Get No Deposit Bonus Get No Deposit Bonus

 

 

Forex Technical Analysis 14.10.2016 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD, BRENT)

14 october 2016 - Fx4News
Forex Technical Analysis 14.10.2016 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD, BRENT)

  Analysis for October 14th, 2016

EUR USD, “Euro vs US Dollar”

The EUR/USD pair is forming the third descending wave. The local target is at 1.0963. After that, the instrument may be corrected upwards to reach 1.1083 and then continue falling to reach the target of this wave at 1.0885.

 




GBP USD, “Great Britain Pound vs US Dollar”

The GBP/USD pair has completed another consolidation range and right now is forming the fifth structure of the flag correctional pattern. The price may break the range downwards and reach 1.2065. After that, the instrument may start growing towards 1.2630 and then continue falling inside the downtrend to reach a new low at 1.1474.

 




USD CHF, “US Dollar vs Swiss Franc”

The USD/CHF pair has finished the correction with the target at 0.9861. We think, today the price may grow to reach 0.9940, and this is just a half of the third ascending wave. Later, in our opinion, the market may form another consolidation range, break it upwards, and then continue growing inside the uptrend with the target at 1.0300.

 




USD JPY, “US Dollar vs Japanese Yen”

The USD/JPY pair has returned to 104.10 again. After that, the instrument may fall to break 103.50. The local target is at 102.95.

 




AUD USD, “Australian Dollar vs US Dollar”

The AUD/USD pair has completed its technical correction. We think, the price may start forming another descending wave with the local target at 0.7450.

 




USD RUB, “US Dollar vs Russian Ruble”

The USD/RUB pair has finished the second ascending impulse along with the correction. We think, today the price may form another ascending structure towards 63.60 or even extend it up to 64.00. After that, the instrument may continue falling with the target at 61.30.

 




XAU USD, “Gold vs US Dollar”

Gold has broken the flag correctional pattern and right now is moving upwards in the consolidation channel. We think, today the price may grow to reach 1265, and this is just a half of this structure. Later, in our opinion, the market may break the channel upwards and continue growing with the target is at 1280.




BRENT

Brent is growing. We think, today the price may reach 53.00 and then return to 52.15, thus forming another consolidation range. If later the market breaks this range upwards, it may reach 54.64; if downwards – continue the current correction up to 50.50.




 
RoboForex Analytical Department

Forex analitiks

<a data-cke-saved-href="https://www.instaforex.org/" href="https://www.instaforex.org/">Forex Portal</a>