Forex Technical Analysis 21.04.2014 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD)

April 21, 2014

EUR USD, “Euro vs US Dollar”

After breaking correctional channel, Euro is still consolidating and may continue falling down towards level of 1.3750. Alternative scenario implies that pair may try to start moving upwards to reach new maximum.

GBP USD, “Great Britain Pound vs US Dollar”

Pound is still moving upwards and forming ascending structure with target at level of 1.6905. Later, in our opinion, instrument may start falling down towards level of 1.6690.

USD CHF, “US Dollar vs Swiss Franc”

Franc is still forming ascending structure with target at level of 0.8864. We think, today price may reach this level, and then start falling down again. Main target of this wave is at 0.8630. Alternative scenario implies that pair may move upwards to reach new maximum and then start new descending movement.

USD JPY, “US Dollar vs Japanese Yen”

Yen is moving inside ascending structure with target at level of 103.00. Later, in our opinion, instrument may break continue falling down toward level of 100.00.

AUD USD, “Australian Dollar vs US Dollar”

Australian is extending its descending structure downwards.  We think, today price may return to level of 0.9370 and then start new descending movement towards next target at level of 0.9286.

USD RUB, “US Dollar vs Russian Ruble”

Ruble continues moving upwards. We think, today price may reach target at level of 35.81 and then form another descending structure towards level of 34.78. Later, in our opinion, instrument may continue growing up to reach level of 36.00.

XAU USD, “Gold vs US Dollar”

Gold stopped near lower border of its consolidation channel and today isn’t traded due to the Easter. After market opening, we think price may continue forming ascending structure towards target at level of 1357.

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