Forex Technical Analysis for 19.10.2015

October 19, 2015

EUR USD, “Euro vs US Dollar”

Eurodollar is consolidating; the current decline may be considered as the correction with the target at 1.1300, at least. After that, the instrument may return to 1.1400 and then continue falling to reach 1.1140. An alternative scenario suggests that the pair may form the fifth structure of flag pattern towards 1.150 and then continue moving downwards.

GBP USD, “Great Britain Pound vs US Dollar”

Pound is consolidating as well; this channel may be considered as the start of the correction towards 1.5320. We think, today, the price may reach a new low and then continue falling inside the correction. Later (an alternative scenario), the pair may form another ascending structure towards 1.5550 and then continue falling inside the downtrend to break 1.5160.

USD CHF, “US Dollar vs Swiss Franc”

Franc is also consolidating; this channel may be considered as the start of the correction to return to 0.9630. Later (an alternative scenario), the pair may form another ascending structure towards 0.9420 and then continue growing inside the uptrend to reach 0.9870.

USD JPY, “US Dollar vs Japanese Yen”

Yen has returned to 119.50. Possibly, the price may reach 120.00. After that, the instrument may continue moving inside the downtrend. The next target is at 117.00.

AUD USD, “Australian Dollar vs US Dollar”

Australian Dollar is still consolidating inside triangle pattern. We think, today, the price may fall to reach 0.7170 (at least) or even continue this correction towards 0.7070.

USD RUB, “US Dollar vs Russian Ruble”

Ruble continues forming the third descending wave with the target at 60.00. After reaching it, the price may start the correction towards 64.50 and then continue falling to reach the target at 57.00.

XAU USD, “Gold vs US Dollar”

Gold is moving to break the previous ascending structure. We think, today, the price may form the correction to reach 1163.90 and then grow towards 1198.50. After that, the instrument may return to 1155.00 and then grow to reach 1220.00. This entire growth may be considered as an alternative to scenario to continue the correction.  The main scenario remains the same – the market is expected to continue falling inside the downtrend.

RoboForex Analytical Department

Publication source
RoboForex information  RoboForex reviews

February 23, 2017
U.S. dollar muted to Fed minutes
The U.S. dollar index was flat yesterday after the Federal Reserve published the meeting minutes from the January 31 -February 1 monetary policy meeting...
February 23, 2017
Will the UK go through a migration shock?
The plan successfully passed through the upper chamber and is now going to the committee stage where it’s likely to be amended to warrant better relations with the EU...
February 23, 2017
The euro is under pressure amid growing concerns
The single currency regained a minor portion of its losses in the Asian session on Wednesday. The pair was able to reach 1.0550. However, the selling pressure around the euro remained unchanged pushing the spot to fresh lows...

Grand Capital Rating
Exness Rating
Vantage FX Rating
FX Giants Rating
FxPro Rating
 FXTM Rating

Dragon Options Rating
OptionRally Rating
365BinaryOption Rating
24option Rating
EZTrader Rating
Binary.com Rating