Forex Technical Analysis 01.04.2014 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD)

April 1, 2014

EUR USD, “Euro vs US Dollar”

Euro completed the third ascending impulse. We think, today price may form the fifth structure of this wave with target at 1.3826 and then start falling down towards level of 1.3765. Later, in our opinion, instrument may start new ascending wave towards level of 1.3990.

GBP USD, “Great Britain Pound vs US Dollar”

Pound reached new maximum and is still moving upwards. We think, today price may form consolidation channel and reversal pattern to start new descending wave with target at level of 1.6558.

USD CHF, “US Dollar vs Swiss Franc”

Franc completed another descending impulse and right now is consolidating near its minimum; this consolidation may be considered as the third wave. We think, today price may continue moving downwards to reach target at level of 0.8780.

USD JPY, “US Dollar vs Japanese Yen”

Yen rebounded from the upper border of its consolidation channel and may renew maximum of current wave. We think, today price may form reversal pattern to start new descending movement towards level of 100.00.

AUD USD, “Australian Dollar vs US Dollar”

Australian Dollar formed another descending impulse. We think, today price may consolidate for a while and then form reversal pattern to start new descending movement towards level of 0.9200. Later, in our opinion, instrument may continue falling down to reach level of 0.9150.

USD RUB, “US Dollar vs Russian Ruble”

Ruble is still forming descending structure. We think, today price may reach level of 34.90 and then return to 36.20. Later, in our opinion, instrument may start new descending wave.

XAU USD, “Gold vs US Dollar”

Gold reached target of its descending movement. We think, today price may consolidate for a while, form reversal pattern, and start forming new ascending wave. Target is at level of 1435.

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