Cookies help us deliver our services. By using our services, you agree to our use of cookies.
Learn more Got it
Dakar 2017
Roboforex is an official sponsor
of "Starikovich-Heskes Team"
at the Dakar 2017
Home / Analytics / Forex analysis & forecasts / Forex Technical analysis and forecasts / Forex Technical Analysis 05.10.2016 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD, BRENT)
Ask a question
Did not find the information you need? Ask your questions and get answers online!
Enter chat
Or enter your phone number in the form below and we will call you right away.
Call back




Forex Technical Analysis 05.10.2016 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD, BRENT)

05.10.2016

Analysis for October 5th, 2016

EUR USD, “Euro vs US Dollar”

Being influenced by the news related to the closing of QE programs, the EUR/USD pair has formed a strong ascending impulse from 1.1140. An alternative scenario implies that the price may continue moving upwards to reach 1.1260. If later the price forms another consolidation channel there and breaks it upwards, the market may reach 1.1350. However, this news is just rumors so far, and if it is not confirmed today, the instrument is expected to move according to the main scenario – continue falling inside the downtrend to reach 1.1100.




GBP USD, “Great Britain Pound vs US Dollar”

The GBP/USD pair has reached the local target of its descending wave. Right now, the price is extending the wave to the downside towards the main target, which is at 1.2650.




USD CHF, “US Dollar vs Swiss Franc”

The USD/CHF pair has reached its local target at 0.9800 and right now is consolidating to rebound from 0.9760. Possibly, the price may rebound from this level once again and then continue growing towards 0.9880. An alternative scenario implies that the market may fall to return to 0.9700.




USD JPY, “US Dollar vs Japanese Yen”

The USD/JPY pair is being corrected in the consolidation range at the top of its ascending wave. We think, today the price may continue consolidating. Later, in our opinion, the market may break the range downwards and then continue falling inside the downtrend 101.00.




AUD USD, “Australian Dollar vs US Dollar”

The AUD/USD pair is rebounding from 0.7640. In fact, the price has formed another consolidation range in the form of the diamond pattern. According to the main scenario, the market is expected to break the range downwards and then continue falling with the target at 0.7500.




USD RUB, “US Dollar vs Russian Ruble”

The USD/RUB pair is consolidating. If later the market breaks this consolidation range upwards, it may be corrected to reach 63.45; if downwards – continue falling inside the downtrend with the target at 61.04.




XAU USD, “Gold vs US Dollar”

Gold has broken the triangle pattern downwards and almost reached the target of the descending wave. So far, the market is under pressure and still falling. We think, today the price form another consolidation range at the current lows. If later the instrument breaks this consolidation range upwards, it may return to 1310; if downwards – expand the range towards 1260.




BRENT

Being under pressure, Brent is growing, forming consolidating rages, breaking them upwards, and then growing again. The local target is at 52.77. Later, in our opinion, the market may be corrected towards 49.50 and then continue growing to reach 53.50.



 
RoboForex Analytical Department

Dear reader!

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.

Attention!

Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.