Forex Technical Analysis 03.02.2014 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, GOLD)

February 3, 2014

EUR/USD

Euro is still moving inside descending channel, which may be considered as correction. We think, today price may reach new minimum and then start new ascending wave to reach target at level of 1.3570.

GBP/USD

Pound is still moving inside the third descending wave. We think, today price may reach new minimum and then start moving upwards to return to level of 1.6560.

USD/CHF

Franc completed its correction. We think, today pair may consolidate for a while and then start forming reversal pattern to continue moving inside descending trend towards target at level of 0.8880.

USD/JPY

Yen is finishing its descending structure with target at 101.70. We think, today price may reach this target and then start forming new ascending structure to reach level of 104.00.

AUD/USD

Australian Dollar is still moving inside descending structure with main target at 0.8400. We think, today price may continue moving downwards to break level of 0.8660, consolidate for a while, and then form continuation pattern to continue this descending movement to reach local target at level of 0.8460.

GOLD

Gold is still forming the fourth wave of current correction. We think, today price may reach level of 1258, and then complete this correction by forming its fifth wave at level of 1230. Later, in our opinion, instrument may form reversal pattern and start new ascending movement towards level of 1360.

RoboForex Analytical Department

Publication source
RoboForex information  RoboForex reviews

March 1, 2017
Interview with the iPad Air 2 draw winner
During the all last year FIBO Group company was holding iPad Air 2 draw on its official page on Facebook. To participate in it one should have shared the information about the contest on their page and place a link to their repost in a special note on Facebook...
March 1, 2017
XM 1 Million Dollar Forex Championship - 2 Weeks Left to Register for Round 10
For all those traders who have not registered yet for the very last qualifying round of the world’s biggest forex tournament of XM, the One Million Dollar Forex World Championship, registrations for round 10 are still open until 15th March 2017...
February 28, 2017
Grand Capital weekly recap
$26 000,00 - the maximum deposit growth last week. With February coming to an end, we wich everyone profitable trading this spring! In the meantime, meet the numbers for the trading week of February 20th - 24th...

Tickmill Rating
FxPro Rating
XM Rating
Exness Rating
Grand Capital Rating
OctaFX Rating

EZTrader Rating
Anyoption Rating
99Binary Rating
Banc De Binary Rating
TopOption Rating
GTOptions Rating