Analysis for October 6th, 2015
EUR USD, “Euro vs US Dollar”
Eurodollar is falling to reach the target at 1.1133. On its way towards the target, the price may reach 1.1110 and then return to 1.1250. After that, the market may continue falling towards the above-mentioned target. Later, in our opinion, the instrument may form another ascending structure to reach 1.1323. However, this growth may be only considered as an alternative to the main downtrend towards 1.1000.
GBP USD, “Great Britain Pound vs US Dollar”
Pound is forming another descending structure. Possibly, the price may complete the wave with the target at 1.5026 and then test 1.5161 from below. Later, in our opinion, the instrument may continue falling inside the downtrend. The local target of this wave is at 1.4660.
USD CHF, “US Dollar vs Swiss Franc”
Franc is forming a narrow consolidation channel around 0.9752. We think, today, the price may grow to reach 0.9820 and then test 0.9750 from above. After that, the market may continue growing inside the uptrend to reach the target at 0.9870.
USD JPY, “US Dollar vs Japanese Yen”
Yen has broken 120.14 and may continue growing towards 121.40. However, this is an alternative scenario. The main one implies that the price may fall to break 119.50 and then continue moving downwards to reach the next target at 118.25.
AUD USD, “Australian Dollar vs US Dollar”
Australian Dollar has reached the local target of its correctional ascending structure. We think, today, the price may fall towards 0.7040 and then form another ascending structure to reach 0.8189. After that, the market may return to 0.7064.
USD RUB, “US Dollar vs Russian Ruble”
Ruble is forming another descending wave; the pair is about to break 64.50. Possibly, today the price may consolidate around this level and then continue falling to reach 62.50. After that, the market may return to test 64.50 from below and then continue moving downwards to reach the next target at 60.00.
XAU USD, “Gold vs US Dollar”
Gold is still consolidating at the top of its ascending impulse. We think, today, the price may break this channel upwards and continue growing towards the target at 1160. If the channel is broken downwards, the market may the correction to reach 1122. Later, in our opinion, the market may continue moving upwards to reach the above-mentioned target.
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.