Article By RoboForex.com
Analysis for November 28th, 2016
EUR USD, “Euro vs US Dollar”
The EUR/USD pair has extended the second ascending impulse and formed a continuation pattern at 1.0597. We think, today the price may be corrected to the above-mentioned level as the fourth structure. Later, in our opinion, the market may form the fifth one to reach 1.0700.
GBP USD, “Great Britain Pound vs US Dollar”
The GBP/USD pair is still moving in the center of the consolidation range. In fact, the instrument is being corrected. We think, today the price may reach 1.2444 and then grow towards 1.2592.
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USD CHF, “US Dollar vs Swiss Franc”
The USD/CHF pair is extending the third structure. We think, today the price may return to 1.0133. Later, in our opinion, the market may form the fifth structure with the target at 1.0070 and then form another correction to reach 1.0133.
USD JPY, “US Dollar vs Japanese Yen”
The USD/JPY pair is falling. Possibly, today the market may return to 112.53 and then fall towards 111.10. After that, the instrument may be corrected with the target at 112.50.
AUD USD, “Australian Dollar vs US Dollar”
The AUD/USD pair is forming the third ascending wave with the target at 0.7500. Later, in our opinion, the market may return to 0.7430 and then start growing towards 0.7550. The entire structure may be considered as a correctional one.
USD RUB, “US Dollar vs Russian Ruble”
The USD/RUB pair is trying to form the five-wave structure with the target at 65.00. Later, in our opinion, the market may continue falling to reach 63.63. After breaking it, the instrument may move downwards to reach 61.75.
XAU USD, “Gold vs US Dollar”
Gold is forming another ascending structure to return to 1212. After that, the instrument may be corrected towards 1190 and then resume growing with the target at 1236.
BRENT
Brent has completed the correction at 47.57. We think, today the price may grow towards 49.00 and then form another descending structure to reach 47.25. After that, the instrument may start growing with the target at 51.50 (at least).
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.
