Forex Technical Analysis & Forecast 11.09.2017 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD, BRENT)

EUR USD, “Euro vs US Dollar”

The EUR/USD pair has reached a new high and right now is moving downwards with the target at 1.1994. We think, today the price may reach this target and then grow towards 1.2043, thus forming the descending impulse along with the correction. Later, in our opinion, the market may form another consolidation range between the above-mentioned levels. 1.2070. If later the instrument breaks this consolidation range to the upside, the market may grow towards 1.2121; if to the downside – continue the correction to reach 1.1887.

GBP USD, “Great Britain Pound vs US Dollar”

The GBP/USD pair has extended its ascending structure towards 1.3200. Possibly, today the price may start another correction with the target is at 1.3030 and then grow to reach 1.3304.

USD CHF, “US Dollar vs Swiss Franc”

Being under pressure, the USD/CHF pair is moving upwards. Possibly, the price may be corrected towards 0.9542. We think, today the price may reach 0.9500 and then fall with the target at 0.9462. After that, the instrument may grow towards 0.9500.

USD JPY, “US Dollar vs Japanese Yen”

The USD/JPY pair is being corrected and expected to reach 108.73 at least. Possibly, today the price may reach 108.65 and then fall towards 107.97. Later, in our opinion, the market may grow to reach the target of the correction and then continue falling towards 107.00.

AUD USD, “Australian Dollar vs US Dollar”

The AUD/USD pair is trading to the downside. Possibly, the price may be corrected towards 0.7984 and then grow to reach 0.8055. If later the instrument breaks this consolidation range to the upside, the market may continue growing towards 0.8130; if to the downside – fall with the target at 0.7925.

USD RUB, “US Dollar vs Russian Ruble”

The USD/RUB pair is being corrected towards 57.38. Possibly, the price may form another descending structure to reach 56.67 and then grow to reach 58.67. Later, in our opinion, the market may continue falling inside the downtrend with the target at 56.00.

XAU USD, “Gold vs US Dollar”

Gold is being corrected towards 1327.60. After that, the instrument may form another ascending structure to reach 1364.00 and then start another correction with the target at 1284.00. Later, in our opinion, the market may grow to reach 1380.00.

BRENT

Brent is still being corrected. Possibly, the price may fall to reach 52.90 and grow towards 55.15. After that, the instrument may resume falling with the target at 51.00.

RoboForex Analytical Department