Forex Technical Analysis 17.07.2014 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD)

July 17, 2014

EUR USD, “Euro vs US Dollar”

Euro reached targets of its descending structure. We think, today price may consolidate for a while, form reversal pattern, and then break descending channel. Later, in our opinion, instrument may form another ascending structure to reach level of 1.3710.

GBP USD, “Great Britain Pound vs US Dollar”

Pound is still ignoring the strengthening of US dollar against other currencies. We think, today price may continue moving upwards inside the third wave towards level of 1.7500. Right now, pair is growing up to reach level of 1.7300.

USD CHF, “US Dollar vs Swiss Franc”

Franc completed another ascending structure. We think, today price may form consolidation channel and form reversal pattern. Later, in our opinion, instrument may continue falling down towards next target at level of 0.8830.

USD JPY, “US Dollar vs Japanese Yen”

Yen broke ascending channel downwards. According to main scenario, pair may continue forming descending wave towards level of 99.30. We think, today price may fall down to reach level of 101.00.

AUD USD, “Australian Dollar vs US Dollar”

Australian Dollar is still moving downwards; right now market is forming ascending structure to return to level of 0.9377. Later, in our opinion, instrument may move downwards to reach level of 0.9310.

USD RUB, “US Dollar vs Russian Ruble”

Ruble is still forming the third ascending wave with target at level of 34.84. Later, in our opinion, instrument may start descending correction towards level of 34.25 (at least) and then form the fifth ascending wave to reach level of 35.00.

XAU USD, “Gold vs US Dollar”

Gold continues moving downwards; this movement may be considered as correction towards level of 1321. Later, in our opinion, instrument may form head & shoulders reversal pattern and then move downwards to break its neckline and reach target at level of 1255.

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...

FXCM Rating
 FXTM Rating
FX Giants Rating
Cms Trader Rating
Fort Financial Services Rating
OctaFX Rating

Migesco Rating
OptionRally Rating
Binary.com Rating
OptionBit Rating
Binary Brokerz Rating
IQ Option Rating