Forex Technical Analysis 07.04.2014 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD)

April 7, 2014

EUR USD, “Euro vs US Dollar”

Euro is still moving inside descending structure, which may be considered as correction. We think, today price may return to level of 1.3750 and then continue falling down towards level of 1.3620.

GBP USD, “Great Britain Pound vs US Dollar”

Pound is still forming the fifth wave inside correctional flag pattern. We think, today price may return to level of 1.6620 and then continue falling down towards target at level of 1.6430.

USD CHF, “US Dollar vs Swiss Franc”

Franc continues forming ascending structure. We think, today price may fall down towards level of 0.8890, return to level of 0.8980, and then continue moving downwards to reach level of 0.8630.

USD JPY, “US Dollar vs Japanese Yen”

Yen is still forming the fifth wave inside ascending structure. We think, today price may move downwards to reach level of 102.97. Later, in our opinion, instrument may grow up towards level of 104.20 and continue falling down to reach level of 100.00.

AUD USD, “Australian Dollar vs US Dollar”

Australian Dollar is still consolidating at the top of its ascending wave. We think, today price may fall down to break minimum of this consolidation channel. Later, in our opinion, instrument may continue moving inside descending trend to reach main target at level of 0.8400.

USD RUB, “US Dollar vs Russian Ruble”

Ruble completed its correction. We think, today price may continue growing up towards level of 35.90 and then start moving downwards to reach level of 35.50. Later, in our opinion, instrument may start new ascending movement to return to level of 36.40.

XAU USD, “Gold vs US Dollar”

Gold is completing its descending structure, which may be considered as correction towards the first ascending wave. We think, today price may start growing up towards level of 1314 and then fall down to return to 1296. Later, in our opinion, instrument may start new ascending movement with target at level of 1357.

RoboForex Analytical Department

Publication source
RoboForex information  RoboForex reviews

December 7, 2016
Oil ma pull back to $40
The oil price fell for the first time in 4 days today as skepticism creeped in over some OPEC member’s commitment to keep to their end of the deal and cut production...
December 6, 2016
Shale sector tries to reap the gains of the OPEC deal
The prices extend gains after OPEC’s output cut deal brings short-term optimism. Forward market shows that the US oil producers are rushing to lock the profit, selling oil contracts for above $50 a barrel at the start of 2018...
December 5, 2016
Crisis Lite
The Italian referendum on constitutional reform saw voters reject the proposals in front of them, in a fairly decisive manner. As such, Italian PM Renzi will tender his resignation today and this became part of the issue...

Fort Financial Services Rating
FBS Rating
OANDA Rating
Grand Capital Rating
HYCM Rating
XTB Rating

IQ Option Rating
Grand Option Rating
Banc De Binary Rating
Beeoptions Rating
Binary Brokerz Rating
TopOption Rating