This website uses cookies
We use cookies to target and personalize content and ads, to provide social media features and to analyse our traffic. We also share information about your use of our site with our social media, advertising (including NextRoll Inc.) and analytics partners who may combine it with other information that you've provided to them and that they've collected from your use of their services. You consent to our cookies if you continue to use this website. Learn more
Market Analysis & Forecasts
Fibonacci Retracements Analysis 01.10.2013 (EUR/USD, USD/CHF)
01.10.2013
Analysis for October 1st, 2013
EUR/USD
The EUR/USD currency pair broke the maximum and I moved the stop on my buy order into the black. Most likely, in the nearest future the bulls will start a new ascending movement towards the target area, which is formed by three fibo-levels.
At the H1 chart, the market is being corrected. There is a possibility that the predicted targets may be reached on Tuesday.
USD/CHF
Franc rebounded from the target area. Take Profit on my sell order worked and right now I’m staying out of the market. Most likely, during the next several weeks the price will form a correction.
At the H1 chart, the price rebounded from the upper border of the target area, missing the temporary fibo-zones a little bit. The first target for the bulls is at the local correctional level of 61.8%.
RoboForex Analytical Department
Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.