Forex Technical Analysis 13.06.2014 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD)

June 13, 2014

EUR USD, “Euro vs US Dollar”

Euro continues forming ascending impulse towards level of 1.3576. After reaching it, price may start new descending movement towards level of 1.3544 and form another ascending structure to break level of 1.3676.

GBP USD, “Great Britain Pound vs US Dollar”

Pound is still extending its ascending wave. Possibly, price may reach level of 1.7025. Later, in our opinion, instrument may form another descending structure towards level of 1.6655.

USD CHF, “US Dollar vs Swiss Franc”

Franc continues forming descending impulse towards level of 0.8963. Later, in our opinion, instrument may correct this impulse towards level of 0.8986 and then continue forming its descending wave.

USD JPY, “US Dollar vs Japanese Yen”

Yen is still moving downwards and extending its descending structure. We think, today price may form correction towards level of 102.20 (at least) and then continue falling down. Next target is at level of 100.50.

AUD USD, “Australian Dollar vs US Dollar”

Australian Dollar continues forming ascending wave towards level of 0.9465, which may be considered as the third wave inside this ascending structure. Later, in our opinion, instrument may start fall down towards level of 0.9279 and then start new ascending movement to reach level of 0.9465.

USD RUB, “US Dollar vs Russian Ruble”

Ruble is consolidating. After the market opening, price may leave this channel downwards and continue falling down reach level of 33.94. After reaching it, price may start new ascending structure to return to level of 35.00.

XAU USD, “Gold vs US Dollar”

Gold is falling down. We think, today price may continue forming descending wave to reach level of 1213. Later, in our opinion, instrument may return to level of 1260 and then start another descending movement towards level of 1208.

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