Forex Technical Analysis 29.04.2014 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD)

April 29, 2014

EUR USD, “Euro vs US Dollar”

Euro is moving inside ascending structure with target at 1.4100. We think, today price may continue growing up to reach level of 1.3990 and then start correction to return to level of 1.3885. Later, in our opinion, instrument may continue its ascending movement towards level of 1.4100.

GBP USD, “Great Britain Pound vs US Dollar”

Pound is growing up towards level of 1.6095; market may reach it and thus complete another five-wave structure. Later, in our opinion, instrument may start more serious correction towards level of 1.6687 and form bullish flag pattern.

USD CHF, “US Dollar vs Swiss Franc”

Franc is forming descending structure. We think, today price may reach level of 0.8758, consolidate for a while, and then form continuation pattern to continue descending trend. Next target is at level of 0.8630.

USD JPY, “US Dollar vs Japanese Yen”

Yen is still being corrected. We think, today price may move upwards to reach level of 103.10. Right now, market is forming the fifth wave of this ascending structure. Later, in our opinion, instrument may start another descending wave towards level of 100.00.

AUD USD, “Australian Dollar vs US Dollar”

Australian Dollar completed its descending wave with extension. We think, today price may consolidate to form reversal pattern, and start new correction to return to level of 0.9350. Later, in our opinion, instrument may form the third descending wave with target at level of 0.9070.

USD RUB, “US Dollar vs Russian Ruble”

Ruble continues forming ascending structure with target at level of 36.28. Later, in our opinion, instrument may start falling down towards level of 34.78 and then continue growing up to reach level of 37.50.

XAU USD, “Gold vs US Dollar”

Gold is still correction its first ascending impulse. We think, today price may fall down towards level of 1288.85 and then form the third ascending wave with target at level of 1325. Later, in our opinion, instrument may return to level of 1306 and then start new ascending movement to reach level of 1357.

RoboForex Analytical Department

Publication source
RoboForex information  RoboForex reviews

December 9, 2016
Coeure - ECB ready to do more
ECB board member Benoit Coeure commented the yesterday decision in a radio interview. The central bank announced QE tapering stressing that it does not mean less engagement...
December 8, 2016
Tapering and extending
The main challenge for markets today will be steering through the messages that emerge from the ECB meeting and press conference. Whereas the Fed meeting next week is seen as a near certainty in terms of its outcome, this is not the same for the ECB...
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...

HotForex Rating
Tickmill Rating
Z.com Trade Rating
Orbex Rating
FXCM Rating
Fort Financial Services Rating

Beeoptions Rating
OptionFair Rating
OptionsXO Rating
Grand Option Rating
EZTrader Rating
Porter Finance Rating