Article By RoboForex.com
Analysis for October 30th , 2015
EUR USD, “Euro vs US Dollar”
Eurodollar has returned to 1.1000 to test it from below. We think, today, the price may break the channel of this correction and then continue falling inside the downtrend towards the next downside target at 1.0750. An alternative scenario implies that the pair may extend this correction towards 1.1200 and then continue moving downwards.
GBP USD, “Great Britain Pound vs US Dollar”
Pound has reached the target of its correction. We think, today, the price may form another descending wave to reach 1.5165. An alternative scenario implies that the pair may extend this growth towards 1.5390 and then continue falling inside the downtrend.
USD CHF, “US Dollar vs Swiss Franc”
Franc has returned to 0.9886. We think, today, the price may move upwards to reach the next target at 1.0042. An alternative scenario implies that the pair may fall towards 0.9833 and then continue growing towards the above-mentioned target.
USD JPY, “US Dollar vs Japanese Yen”
Yen attempted one more time to reach a new high and right now is rebounding downwards. This structure may be considered as double top. After that, the instrument may fall to break the minimum of this range. The downside target is at 118.80.
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AUD USD, “Australian Dollar vs US Dollar”
Australian Dollar is forming the ascending impulse to expand the consolidation channel upwards. We think, today, the price may reach 0.7189 to test it from below and then start another descending structure with the target at 0.7015.
USD RUB, “US Dollar vs Russian Ruble”
Ruble has formed the descending impulse and corrected it. We think, today, the price may form another descending impulse with the target at 61.30. After reaching it, the pair may test 63.50 from below and then start a new decline with the target at 60.00.
XAU USD, “Gold vs US Dollar”
Being under pressure, Gold is falling. We think, today, the price may extend this structure towards 1136.23 and then return to 1159.00 to test it from below. After that, the instrument may start another decline to reach 1125.00. An alternative scenario implies that the market may return to 1159.00 at once, without reaching any new lows.
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.
