Forex Technical Analysis 19.05.2014 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD)

May 19, 2014

EUR USD, “Euro vs US Dollar”

Euro is still forming correctional flag pattern towards previous ascending impulse. We think, today price may continue falling down to reach target of this pattern at level of 1.3680 and then start another ascending structure towards level of 1.3800.

GBP USD, “Great Britain Pound vs US Dollar”

Pound is still moving below level of 1.6825; this movement may be considered as the fifth descending structure to complete current correction with target at level of 1.6655. Later, in our opinion, instrument may form reversal structure to continue moving upwards.

USD CHF, “US Dollar vs Swiss Franc”

Franc is growing up; this movement may be considered as ascending correction towards previous descending impulse. We think, today price may reach level of 0.8935 and then continue falling down to break level of 0.8880 and reach target at level of 0.8820.

USD JPY, “US Dollar vs Japanese Yen”

Yen is still consolidating near level on 101.50. We think, today price may fall down to reach level of 101.00 and then grow up towards level of 102.00. Later, in our opinion, instrument may complete this descending wave by forming another descending structure towards level of 100.00.

AUD USD, “Australian Dollar vs US Dollar”

Australian Dollar is moving inside wide consolidation channel. We think, today price may continue forming this descending structure with target at level of 0.9305. Later, in our opinion, instrument may start another ascending movement to reach level of 0.9415 and then continue falling down.

USD RUB, “US Dollar vs Russian Ruble”

Ruble continues falling down towards level of 34.54. After reaching it, instrument may start growing up to reach level of 35.15 (at least) and then complete this descending wave by forming another descending structure with target at level of 34.50.

XAU USD, “Gold vs US Dollar”

Gold completed correction and right now is moving inside ascending structure with target at level of 1321. After reaching it, price may form consolidation channel and form continuation pattern to continue growing up.

RoboForex Analytical Department

Publication source
RoboForex information  RoboForex reviews

February 17, 2017
Golds rally may falter
The gold price has racked up its 2nd straight day of gains today on the back of US dollar weakness and doubts over an interest rate hike next month from the US Federal Reserve...
February 16, 2017
Where is black gold heading?
The Euro is slowly going down and this is not brought on by the Eurozone situation. Instead, this is fueled by the U.S. Dollar. Yesterday, Janet Yellen gave a speech in the Senate Banking Committee emphasising the fact that it Is not quite right to use the wait-and-see stance regarding the interest rate hike...
February 14, 2017
Will France exit the euro?
The Euro has come under pressure late in the European session today, after analysts warned of the huge costs that France would face should they decide to ditch the European currency...

FX Giants Rating
FXCM Rating
Tickmill Rating
 FXTM Rating
Fort Financial Services Rating
Grand Capital Rating

Empire Option Rating
First Binary Option Service Rating
IQ Option Rating
TopOption Rating
TropicalTrade Rating
Binary.com Rating