{"id":96394,"date":"2016-10-05T06:20:45","date_gmt":"2016-10-05T10:20:45","guid":{"rendered":"http:\/\/countingpips.com\/?p=96394"},"modified":"2016-10-05T06:20:45","modified_gmt":"2016-10-05T10:20:45","slug":"forex-technical-analysis-05-10-2016-eurusd-gbpusd-usdchf-usdjpy-audusd-usdrub-gold-brent","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2016\/10\/forex-technical-analysis-05-10-2016-eurusd-gbpusd-usdchf-usdjpy-audusd-usdrub-gold-brent\/","title":{"rendered":"Forex Technical Analysis 05.10.2016 (EUR\/USD, GBP\/USD, USD\/CHF, USD\/JPY, AUD\/USD, USD\/RUB, GOLD, BRENT)"},"content":{"rendered":"
October 5, 2016<\/div>
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Article By RoboForex.com<\/u><\/a><\/strong><\/p>\n

Analysis for October 5th<\/sup>, 2016<\/p>\n

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

Being influenced by the news related to the closing of QE programs, the EUR\/USD pair has formed a strong ascending impulse from 1.1140. An alternative scenario implies that the price may continue moving upwards to reach 1.1260. If later the price forms another consolidation channel there and breaks it upwards, the market may reach 1.1350. However, this news is just rumors so far, and if it is not confirmed today, the instrument is expected to move according to the main scenario \u2013 continue falling inside the downtrend to reach 1.1100.<\/p>\n

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

The GBP\/USD pair has reached the local target of its descending wave. Right now, the price is extending the wave to the downside towards the main target, which is at 1.2650.<\/p>\n

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

The USD\/CHF pair has reached its local target at 0.9800 and right now is consolidating to rebound from 0.9760. Possibly, the price may rebound from this level once again and then continue growing towards 0.9880. An alternative scenario implies that the market may fall to return to 0.9700.<\/p>\n

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

The USD\/JPY pair is being corrected in the consolidation range at the top of its ascending wave. We think, today the price may continue consolidating. Later, in our opinion, the market may break the range downwards and then continue falling inside the downtrend 101.00.<\/p>

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

The AUD\/USD pair is rebounding from 0.7640. In fact, the price has formed another consolidation range in the form of the diamond<\/em> pattern. According to the main scenario, the market is expected to break the range downwards and then continue falling with the target at 0.7500.<\/p>\n

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

The USD\/RUB pair is consolidating. If later the market breaks this consolidation range upwards, it may be corrected to reach 63.45; if downwards \u2013 continue falling inside the downtrend with the target at 61.04.<\/p>\n

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

Gold has broken the triangle<\/em> pattern downwards and almost reached the target of the descending wave. So far, the market is under pressure and still falling. We think, today the price form another consolidation range at the current lows. If later the instrument breaks this consolidation range upwards, it may return to 1310; if downwards \u2013 expand the range towards 1260.<\/p>\n

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BRENT<\/h2>\n

Being under pressure, Brent is growing, forming consolidating rages, breaking them upwards, and then growing again. The local target is at 52.77. Later, in our opinion, the market may be corrected towards 49.50 and then continue growing to reach 53.50.<\/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 5th, 2016 EUR USD, \u201cEuro vs US Dollar\u201d Being influenced by the news related to the closing of QE programs, the EUR\/USD pair has formed a strong ascending impulse from 1.1140. An alternative scenario implies that the price may continue moving upwards to reach 1.1260. If later the price […]<\/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-96394","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/96394","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=96394"}],"version-history":[{"count":1,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/96394\/revisions"}],"predecessor-version":[{"id":96395,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/96394\/revisions\/96395"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=96394"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=96394"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=96394"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}