Forex Technical Analysis 18.07.2014 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD)

18 July, 2014

EUR USD, “Euro vs US Dollar”

Euro is still under pressure and moving downwards. We think, today price may reach level of 1.3510 and then start forming another ascending structure towards level of 1.3710.

GBP USD, “Great Britain Pound vs US Dollar”

Pound is falling down a little bit. We think, today price may reach level of 1.7075 and then continue moving upwards inside ascending trend towards level of 1.7500.

USD CHF, “US Dollar vs Swiss Franc”

Franc is forming consolidation channel, which may be considered as reversal pattern. We think, today price may continue falling down towards next target at level of 0.8830.

USD JPY, “US Dollar vs Japanese Yen”

Yen continues moving inside its third descending wave towards level of 99.30. We think, today price may form another structure with target at level of 100.50.

AUD USD, “Australian Dollar vs US Dollar”

Australian Dollar is still moving downwards; this movement may be considered as a part of descending wave towards level of 0.9320. Later, in our opinion, instrument may return to level of 0.9360 and then form another descending structure to reach level of 0.9270.

USD RUB, “US Dollar vs Russian Ruble”

Ruble continued extending its ascending structure and reached target of correctional wave. We think, today price may consolidate for a while at current highs; this consolidation may be considered as reversal pattern. Later, in our opinion, instrument may leave its ascending channel and form the fifth descending wave towards level of 33.20.

XAU USD, “Gold vs US Dollar”

Gold reached target of its correction. We think, today price may break ascending channel downwards and form head & shoulders reversal pattern. Target of this pattern is at level of 1255.
 
RoboForex Analytical Department


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The pound is strengthening for the second day

The British Pound continues to grow on Wednesday. The currency is rather actively moving away from the previous local minimum. The current quotation of the GBP/USD pair is 1.5310. No one is talking about the pound moving above 1.55 yet there are too many external risks to which investors are not paying attention...

The yen sharply strengthened

On Wednesday, the Japanese yen sharply strengthened in trading. Correction of the long-term low started on Monday, but enthusiasm by itself was not enough. And this morning there was a reason to continue selling in the USD/JPY pair...

The euro doesn’t get tired of updating the peaks

Yesterday the euro/dollar "took advantage" of weak statistics from ADP in the US and moved up to new highs...


The Yen has slowed its growth

By the end of the week the USD/JPY pair stopped falling as significantly as was observed...

The euro is falling again

After a short pause, the main currency pair is dropping again – sympathy of investors remains...

The euro meets February in equilibrium

After a frantic and nervous January the euro/dollar seems to have...


The euro did well

The Eurocurrency needs very little for happiness: good statistics - and the main currency pair jumps up...

Forex Technical Analysis 10.11.2014 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD)

Euro has returned to test triangle pattern from below. We think, today the price may fall towards level of 1.2400 and then form a consolidation channel. If later the channel is broken downwards, the pair may move downwards to reach level of 1.2200...

Forex Forecast 20.10.2014 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD)

Euro is forming the third ascending structure. We think, today the price may reach the target at level of 1.2900 and then start a new correction towards 1.2670...

  


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