Analysis for October 27th , 2015
EUR USD, “Euro vs US Dollar”
Eurodollar is trying to form a correction; the pair has formed two ascending impulses. We think, today, the price may form another impulse towards 1.1090. However, this growth is just an alternative. The main scenario suggests that the pair may continue falling inside the downtrend to reach 1.0980.
GBP USD, “Great Britain Pound vs US Dollar”
Pound has only completed two impulses of the correction and right now the pair is falling again, being under pressure. Possibly, the price may form another ascending impulse towards 1.5389 and then fall again to return to 1.5250. The main scenario suggests that the market may continue falling inside the downtrend with the target at 1.4660.
USD CHF, “US Dollar vs Swiss Franc”
Franc is still consolidating. If later the price breaks this consolidation upwards, it may reach 0.9870; if downwards – form a correction with the target at 0.9795. The main scenario suggests that the pair may continue moving inside the uptrend.
USD JPY, “US Dollar vs Japanese Yen”
Yen has broken the ascending channel downwards. The target of this descending wave is at 119.78. After reaching it, the pair may return to 120.64 to test it from below and then continue falling inside the downtrend towards 115.00.
AUD USD, “Australian Dollar vs US Dollar”
Australian Dollar is consolidating. We think, today, the price may fall towards 0.7183 and then form another ascending structure to reach 0.7398. After that, the instrument may be corrected towards 0.7168 (at least).
USD RUB, “US Dollar vs Russian Ruble”
Being under pressure, Ruble is moving upwards. Possibly, the price may reach 64.50 and then start another decline to reach the local target at 60.00. After that, the instrument may return to 64.50.
XAU USD, “Gold vs US Dollar”
Gold is still consolidating. We think, today, the price may break this range downwards to reach 1155 and then continue growing towards 1200. After that, the instrument may return to 1155.
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.