Forex Technical Analysis 28.05.2014 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD)

May 28, 2014

EUR USD, “Euro vs US Dollar”

Euro is moving inside descending structure. We think, today price may reach level of 1.3585 and then grow up towards level of 1.3650 to test it from below. Later, in our opinion, instrument may start forming another descending structure with target at level of 1.3580.

GBP USD, “Great Britain Pound vs US Dollar”

Pound is still falling down and extending the fifth structure of this wave. We think, today price may reach level of 1.6760 and then form consolidation channel to break level of 1.6787. Later, in our opinion, instrument may continue falling down towards level of 1.6655.

USD CHF, “US Dollar vs Swiss Franc”

Franc is still forming ascending structure towards level of 0.8995. After reaching it, price may test level of 0.8946 from above. Later, in our opinion, instrument may start forming another ascending structure towards level of 0.9000.

USD JPY, “US Dollar vs Japanese Yen”

Yen reached target of its ascending structure. We think, today price may continue falling down to reach level of 100.50. Later, in our opinion, instrument may form another ascending movement to return to level of 101.70 and then test it from below.

AUD USD, “Australian Dollar vs US Dollar”

Australian Dollar is forming ascending structure towards level of 0.9280. After that, price may form descending structure to break level of 0.9200 and then reach level of 0.9140. Later, in our opinion, instrument may test level of 0.9200 from below and then continue falling down towards level of 0.9000.

USD RUB, “US Dollar vs Russian Ruble”

Ruble continues forming ascending structure to reach level of 34.60. Later, in our opinion, instrument may continue falling down towards level of 33.16.

XAU USD, “Gold vs US Dollar”

Gold broke its consolidation triangle pattern downwards, which means that market is going to continue falling down towards level of 1258.40. Later, in our opinion, instrument may grow up to test level of 1299.50 from below and then form another descending structure towards level of 1208.00.

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