Forex Technical Analysis 09.06.2014 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD)

June 9, 2014

EUR USD, “Euro vs US Dollar”

After completing ascending impulse, Euro started forming consolidation channel. We think, today price may return to level of 1.3560, start forming another ascending impulse and continue moving upwards. Main target is at level of 1.4100.

GBP USD, “Great Britain Pound vs US Dollar”

Pound is still consolidating. We think, today price may grow up to reach level of 1.6877 and then form another descending structure. Main target is at level of 1.6655. Later, in our opinion, instrument may start forming new ascending wave to break level of 1.7000.

USD CHF, “US Dollar vs Swiss Franc”

After completing strong descending impulse, Franc started forming consolidation channel. We think, today price expand this channel upwards to reach level of 0.8985. Later, in our opinion, instrument may fall down to break level of 0.8900 and then continue moving downwards to reach level of 0.8300.

USD JPY, “US Dollar vs Japanese Yen”

Yen is still forming descending impulse. We think, today price may reach target at level of 102.00 and then return to level of 102.40. Later, in our opinion, instrument may form the third descending wave. Local target is at 99.30.

AUD USD, “Australian Dollar vs US Dollar”

Australian Dollar is still forming ascending structure to test upper border of triangle pattern. Later, in our opinion, instrument may rebound from it, start new descending movement to break level of 0.9200, and then continue falling down to reach target at level of 0.9000.

USD RUB, “US Dollar vs Russian Ruble”

Ruble couldn’t rebound from level of 34.60 and right now continues falling down to reach level of 33.95.  Later, in our opinion, instrument may return to level of 35.00 and then start another descending wave towards level of 33.20.

XAU USD, “Gold vs US Dollar”

Gold is still forming descending consolidation channel. We think, today price may form descending structure to reach level of 1213. Later, in our opinion, instrument may return to level of 1250 and then form another descending structure to reach to level of 1208.

RoboForex Analytical Department

Publication source
RoboForex information  RoboForex reviews

December 6, 2016
Shale sector tries to reap the gains of the OPEC deal
The prices extend gains after OPEC’s output cut deal brings short-term optimism. Forward market shows that the US oil producers are rushing to lock the profit, selling oil contracts for above $50 a barrel at the start of 2018...
December 5, 2016
Crisis Lite
The Italian referendum on constitutional reform saw voters reject the proposals in front of them, in a fairly decisive manner. As such, Italian PM Renzi will tender his resignation today and this became part of the issue...
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...

FxPro Rating
FIBO Group Rating
FBS Rating
Grand Capital Rating
XM Rating
 FXTM Rating

OptionRally Rating
Grand Option Rating
24option Rating
Banc De Binary Rating
OptionFair Rating
OptionBit Rating