue growing to reach the local target.
USD RUB, “US Dollar vs Russian Ruble”
Gold continues consolidating around 1272. If later the price breaks this consolidation range downwards, it may extend this wave up to 1208; if upwards – grow to reach 1291.
XAU USD, “Gold vs US Dollar”
Brent is still consolidating as well. If later the price breaks this consolidation range to the upside, it may grow to reach 48.50; if to the downside – fall with the target at 43.00.
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.