Forex Technical Analysis 29.05.2014 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD)

May 29, 2014

Euro is still 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 target at level of 1.6655 and then form consolidation channel to form reversal structure. Later, in our opinion, instrument may break descending channel and continue goring up. Alternative scenario implies that pair may continue extending this structure downwards.

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 is falling down. We think, today price may continue falling down to reach level of 101.30. Later, in our opinion, instrument may return to level of 101.70 and then start forming the third wave with local target at level of 99.30.

AUD USD, “Australian Dollar vs US Dollar”

Australian Dollar completed correctional flag pattern. . We think, today price may start forming another descending structure to break level of 0.9200 and then reach level of 0.9135. 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 continuation pattern; market has already reached predicted target of the right part of this pattern. We think, today price may continue falling down towards level of 33.16.

XAU USD, “Gold vs US Dollar”

Gold reached target of central part of continuation pattern. We think, today price may form another ascending structure to test level of 1299 and then start falling down towards level of 1208. Later, in our opinion, instrument may start new ascending wave to break level of 1300.
 
RoboForex Analytical Department

Publication source
RoboForex information  RoboForex reviews

December 2, 2016
Oil may remain above $50
The Oil price continued to push higher today reaching its highest level in over a year with some predicting that the OPEC deal reached yesterday was a game changer and further gains are expected...
November 29, 2016
Euro may hit parity with US dollar
The Euro was under further pressure today against the US dollar on the back of political instability in Italy and, bringing it closer to parity with its American counterpart...
November 28, 2016
ECB speeches, OPEC rumours to dominate Monday
The US is back to the markets in full swing today as investors return from the long weekend and while this may have a major impact on the markets (given the fact that US bonds and US dollar had such a massive influence on global markets recently) other factors dominate in the calendar with the US being present...

Orbex Rating
XM Rating
FOREX.com Rating
Grand Capital Rating
OctaFX Rating
XTB Rating

Banc De Binary Rating
EZTrader Rating
Beeoptions Rating
IQ Option Rating
Porter Finance Rating
TropicalTrade Rating