Fibonacci Retracements Analysis 10.11.2014 (EUR/USD, USD/CHF)

November 10, 2014

Analysis for November 10th, 2014

EUR USD, “Euro vs US Dollar”

Eurodollar has started a correction. The first target level is a local retracement 38.6%. If the price rebounds from it and from the upper border of its descending channel, the market may resume falling towards the group of lower fibo-levels.

At the H1 chart, possibly the pair may start forming flat quite soon. Later, after the price rebounds from a possible target of this correction, I’m planning to open an additional sell order. I’m planning to record the profit when the market rebounds from the lower targets.

USD CHF, “US Dollar vs Swiss Franc”

Franc is also forming a correction, the target of which is at retracement 50%. If later the price rebounds from this level, the market will continue moving inside the main uptrend towards the upper targets.

Probably, at the H1 chart the market may later start consolidating. Local retracements confirm that the current correction may finish at retracement 50%. After the pair rebounds from it, I’m planning to open an additional buy order.

RoboForex Analytical Department

Publication source
RoboForex information  RoboForex reviews

October 26, 2016
Greenback is powered by Fed rate expectations
On Wednesday, the US dollar was backed by hopes that American interest rates will edge up by the year-end. It stood flat during Asia trade, just below a nine-month high reached overnight, while the Australian dollar earned as inflation data doused the probability of a rate drop there...
October 26, 2016
Rising rate hike odds push Dollar
The Greenback extended its rally to a nine-month high against other major peers against the rising bets of a FED tightening in December. As rumors are circling the next US leader saying that they will shift the stimulus burden from FED via changes in the fiscal policy...
October 26, 2016
Gold futures edged higher on Tuesday
The XAU/USD pair traded flat on Tuesday. The price remained between 1270 and 1260 dollars per ounce during the day. Gold prices struggled to find support around 1260. Sellers failed to break the level and the yellow metal bounced upwards and recovered to the upper boundary of the range...

FBS Rating
FIBO Group Rating
FxPro Rating
FXCM Rating
HotForex Rating
FXTM Rating

Porter Finance Rating
EZTrader Rating
Banc De Binary Rating
Beeoptions Rating
TopOption Rating
24option Rating