Article By RoboForex.com
Analysis for November 24th, 2015
EUR USD, “Euro vs US Dollar”
After reaching new lows, Eurodollar has started consolidating. We think, today, the price may continue falling towards 1.0500 and then test 1.0654 from below. After that, the instrument may resume falling inside the downtrend to reach 1.0300.
GBP USD, “Great Britain Pound vs US Dollar”
Pound has reached another low and right now is consolidating. We think, today, the price may test 1.5172 from below once again and then continue falling inside the downtrend to reach 1.5098. After that, the instrument may be corrected towards 1.5172 and then continue moving downwards to reach 1.5000. An alternative scenario implies that the market may be corrected a bit higher, up to 1.5255.
USD CHF, “US Dollar vs Swiss Franc”
After reaching new highs, Franc continues consolidating. We think, today, the price may reach 1.0235 and then fall towards 1.0100. After that, the instrument may continue growing inside the uptrend to reach 1.0380.
USD JPY, “US Dollar vs Japanese Yen”
Yen has returned to the lower border of its consolidation channel. If the channel is broken downwards, the price may continue the correction to reach 122.00 and then form the fifth wave towards 125.35. This growth may be considered as an alternative scenario only. The main scenario, which suggests that the pair may continue falling towards 115.00, may come true at any moment.
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AUD USD, “Australian Dollar vs US Dollar”
Australian Dollar has reached the target to expand its consolidation channel upwards and tested the broken border from above. We think, today, the price may form another consolidation channel, break it upwards, and reach 0.7300. An alternative scenario implies that the market may expand the channel downwards to reach 0.7122 and then form another consolidation channel.
USD RUB, “US Dollar vs Russian Ruble”
Ruble is moving downwards to reach 64.00. The main scenario suggests that the pair may break the minimum of the first impulse and continue forming this descending wave towards 65.82. After that, the instrument may test 64.80 from below.
XAU USD, “Gold vs US Dollar”
Gold is moving inside another descending structure and forming a narrow consolidation channel. The main scenario suggests that the price may continue falling to reach 1056.00 and then test 1072.50 from below. After that, the instrument may continue falling inside the downtrend towards 1015.00.
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.
