Article By RoboForex.com
Analysis for November 27th, 2014
EUR USD, “Euro vs US Dollar”
Eurodollar is under pressure and continues moving upwards; the pair has formed a continuation pattern towards level of 1.2488. We think, today the price may test this level from above and then continue growing to reach the target at level of 1.2610.
GBP USD, “Great Britain Pound vs US Dollar”
Pound has broken its consolidation channel upwards. We think, today the price may fall towards the channel’s broken border to test it from above and then continue forming an ascending wave to reach a local target at level of 1.5850. Later, in our opinion, the market may form the fourth structure as a correction towards level of 1.5740 and then the fifth one to reach level of 1.5888.
USD CHF, “US Dollar vs Swiss Franc”
Franc is under pressure and continues moving downwards; the pair has formed a continuation pattern near level of 0.9629. We think, today the price may test the broken level from below and then continue falling towards the main target of this extension at level of 0.9533.
USD JPY, “US Dollar vs Japanese Yen”
Yen is also under pressure and continues falling. We think, today the price may continue this correction towards level of 116.76. Later, in our opinion, the market may resume moving upwards to reach a new maximum.
Free Reports:
Get Our Free Metatrader 4 Indicators - Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter
Get our Weekly Commitment of Traders Reports - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.
AUD USD, “Australian Dollar vs US Dollar”
Australian Dollar has completed its descending movement and formed an ascending impulse. We think, today the price may correct this impulse and reach level of 0.8530. Later, in our opinion, the market may start forming another ascending wave with the target at level of 0.8727.
USD RUB, “US Dollar vs Russian Ruble”
Ruble has formed a continuation pattern near level of 45.93 and reached its target. Later, in our opinion, the market may form another descending wave with the target at level of 43.60.
XAU USD, “Gold vs US Dollar”
Gold is still moving downwards inside a consolidation channel. We think, today the price may continue falling and forming this consolidation channel. Possibly, it may test level of 1180. Later, in our opinion, the market may continue growing to reach a local target at 1235.
RoboForex Analytical Department
Article By RoboForex.com
Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex LP bears no responsibility for trading results based on trading recommendations described in these analytical reviews.
