Forex Technical Analysis & Forecast 24.10.2017 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD, BRENT)

24.10.2017

EUR USD, “Euro vs US Dollar”

The EUR/USD pair has completed another descending wave and right now is being corrected with the target at 1.1800. After that, the instrument may resume falling to reach the local target is at 1.1650.

EURUSD

 

GBP USD, “Great Britain Pound vs US Dollar”

The GBP/USD pair has reached the target of the correction and right now is consolidating. If later the instrument breaks this range to the downside, the market may form another descending wave to reach 1.3008; if to the upside – continue growing with the target at 1.3298.

GBPUSD

 

USD CHF, “US Dollar vs Swiss Franc”

The USD/CHF pair is still consolidating above 0.9837. Possibly, today the price may grow to reach the local target at 0.9940. Later, in our opinion, the market may start another correction with the target at 0.9840.

USDCHF

 

USD JPY, “US Dollar vs Japanese Yen”

The USD/JPY pair is being corrected towards 113.17. After that, the instrument may grow to reach 115.00 and then start another correction with the target at 111.24.

USDJPY

 

AUD USD, “Australian Dollar vs US Dollar”

The AUD/USD pair has broken its consolidation range to the downside and right now is consolidating around 0.7815. We think, today the price may continue falling inside the downtrend to reach the local target at 0.7748.

AUDUSD

 

USD RUB, “US Dollar vs Russian Ruble”

The USD/RUB pair is trading below 57.54 and may continue the correction to reach 57.86. Later, in our opinion, the market may continue falling inside the downtrend towards the local target at 56.65.

USDRUB

 

XAU USD, “Gold vs US Dollar”

Gold is still consolidating around 1289. Possibly, today the price may return to 1289 to test it from below. After that, the instrument may continue falling with the target at 1252.

GOLD

 

BRENT

Brent is trading above 57.00. According to the main scenario, today the price may grow towards 58.30, break it, and then continue moving inside the uptrend to reach 59.50. An alternative scenario implies that the instrument may fall to reach 56.30 first and then start another growth to reach 59.50.

 BRENT

 

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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