Forex Technical Analysis 05.05.2014 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD)

May 5, 2014

EUR USD, “Euro vs US Dollar”

Euro is still moving close to upper border of divergent triangle pattern. We think, today price may continue moving upwards towards target at level of 1.3990. Later, in our opinion, instrument may return to level of 1.3890 and then move upwards again to level of 1.4100.

GBP USD, “Great Britain Pound vs US Dollar”

Pound started forming descending structure, which may be considered as correction. We think, today price may grow up to reach new maximum, consolidate for a while near it, and then form reversal pattern. Later, in our opinion, instrument may start new correction towards level of 1.6690.

USD CHF, “US Dollar vs Swiss Franc”

Franc is still moving downwards. We think, today price may fall down to reach level of 0.8700. Later, in our opinion, instrument may return to level of 0.8780 and then continue falling down towards level of 0.8630.

USD JPY, “US Dollar vs Japanese Yen”

Yen is falling down; market is forming another descending wave with target at level of 100.00. We think, today price may reach level of 101.00, return to level of 102.10, and then continue moving downwards to reach main target.

AUD USD, “Australian Dollar vs US Dollar”

Australian Dollar broke its consolidation channel downwards and tested it from below. We think, today price may continue moving downwards to reach level of 0.9080.

USD RUB, “US Dollar vs Russian Ruble”

Ruble wasn’t traded due to the holidays in Russia. After market opening, pair is expected to continue consolidating inside triangle pattern. Main scenario implies that price may continue falling down with target at level of 34.80. Later, in our opinion, instrument may start new ascending movement towards level of 37.50.

XAU USD, “Gold vs US Dollar”

Gold is still forming ascending impulse. We think, today price may continue growing up to reach level of 1340. Later, in our opinion, instrument may fall down towards level of 13010 and then start new ascending movement to reach level of 1350.

RoboForex Analytical Department

Publication source
RoboForex information  RoboForex reviews

September 23, 2016
Gold rises to critical level on lower-for-longer policy signals
The price of gold extended its rebound modestly on Thursday after the US Federal Reserve provided some key signals on Wednesday that, despite a considerable probability of one Fed rate hike by the end of this year...
September 22, 2016
Moving on from the Fed
The reaction seen in currency markets yesterday to respective central bank policy decisions was instructive of the change in dynamics that we’re seeing. The BoJ enacted a number of changes to its policy regime...
September 21, 2016
Bank of Japan runs out of road
The Bank of Japan delivered a whole heap of nothing at its policy meeting today, although some adjustments were made to its policy framework. If you take the time to read through these measures, then the impression is of a central bank that has largely lost the monetary plot...

Orbex Rating
FOREX.com Rating
FXTM Rating
HotForex Rating
Vantage FX Rating
FxPro Rating

IQ Option Rating
TropicalTrade Rating
24option Rating
OptionsXO Rating
Banc De Binary Rating
OptionFair Rating