Forex Technical Analysis 17.11.2016 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD, BRENT)
17.11.2016
Analysis for November 17th, 2016
EUR USD, “Euro vs US Dollar”
The EUR/USD pair has broken the consolidation range downwards and may continue falling to reach 1.0620. After that, the instrument may test 1.0715 from below and then continue moving downwards with the target at 1.0600.
GBP USD, “Great Britain Pound vs US Dollar”
Being under pressure, the GBP/USD pair is moving downwards. Possibly, the price may grow to reach 1.2525. After that, the instrument may fall to break the range downwards. The local target is at 1.2230.
USD CHF, “US Dollar vs Swiss Franc”
Being under pressure, the USD/CHF pair is moving upwards. We think, today the price may reach 1.0120 and then start another correction with the target at 0.9900.
USD JPY, “US Dollar vs Japanese Yen”
The USD/JPY pair has completed the descending impulse and the correction, thus forming another consolidation range. If later the market breaks this range to the upside, it may grow with the target at 110.63; if to the downside – continue the correction towards 106.00.
AUD USD, “Australian Dollar vs US Dollar”
The AUD/USD pair has broken the consolidation range downwards and may continue falling towards 0.7415. Later, in our opinion, the market may be corrected with the target at 0.7575.
USD RUB, “US Dollar vs Russian Ruble”
The USD/RUB pair is moving in the center of the descending wave. We think, today the price may fall towards 63.63. After that, the instrument may return to 65.00.
XAU USD, “Gold vs US Dollar”
Gold is consolidating in the center of the range. We think, today the price may grow towards 1236 and then reach a new low at 1208. Later, in our opinion, the market may start another growth with the target at 1273.
BRENT
Being under pressure, Brent is moving downwards. If later the market breaks this range to the downside, it may be corrected towards 46.15. After that, the instrument may grow with the target at 49.65.
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.