Forex Technical Analysis 23.01.2014 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, GOLD)

23 January, 2014

EUR/USD

Euro is still forming its first ascending impulse. We think, today price may form the fifth structure of this impulse with target at 1.3600 and then start correction towards level of 1.3560. Later, in our opinion, pair may start forming another ascending structure to reach target at 1.3700.

GBP/USD

Pound is still moving inside ascending wave. We think, today price may return to level of 1.6475 and then start new ascending movement towards level of 1.6680. Alternative scenario implies that pair may form another descending structure to reach level of 1.6260.

USD/CHF

Franc is still being corrected. We think, today pair may form descending structure to continue moving inside descending trend. Target is at level of 0.9000.

USD/JPY

Yen is still consolidating; market formed triangle pattern. We think, today price may move downwards to break level of 103.80 and then continue falling down to reach target at 102.75.

AUD/USD

Australian Dollar is still being corrected to towards level of 0.8910. We think, today price may form the fifth ascending structure to reach above-mentioned target. After reaching it, pair form reversal structure and continue moving downwards to reach main target at level of 0.8400.

GOLD

Gold is still consolidating; market formed descending structure towards lower border of this consolidation channel. We think, today price may grow up towards channel’s upper border, break it, and then continue growing up towards level of 1277.

RoboForex Analytical Department


Source link  
The pound is strengthening for the second day

The British Pound continues to grow on Wednesday. The currency is rather actively moving away from the previous local minimum. The current quotation of the GBP/USD pair is 1.5310. No one is talking about the pound moving above 1.55 yet there are too many external risks to which investors are not paying attention...

The yen sharply strengthened

On Wednesday, the Japanese yen sharply strengthened in trading. Correction of the long-term low started on Monday, but enthusiasm by itself was not enough. And this morning there was a reason to continue selling in the USD/JPY pair...

The euro doesn’t get tired of updating the peaks

Yesterday the euro/dollar "took advantage" of weak statistics from ADP in the US and moved up to new highs...


The Yen has slowed its growth

By the end of the week the USD/JPY pair stopped falling as significantly as was observed...

The euro is falling again

After a short pause, the main currency pair is dropping again – sympathy of investors remains...

The euro meets February in equilibrium

After a frantic and nervous January the euro/dollar seems to have...


The euro did well

The Eurocurrency needs very little for happiness: good statistics - and the main currency pair jumps up...

Forex Technical Analysis 10.11.2014 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD)

Euro has returned to test triangle pattern from below. We think, today the price may fall towards level of 1.2400 and then form a consolidation channel. If later the channel is broken downwards, the pair may move downwards to reach level of 1.2200...

Forex Forecast 20.10.2014 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD)

Euro is forming the third ascending structure. We think, today the price may reach the target at level of 1.2900 and then start a new correction towards 1.2670...

  


Share: