Article By RoboForex.com
Analysis for September 23rd, 2016
Being under pressure, the EUR/USD pair is falling. We think, today the price may form the first descending impulse with the target at 1.1175. Later, in our opinion, the market may be corrected towards 1.1215 and then continue falling to reach 1.1130.
GBP USD, “Great Britain Pound vs US Dollar”
The GBP/USD pair is forming the first descending impulse with the target at 1.3000. After that, the instrument may be corrected towards 1.3060 and then continue falling to reach 1.2900.
USD CHF, “US Dollar vs Swiss Franc”
Being under pressure, the USD/CHF pair is growing towards 0.9730. After that, the instrument may be corrected with the target at 0.9695 and then continue moving upwards to reach 0.9797.
USD JPY, “US Dollar vs Japanese Yen”
The USD/JPY pair is forming another descending wave. We think, today the price may reach 100.00 and then test 100.50 from below. Later, in our opinion, the market may continue falling inside the downtrend with the target at 99.00.
AUD USD, “Australian Dollar vs US Dollar”
The AUD/USD pair is consolidating. We think, today the price may fall to break the ascending channel. The market is expected to form the first descending structure with the target at 0.7551. After that, the instrument may be corrected to reach 0.7600.
USD RUB, “US Dollar vs Russian Ruble”
The USD/RUB pair is expected to grow to reach 64.00 or even extend this structure towards 64.81. Later, according to the main scenario, the market may continue falling inside the downtrend to reach 63.00. However, an alternative scenario suggests that the instrument may continue the current correction towards 66.00.
XAU USD, “Gold vs US Dollar”
Gold is forming another descending impulse. We think, today the price may finish the first wave at 1318.55 and then start a new correction with the target at 1328.00. After that, the instrument may form another descending structure with the local target at 1305.00.
Being under pressure, Brent is moving downwards. After breaking the ascending channel, the price may fall towards 46.60 or even extend this structure towards 45.00 and complete this descending wave. Later, in our opinion, the market may grow towards the upside border of the triangle pattern. The main upside target is at 52.20.
RoboForex Analytical Department
Article By RoboForex.com
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex LP bears no responsibility for trading results based on trading recommendations described in these analytical reviews.