Technical analyst forecasts and the euro against the dollar today 03.11.2016
Currency, the euro dollar fulfilled range extension down the reversal pattern, and news background expanded range up. Calculated goal blocked. But the structure of this growth today suggests a correction to return to level of 1.1057. And then consider another alternative growth patterns to 1.1290. Then - continued trend downwards, to perfect the level 1.0770.
Currency pair pound against the US dollar has fulfilled the purpose of the growth wave. Today the market is trading consolidation band. Momentum to reduce until it has the potential to turn the trend down. Consider only correct at least to the level of 1.4277, as a maximum - to 1.4115. Next, consider the possibility of another structure at a maximum update. Then -. Continuation of wave decline to the level of 1.3750 Currency pair usd chf extended range of up to news and background worked down the expansion. Today we consider the correction to return to level of 0.9933. Then we do not exclude and decline to 0.9776. Then -. Increase to the level of 1.0200 Currency pair yen dollar strayed down from the upper boundary. We consider the possibility of mining the level of 111.88. While the market continues to grow, we do not exclude the possibility of expanding the range of consolidation as a correction to the level of 116.00. But all this growth is quite questionable and see it only as an alternative. The main scenario remains the trend decline in the testing of 108.40 level. The currency, the Australian dollar against the US dollar continues to trade within the consolidation range on the top of a wave of growth. We consider all the components of a possible structure of the reversal pattern. The next step is expected to decline to 0.7400 and a return to the 0.7467 level on the test below. Next -. Decrease in the trend on the level of refinement of 0.7300 Russian ruble is traded in the third wave decline trend. The goal - the soffit level 65. Then expect the correction to the level of 72. Gold is at a maximum and updated, but today again traded momentum reduce. Consider the level of overlap of 1263. Then - a return to the level of 1274. Then, the sample expect a minimum of the first pulse and the continued trend downwards in the first reduction wave of development, targeting 1191.
Forecasts of the financial markets are the personal opinion of their authors. The current analysis is not a guide to trading. RoboForex Company is not responsible for the results that may arise from the use of trading recommendations submitted reviews.
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