Analysis for November 9th, 2015
EUR USD, “Euro vs US Dollar”
Eurodollar is trying to rebound. Possibly, today the price may test 1.0864 and then continue falling inside the downtrend. The next target is at 1.0609. The local downside target of this wave is at 1.0500. After that, the instrument may start a higher correction towards 1.1000 and then continue moving downwards to reach 1.0300. Probably, the latter level may be reached without any corrections.
GBP USD, “Great Britain Pound vs US Dollar”
Pound is trying to return to 1.5106. After reaching it, the pair may fall towards 1.4991 and then test 1.5165 from below. After that, the instrument may continue falling inside the downtrend. The next target is at 1.4848.
USD CHF, “US Dollar vs Swiss Franc”
Franc is trying to return to 1.0000. After that, the instrument may grow towards the next target at 1.0128 and then return to 1.0000 once again. Later, in our opinion, the market may start another growth to reach 1.0198.
USD JPY, “US Dollar vs Japanese Yen”
Yen has reached its local upside target. We think, today, the price may be corrected towards 121.36 to test it from above and then complete this wave by growing and reaching 124.79. After that, the instrument may continue falling inside the downtrend to reach 115.00.
AUD USD, “Australian Dollar vs US Dollar”
Australian Dollar is moving inside the downtrend towards the target at 0.7000. After that, the instrument may grow to reach 0.7211 and then return to 0.7107.
USD RUB, “US Dollar vs Russian Ruble”
Ruble is growing towards 65.50. After reaching it, the pair may return to 64.20 and then complete this ascending structure by moving upwards and reaching 65.80. Later, in our opinion, the market may start falling towards 60.00.
XAU USD, “Gold vs US Dollar”
Gold is falling with the target at 1062.50. We think, today, the price may reach 1077.30, return to 1108.00, and then continue falling towards the above-mentioned target. After that, the instrument may form a higher correction to test 1140.00 from below. Later, in our opinion, the downtrend may continue to reach 1015.00.
RoboForex Analytical Department