Forex Technical Analysis 21.11.2016 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD, BRENT)

21.11.2016

Analysis for November 21st, 2016

EUR USD, “Euro vs US Dollar”

The EUR/USD pair is forming another consolidation range close to the Triangle pattern from a longer timeframe. If later the market breaks this range to the upside, it may be corrected with the target at 1.1000; if to the downside – continue falling inside the downtrend towards 1.0200.




GBP USD, “Great Britain Pound vs US Dollar”

The GBP/USD pair is consolidating below the broken Neckline. Possibly, today the price may continue falling to reach 1.2225. After that, the instrument may grow towards 1.2360.




USD CHF, “US Dollar vs Swiss Franc”

The USD/CHF pair is forming another consolidation range. If later the market breaks this range to the upside, it may start reach 1.0208; if to the downside – start another correction with the target at 0.9940.




USD JPY, “US Dollar vs Japanese Yen”

Being under pressure, the USD/JPY pair is still moving upwards. If later the market breaks its consolidation range to the upside, it may reach 112.125; if to the downside – fall with the target at 108.50.




AUD USD, “Australian Dollar vs US Dollar”

The AUD/USD pair has broken its trading range downwards. Possibly, the price may continue falling towards 0.7260. However, if the market continues moving upwards and break the range to the upside, the instrument may grow with the target at 0.7575.




USD RUB, “US Dollar vs Russian Ruble”

Being under pressure, the USD/RUB pair is falling. Possibly, the price may continue the current correction to reach 63.63.




XAU USD, “Gold vs US Dollar”

Gold is consolidating in the center of the range. We think, today the price may grow towards 1236. Later, in our opinion, the market may start another decline with the target at 1217.




BRENT

Being under pressure, Brent is moving upwards. Possibly, the price may break the current consolidation range to the upside. The target is at 51.50.



 
RoboForex Analytical Department

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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.