Forex Technical Analysis 16.07.2014 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD)

July 16, 2014

EUR USD, “Euro vs US Dollar”

Euro continues moving downwards. We think, today price may reach level of 1.3550 and then form another ascending structure to return to level of 1.3600.

GBP USD, “Great Britain Pound vs US Dollar”

Pound is forming ascending structure; market broke its maximum. We think, today price may fall down towards level of 1.7123 and then continue growing up to reach level of 1.7300.

USD CHF, “US Dollar vs Swiss Franc”

Franc continues goring up. We think, today price may expand its consolidation channel; target is at level of 0.8973. Later, in our opinion, instrument may fall down to expand it downwards; target is at level of 0.8830.

USD JPY, “US Dollar vs Japanese Yen”

Yen is still forming ascending structure. We think, today price may reach level of 101.78, break ascending channel, and then form another descending wave. Next target is at level of 100.50.

AUD USD, “Australian Dollar vs US Dollar”

Australian Dollar is still being corrected. We think, today price may fall down to reach level of 0.9300 and then return to level of 0.9380.

USD RUB, “US Dollar vs Russian Ruble”

Ruble is still consolidating inside the third ascending wave with target at level of 34.82. Later, in our opinion, instrument may return to level of 34.25 (at least) and then may continue growing up inside the fifth wave of current correction to reach level of 35.00.

XAU USD, “Gold vs US Dollar”

Gold reached new low and completed impulse of its first descending wave. We think, today price may start new correction to reach level of 1321 (at least) and then continue falling down towards level of 1277.

RoboForex Analytical Department

Publication source
RoboForex information  RoboForex reviews

January 20, 2017
Cautious EURUSD Ahead of ECB Press Conference
USD, and the US government bond yields, surged last night following Fed president Janet Yellen’s speech to the Commonwealth Club in San Francisco...
January 19, 2017
Is equilibrium out of reach?
Let’s check what’s going on with Oil before turning our attention to the Russian Ruble. “Black gold” is forming a reversal pattern next to the key level of 52.10. The only matter is that this pattern is above the horizontal level, but the 52.10 level can potentially become the neckline of our pattern...
January 18, 2017
Trump Inauguration Market Outlook
Friday, January 20, 2017 will mark the historic inauguration of what promises to be a highly unconventional US presidential administration... Trade Rating
 FXTM Rating
FxPro Rating
Vantage FX Rating
Orbex Rating
HotForex Rating

IQ Option Rating
24option Rating
TropicalTrade Rating
TopOption Rating
Anyoption Rating
Beeoptions Rating