Article By RoboForex.com
Analysis for September 19th, 2016
EUR USD, “Euro vs US Dollar”
The EUR/USD pair has broken the triangle pattern downwards. We think, today the price may form another consolidation range there. If later the market breaks this range downwards, it may reach 1.1100; if upwards – form another correction towards 1.1212 and then continue falling to reach the target at 1.1100.
GBP USD, “Great Britain Pound vs US Dollar”
The GBP/USD pair has almost reached the target of another descending wave. We think, today the price may be corrected towards 1.3240. Later, in our opinion, the market may continue falling inside the downtrend to reach the local target at 1.2800.
USD CHF, “US Dollar vs Swiss Franc”
The USD/CHF pair has broken its consolidation range upwards. We think, today the price may form another consolidation range near 0.9790. If later the market breaks this range upwards, it may grow to reach 0.9890; if downwards – form another correction with the target at 0.9750.
USD JPY, “US Dollar vs Japanese Yen”
The USD/JPY pair is still consolidating. We think, today the price may fall towards 101.40 and then return to 102.40. After that, the instrument may fall to break 101.00 and then continue falling inside the downtrend to reach the local target at 98.00.
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AUD USD, “Australian Dollar vs US Dollar”
The AUD/USD pair is still consolidating as well; the instrument has already completed the correctional structure and defined the upside border of the range. Later, in our opinion, the market may fall towards the downside border and reach 0.7400.
USD RUB, “US Dollar vs Russian Ruble”
The USD/RUB pair is consolidating above 64.00. We think, today the price may test this level from above and then grow to expand the range upwards to reach 66.00 and then continue falling inside the downtrend with the target at 63.00.
XAU USD, “Gold vs US Dollar”
Gold is forming the fifth structure of the correction; at the moment, the instrument is consolidating. We think, today the price may fall towards 1295 and complete the current descending wave. Later, in our opinion, the market may start growing with the first target at 1322.
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.
