{"id":114915,"date":"2017-10-17T08:30:39","date_gmt":"2017-10-17T12:30:39","guid":{"rendered":"http:\/\/countingpips.com\/?p=114915"},"modified":"2018-06-01T15:55:33","modified_gmt":"2018-06-01T15:55:33","slug":"forex-technical-analysis-forecast-16-10-2017-eurusd-gbpusd-usdchf-usdjpy-audusd-usdrub-gold-brent-2","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2017\/10\/forex-technical-analysis-forecast-16-10-2017-eurusd-gbpusd-usdchf-usdjpy-audusd-usdrub-gold-brent-2\/","title":{"rendered":"Forex Technical Analysis & Forecast 16.10.2017 (EUR\/USD, GBP\/USD, USD\/CHF, USD\/JPY, AUD\/USD, USD\/RUB, GOLD, BRENT)"},"content":{"rendered":"
October 17, 2017<\/div>
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Article By RoboForex.com<\/u><\/a><\/strong><\/p>\n

EUR USD, \u201cEuro vs US Dollar\u201d<\/strong><\/p>\n

The EUR\/USD pair has formed another consolidation range at 1.1798 and right now is trading to break its lows. Possibly, the price may continue the descending wave towards 1.1724. After that, the instrument may be corrected to return to 1.1798.<\/p>\n

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GBP USD, \u201cGreat Britain Pound vs US Dollar\u201d<\/strong><\/p>\n

The GBP\/USD pair is trading to break the consolidation channel downwards. We think, today the price may reach 1.3170 and then start another correction towards 1.3250. Later, in our opinion, the market may resume falling inside the downtrend with the target at 1.2960.<\/p>\n

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USD CHF, \u201cUS Dollar vs Swiss Franc\u201d<\/strong><\/p>

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The USD\/CHF pair has formed another consolidation range around 0.9750. Possibly, today the price may grow to reach 0.9790 and then start another correction towards 0.9750. After that, the instrument may continue growing with the target at 0.9870.<\/p>\n

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USD JPY, \u201cUS Dollar vs Japanese Yen\u201d<\/strong><\/p>\n

The USD\/JPY pair is forming the fifth descending structure. We think, today the price may reach 111.59 and then test 111.94 from below. Later, in our opinion, the market may continue falling with the target at 111.37.<\/p>\n

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AUD USD, \u201cAustralian Dollar vs US Dollar\u201d<\/strong><\/p>\n

The AUD\/USD pair has broken the ascending channel. Possibly, today the price may reach 0.7821 and then grow towards 0.7866, thus forming another consolidation range. If later the instrument breaks this range to the upside, the market may grow and reach 0.7920; if to the downside \u2013 resume falling inside the downtrend towards 0.7680.<\/p>\n

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USD RUB, \u201cUS Dollar vs Russian Ruble\u201d<\/strong><\/p>\n

The USD\/RUB pair is forming the fifth descending wave with the target at 56.55. Possibly, today the price may be corrected to the upside and reach 57.55. After that, the instrument may fall towards the local target at 56.65.<\/p>\n

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XAU USD, \u201cGold vs US Dollar\u201d<\/strong><\/p>\n

Gold is forming another descending structure towards 1287. Later, in our opinion, the market may grow to reach 1299, thus forming another consolidation channel. If later the instrument breaks this channel to the upside, the market may reach 1311; if to the downside \u2013 resume falling inside the downtrend with the target at 1260.<\/p>\n

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BRENT<\/strong><\/p>\n

Brent has formed the consolidation range at 57.36. We think, today the price may grow to reach the local target at 58.90 and then start another correction towards 57.40. After that, the instrument may resume growing with the target at 59.50.<\/p>\n

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RoboForex Analytical Department<\/strong><\/p>\n

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Article By RoboForex.com<\/u><\/a><\/strong><\/p>\n

Attention!<\/strong>
\nForecasts presented in this section only reflect the author\u2019s 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.<\/p>\n","protected":false},"excerpt":{"rendered":"

Article By RoboForex.com EUR USD, \u201cEuro vs US Dollar\u201d The EUR\/USD pair has formed another consolidation range at 1.1798 and right now is trading to break its lows. Possibly, the price may continue the descending wave towards 1.1724. After that, the instrument may be corrected to return to 1.1798.   GBP USD, \u201cGreat Britain Pound […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-114915","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/114915","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=114915"}],"version-history":[{"count":1,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/114915\/revisions"}],"predecessor-version":[{"id":114916,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/114915\/revisions\/114916"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=114915"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=114915"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=114915"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}