Analysis for October 21st, 2015
EUR USD, “Euro vs US Dollar”
Eurodollar may form the correction towards 1.1400, but this growth may be considered only as an alternative scenario. The main scenario implies that the price may fall to reach the next target at 1.1242 and then test 1.1317 from below.
GBP USD, “Great Britain Pound vs US Dollar”
Pound is consolidating; the pair has fallen to reach 1.5413. After that, the instrument may return to 1.5460. If the price rebounds from this level, it may continue falling towards 1.5320.
USD CHF, “US Dollar vs Swiss Franc”
Franc is moving upwards. We think, today, the price may break the descending channel. The main scenario implies that the pair may start forming another structure to reach the target at 0.9630.
USD JPY, “US Dollar vs Japanese Yen”
Yen has tested 120.00 from below. We think, today, the price may fall towards 119.28 and then form another consolidation channel. After that, the instrument may break the channel downwards and then continue falling to reach 117.00. An alternative scenario suggests that the pair may move upwards to reach 120.50 and after that – continue falling inside the downtrend.
AUD USD, “Australian Dollar vs US Dollar”
Australian Dollar is falling. We think, the price may be corrected towards 0.7070. After that, the instrument may start growing to reach 0.7420.
USD RUB, “US Dollar vs Russian Ruble”
Ruble is moving in the center of its consolidation channel. Considering that the oil prices are falling, the price is expected to grow towards 63.50. After that, the instrument may resume falling to reach the target at 60.00.
XAU USD, “Gold vs US Dollar”
After forming the descending impulse and breaking the ascending channel, Gold is consolidating. The main scenario implies that the price may reach 1155 to test it from above. An alternative scenario suggests that the market may continue growing towards 1198.
RoboForex Analytical Department
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