Forex Technical Analysis & Forecast 12.10.2017 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD, BRENT)

12.10.2017

EUR USD, “Euro vs US Dollar”

The EUR/USD pair has reached 1.1870 and right now is still moving upwards. Possibly, the price may extend this growth to reach the upside border of the Expanding Triangle pattern. If later the instrument rebounds from this border, the market may fall towards 1.1650, break it, and then continue moving downwards with the target at 1.1450.

 

GBP USD, “Great Britain Pound vs US Dollar”

The GBP/USD pair has broken its consolidation channel to the upside. We think, today the price may continue growing towards 1.3320. Later, in our opinion, the market may fall to reach 1.2920.

 

USD CHF, “US Dollar vs Swiss Franc”

The USD/CHF pair has broken its consolidation range downwards. Possibly, today the price may reach 0.9700. After that, the instrument may start growing towards the target at 0.9850.

 

USD JPY, “US Dollar vs Japanese Yen”

The USD/JPY pair is still consolidating in the center of the range. We think, today the price may break the downside border and continue falling to reach 111.38.

 

AUD USD, “Australian Dollar vs US Dollar”

The AUD/USD pair has reached the target of the ascending wave. Possibly, today the price may start forming another descending structure with the target at 0.7780.

 

USD RUB, “US Dollar vs Russian Ruble”

The USD/RUB pair is falling towards 57.30. We think, today the price may test 57.75 and then fall inside the downtrend to reach 56.55.

 

XAU USD, “Gold vs US Dollar”

Gold is trading to break the consolidation range to the upside. Possibly, the price may grow towards 1311 and then start falling to reach 1260.

 

BRENT

Brent is consolidating around 56.40. Possibly, the price may continue growing to reach 57.30 Later, in our opinion, the market may break this level and continue moving upwards with the target at 59.50.

 

RoboForex Analytical Department

 

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.

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