Analysis for October 1st, 2015
EUR USD, “Euro vs US Dollar”
Eurodollar is moving according to the main scenario to reach 1.1000. Possibly, the price may try to rebound from the lower border of triangle consolidation pattern and grow towards 1.1300 (an alternative scenario). After that, the market may continue falling inside the downtrend to reach 1.1000.
GBP USD, “Great Britain Pound vs US Dollar”
Pound has broken 1.5167 and continues moving downwards. The entire structure may be considered as the part of to continue the downtrend. The local target of this wave is at 1.4660. We think, today, the price may reach 1.5040 and test 1.5167 from below. After that, the market may resume falling inside the downtrend. This weave is the third one and it may continue without corrections.
USD CHF, “US Dollar vs Swiss Franc”
Francis growing. The main scenario implies that the price is expected to reach .09870. An alternative scenario suggests that the pair may form another descending structure to reach 0.9658 and then continue growing towards 0.9870.
USD JPY, “US Dollar vs Japanese Yen”
Yen is forming another ascending structure towards 120.62 to test the upper border of triangle
consolidation pattern again. Later, in our opinion, the market may fall towards the lower. If the price breaks the border, it may continue falling inside the downtrend to reach 115.00.
AUD USD, “Australian Dollar vs US Dollar”
Australian Dollar is being corrected towards 0.7076. After that, the market may continue falling inside the downtrend to reach the next target at 0.6840.
USD RUB, “US Dollar vs Russian Ruble”
Ruble is moving downwards to reach 64.50. After that, the market may return to 67.00 and continue falling to reach the local target at 60.00.
XAU USD, “Gold vs US Dollar”
Being under pressure, Gold continues falling; it is forming the extension towards 1130. Possibly, after reaching the local target at 1111, the price may return to 1130 to test it from below. Later, in our opinion, the market may form one more descending structure towards 1105 and then form a reversal pattern to start another growth to reach 1160.
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.