Forex Technical Analysis 22.07.2014 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD)

July 22, 2014

EUR USD, “Euro vs US Dollar”

Euro is still consolidating. We think, today price may move upwards to reach level of 1.3560 and then fall down towards level of 1.3530. Later, in our opinion, instrument may start forming another ascending structure to reach level of 1.3600.

GBP USD, “Great Britain Pound vs US Dollar”

Pound is still being corrected. We think, today price may reach level of 1.7010, consolidate for a while, and then form reversal pattern continue moving upwards. Next target is at level of 1.7500.

USD CHF, “US Dollar vs Swiss Franc”

Franc continues consolidating. We think, today price may leave this consolidation channel downwards and reach level of 0.8950. This movement may be considered as part of another descending wave with target at level of 0.8830.

USD JPY, “US Dollar vs Japanese Yen”

Yen is returning to level of 101.70 to test it from below again. Later, in our opinion, instrument may move downwards to reach level of 101.00, break it, and then continue falling down towards level of 101.50. Main target is at level of 99.30.

AUD USD, “Australian Dollar vs US Dollar”

Australian Dollar continues forming correctional structure with target at level of 0.9415. Later, in our opinion, instrument may fall down towards level of 0.9300. This movement may be considered as part of another descending structure to reach level of 0.9270.

USD RUB, “US Dollar vs Russian Ruble”

Ruble is still consolidating. We think, today price may move upwards to reach level of 35.43 and then expand this consolidation channel downwards to reach level of 34.60. Later, in our opinion, instrument may complete this ascending wave by forming another structure towards level of 35.60 and then start forming the fifth descending wave to reach level of 33.20.

XAU USD, “Gold vs US Dollar”

Gold continues moving downwards. We think, today price may fall down to break level of 1300 and reach level of 1275. Later, in our opinion, instrument may return to level of 1300 once again to test it from below and then form another descending structure towards level of 1255.

RoboForex Analytical Department

Publication source
RoboForex information  RoboForex reviews

January 16, 2017
GBP under pressure ahead of May speech
A speech from Theresa May is one of the key events for financial markets this week and certainly the most relevant for the British pound. Primie Minister is about to deliver a speech on UK’s stance and conditions ahead of the triggering article 50 and beginning the Brexit negotiations...
January 13, 2017
Yellen (Fed) with a neutral message but USD starts to fight back
USD was taking damage from the Wednesday Donald Trump specch until yesterday evening. Lack of details on economic and fiscal agenda at the first press conference of the president-elect caused a correction on equities boosted since the US elections...
January 12, 2017
Are OPEC cuts going to be in vain?
As OPEC and its biggest partner Russia have agreed to curtail Oil output prices, this offers the strongest catalyst of recovery since the start of the fight for market share back in 2014. Despite the initial market “hurrah” which helped the prices to get over the $50 mark...

FXCM Rating
Orbex Rating
Vantage FX Rating
Fort Financial Services Rating
Tickmill Rating
OANDA Rating

TropicalTrade Rating
Anyoption Rating
OptionBit Rating
Grand Option Rating
24option Rating
365BinaryOption Rating