Analysis for November 23rd, 2016
EUR USD, “Euro vs US Dollar”
The EUR/USD pair is forming the third ascending impulse. We think, today the price may reach 1.0680 and then fall towards 1.0623. Later, after breaking the top of this wave, the market may start another correctional wave with the target at 1.0886.
GBP USD, “Great Britain Pound vs US Dollar”
Being under pressure, the GBP/USD pair is falling. We think, today the price may reach 1.2345 and then form another consolidation range. After breaking it to the downside, the instrument may continue falling to reach 1.22.
USD CHF, “US Dollar vs Swiss Franc”
The USD/CHF pair attempted to expand its consolidation range to the upside. Right now, the price is falling and expanding the range to the downside. Possibly, the market may form the first correctional wave downwards with the target at 0.9983.
USD JPY, “US Dollar vs Japanese Yen”
The USD/JPY pair is rebounding from the upside border of the consolidation range. We think, today the price may fall towards the downside border and break it. Later, in our opinion, the market may continue falling with the first target at 108.70.
AUD USD, “Australian Dollar vs US Dollar”
The AUD/USD pair has completed the first ascending wave, which may be considered as a correctional one. Possibly, today the price may fall to reach 0.7376.
USD RUB, “US Dollar vs Russian Ruble”
The USD/RUB pair is consolidating. We think, today the price may test 64.40 from below. After that, the instrument may continue falling with the target at 62.80.
XAU USD, “Gold vs US Dollar”
Gold is forming the third ascending impulse. We think, today the price may reach 1222. Later, in our opinion, the market may return to 1212 and then continue growing towards 1236.
Brent is forming another wave with the target at 53.50 and right now is consolidating. Possibly, today the price may break this range to the upside and then continue growing to reach the above-mentioned target.
RoboForex Analytical Department