Analysis for November 24th, 2016
The EUR/USD pair hasn’t been able to form another ascending impulse. The instrument has broken 1.0600 and right now consolidating around 10.550. This structure may be considered as a downside continuation pattern. The next target is at 1.0444.
EUR USD, “Euro vs US Dollar”
The GBP/USD pair has formed another ascending impulse, which may be considered as a correction. We think, today the price may fall to reach 1.2345. After breaking it to the downside, the instrument may form the third descending wave towards 1.2222.
GBP USD, “Great Britain Pound vs US Dollar”
The USD/CHF pair is still growing. Possibly, the market may form the ascending wave with the target at 1.0300.
USD CHF, “US Dollar vs Swiss Franc”
The USD/JPY pair has broken the consolidation range to the upside and right now is still growing towards 114.20. Later, in our opinion, the market may return to 112.50.
USD JPY, “US Dollar vs Japanese Yen”
The AUD/USD pair has completed the descending structure towards 0.7375. Taking into account that the USD continues strengthening, the pair may fall to reach 0.7314. Later, the price may reach 0.7160.
AUD USD, “Australian Dollar vs US Dollar”
The USD/RUB pair is trying to form the five-wave structure with the target at 65.00. After that, the instrument may continue falling to reach 63.63.
USD RUB, “US Dollar vs Russian Ruble”
Gold and Brent aren’t trading today due to Thanksgiving Day in the USA.
XAU USD, “Gold vs US Dollar”; BRENT
RoboForex Analytical Department
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