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

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...

Fort Financial Services Rating
OctaFX Rating
FOREX.com Rating
 FXTM Rating
XM Rating
OANDA Rating

Banc De Binary Rating
365BinaryOption Rating
Binary Brokerz Rating
Dragon Options Rating
OptionBit Rating
Binary.com Rating