Forex Technical Analysis 01.10.2015 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD)

1 October, 2015

EUR USD, “Euro vs US Dollar”

Eurodollar is moving according to the main scenario to reach 1.1000. Possibly, the price may try to rebound from the lower border of triangle consolidation pattern and grow towards 1.1300 (an alternative scenario). After that, the market may continue falling inside the downtrend to reach 1.1000.

GBP USD, “Great Britain Pound vs US Dollar”

Pound has broken 1.5167 and continues moving downwards. The entire structure may be considered as the part of to continue the downtrend. The local target of this wave is at 1.4660. We think, today, the price may reach 1.5040 and test 1.5167 from below. After that, the market may resume falling inside the downtrend. This weave is the third one and it may continue without corrections.

USD CHF, “US Dollar vs Swiss Franc”

Francis growing. The main scenario implies that the price is expected to reach .09870. An alternative scenario suggests that the pair may form another descending structure to reach 0.9658 and then continue growing towards 0.9870.

USD JPY, “US Dollar vs Japanese Yen”

Yen is forming another ascending structure towards 120.62 to test the upper border of triangle consolidation pattern again. Later, in our opinion, the market may fall towards the lower. If the price breaks the border, it may continue falling inside the downtrend to reach 115.00.

AUD USD, “Australian Dollar vs US Dollar”

Australian Dollar is being corrected towards 0.7076. After that, the market may continue falling inside the downtrend to reach the next target at 0.6840.

USD RUB, “US Dollar vs Russian Ruble”

Ruble is moving downwards to reach 64.50. After that, the market may return to 67.00 and continue falling to reach the local target at 60.00.

XAU USD, “Gold vs US Dollar”

Being under pressure, Gold continues falling; it is forming the extension towards 1130. Possibly, after reaching the local target at 1111, the price may return to 1130 to test it from below. Later, in our opinion, the market may form one more descending structure towards 1105 and then form a reversal pattern to start another growth to reach 1160.

RoboForex Analytical Department


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Eurodollar has almost reached the target of its ascending wave. We think, today, the price may continue forming its consolidation channel at the top of this ascending structure. Possibly, the pair may reach 1.0997...

Forex Technical Analysis for 28.12.2015

Eurodollar is still forming an ascending structure, which may be considered as the fourth correctional one inside the descending wave. We think, today, the price may complete the current growth by reaching 1.0997 and then start falling to form the fifth structure with the target at 1.0752...

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The euro dollar currency is trading with a decline today. The channel of the fourth component of growth is breaking through. The next step is the fifth with a target at the level of 1.0752. Next, we consider the possibility of the correction returning to the level of 1.0900...


Forex Technical Analysis for 22.12.2015

Eurodollar has almost completed the correction. We think, today, the price may form another descending structure to reach 1.0752 and then return to 1.0900...

Murrey Math Lines for 21.12.2015

Eurodollar is consolidating close to Super Trends, which may soon form bearish cross to confirm a new decline of the price. The closest target is at the 0/8 level. If later the par breaks this level, it may continue falling much deeper...

Forex Technical Analysis for 18.12.2015

Eurodollar has expanded its trading range downwards and returned to the center of the channel. We think, today, the price may be corrected towards 1.0914 to test it from below and the form another descending wave with the target at 1.0742...


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After finishing the wave [a], the pair has started a new local correction. Earlier, the price completed the descending impulse in the wave 3 or C. Later, Eurodollar may complete the wave [b] and start forming the ascending impulse in the wave [c] of 4...

Forex Technical Analysis for 16.12.2015

Eurodollar has finished another descending structure to expand its consolidation channel downwards. We think, today, the price may return to 1.0984. Later, in our opinion, the market may rebound from this level and continue falling inside the downtrend towards 1.0770...

Forex Technical Analysis for 15.12.2015

Eurodollar is expanding its consolidation channel upwards. We think, today, the price may prefer to move according to an alternative scenario and grow to reach 1.1068. Later, in our opinion, the market may fall and expand the channel downwards to reach 1.0925...

  


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