{"id":79474,"date":"2015-10-12T10:01:14","date_gmt":"2015-10-12T14:01:14","guid":{"rendered":"http:\/\/countingpips.com\/?p=79474"},"modified":"2015-10-12T10:01:14","modified_gmt":"2015-10-12T14:01:14","slug":"forex-technical-analysis-12-10-2015-eurusd-gbpusd-usdchf-usdjpy-audusd-usdrub-gold","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2015\/10\/forex-technical-analysis-12-10-2015-eurusd-gbpusd-usdchf-usdjpy-audusd-usdrub-gold\/","title":{"rendered":"Forex Technical Analysis 12.10.2015 (EUR\/USD, GBP\/USD, USD\/CHF, USD\/JPY, AUD\/USD, USD\/RUB, GOLD)"},"content":{"rendered":"
October 12, 2015<\/div>
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Article By RoboForex.com<\/u><\/a><\/strong><\/p>\n

Analysis for October 12th<\/sup>, 2015<\/p>\n

EUR USD, \u201cEuro vs US Dollar\u201d<\/h2>\n

Eurodollar is moving inside flag<\/em> correctional pattern; the market has already completed this correction. We think, today, the price may continue falling towards 1.1000. This week, the pair is expected to form another descending wave with the target at 1.1225 and then the correction to reach 1.1300.<\/p>\n

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GBP USD, \u201cGreat Britain Pound vs US Dollar\u201d<\/h2>\n

Pound has completed the correction towards the previous descending structure. This week, the pair is expected to continue falling inside the downtrend to break 1.5165; the third descending wave is expected to be a \u201cwide\u201d one. The target of another structure is at 1.4944. After that, the market may test 1.5165 from below.<\/p>\n

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USD CHF, \u201cUS Dollar vs Swiss Franc\u201d<\/h2>\n

Franc is moving inside a large consolidation channel; the market has formed flag<\/em> pattern near the channel\u2019s lower border. This week, the pair is expected break the pattern upwards and grow to reach 0.9870. After that, the price may form a continuation pattern and move towards 1.0110.<\/p>\n

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USD JPY, \u201cUS Dollar vs Japanese Yen\u201d<\/h2>\n

Yen is moving inside a large consolidation channel, which is taking the form of triangle<\/em> pattern and may be considered as the continuation pattern of the third descending wave. The main scenario implies that the price may fall towards 115.00. An alternative scenario suggests that the market may try to break the upper border of the pattern and leave the pattern upwards. After that, the market may continue falling inside the downtrend. The first target is at 118.22.<\/p>

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AUD USD, \u201cAustralian Dollar vs US Dollar\u201d<\/h2>\n

Australian Dollar is forming the third ascending structure; the market has formed a continuation pattern near the point, where the descending channel was broken. The local target is at 0.7375. After that, the market may fall to return to 0.7154 (at least) or even reach 0.7030. This decline may be considered as the fourth wave of the correction. Later, in our opinion, the pair may form the fifth wave, complete flag<\/em> correctional pattern and then continue falling inside the downtrend to reach 0.6602.<\/p>\n

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USD RUB, \u201cUS Dollar vs Russian Ruble\u201d<\/h2>\n

Ruble is forming the third descending wave with the target at 60.00. After reaching this level, the price may form the fourth wave to return to 64.50 to test it from below. After that, the instrument may start forming the fifth descending structure to reach the target at 57.30. This decline may be considered as the first wave inside the downtrend.<\/p>\n

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XAU USD, \u201cGold vs US Dollar\u201d<\/h2>\n

Gold has broken the upper border of triangle<\/em> consolidation pattern. We think, today, the price may continue growing to reach 1178, fall to test 1161 from above, and then move upwards again to reach 1220. This ascending structure may be considered as the third wave of the correction. After that, the market may start a new decline inside the fourth wave to test 1160 from above.<\/p>\n

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

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 Analysis for October 12th, 2015 EUR USD, \u201cEuro vs US Dollar\u201d Eurodollar is moving inside flag correctional pattern; the market has already completed this correction. We think, today, the price may continue falling towards 1.1000. This week, the pair is expected to form another descending wave with the target at 1.1225 and […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-79474","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/79474","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=79474"}],"version-history":[{"count":1,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/79474\/revisions"}],"predecessor-version":[{"id":79476,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/79474\/revisions\/79476"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=79474"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=79474"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=79474"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}