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Home / Analytics / Forex analysis & forecasts / Forex Technical analysis and forecasts / Forex Technical Analysis 15.11.2016 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD, BRENT)
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Forex Technical Analysis 15.11.2016 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD, BRENT)

15.11.2016

Analysis for November 15th, 2016

EUR USD, “Euro vs US Dollar”

The EUR/USD pair has reached the target of its descending wave and started forming a new ascending impulse with the target at 1.0800. After that, the instrument may fall to reach 1.0750, thus forming another consolidation range. If later the market breaks this range to the upside, the correction may continue to reach 1.0900; if to the downside – continue falling inside the downtrend with the target at 1.0650.




GBP USD, “Great Britain Pound vs US Dollar”

The GBP/USD pair has reached the target of the first descending structure. We think, today the price may grow towards 1.2564. After that, the instrument may fall to break 1.2400. The main target of the correction is at 1.2600.




USD CHF, “US Dollar vs Swiss Franc”


The USD/CHF pair has reached the target of its ascending structure and right now is forming the descending impulse towards 0.9940. After that, the instrument may return to 0.9970, thus forming another consolidation range. If later the market breaks this range to the upside, the uptrend may continue to reach 1.0100; if to the downside – fall with the target at 0.9890.




USD JPY, “US Dollar vs Japanese Yen”

The USD/JPY pair has is consolidating. If later the market breaks this range to the downside, it may be corrected towards 106.96; if upwards – start another growth with the target at 108.70.




AUD USD, “Australian Dollar vs US Dollar”

The AUD/USD pair is consolidating in the center of the range. We think, today the price may reach 0.7580. Later, in our opinion, the market may move downwards to break the low and continue falling inside the downtrend to reach the local target at 0.7425.




USD RUB, “US Dollar vs Russian Ruble”

Being under pressure, the USD/RUB pair is moving downwards. Possibly, the price may form another correctional wave towards 63.64.




XAU USD, “Gold vs US Dollar”

Gold may start another correction to reach 1242.10. Later, in our opinion, the market may fall towards 1208.30.




BRENT

Brent is forming the ascending impulse towards 46.66. After that, the instrument may fall to reach 45.50, thus forming another consolidation range. If later the market breaks this range to the upside, it may continue growing to reach 51.25; if to the downside – continue the correction towards 40.50.



 
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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.