Forex Technical Analysis 30.07.2014 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD)

July 30, 2014

EUR USD, “Euro vs US Dollar” Pair is still moving in the descending channel, extending descending structure. Price formed spiral wave without any considerable corrections. Price is expected to return back to level of 1.3525. Then, one more descending structure may be formed towards level of 1.3340.

GBP USD, “Great Britain Pound vs US Dollar” Pound broke consolidation downwards. Price may reach level of 1.6925 and, then, rebound to level of 1.7080. After it, new minimums may be reached.

 
USD CHF, “US Dollar vs Swiss Franc” Pair continues ascending movement. Price tests the middle of the downtrend pattern. Price may start falling down at any level. The first target, in our opinion, is level of 0.8985.

USD JPY, “US Dollar vs Japanese Yen” Yen continues ascending movement towards level of 102.50, then, it may return back to level of 101.70. After it, we expect the formation of new ascending structure. Price may reach new maximum. We think price may try to test the upper triangle border.

 

 

AUD USD, “Australian Dollar vs US Dollar” Australian Dollar is still moving inside descending structure as correction. Today descending wave may be formed towards level of 0.9362. After it, we expect new ascending wave towards level of 0.9510.

USD RUB, “US Dollar vs Russian Ruble” Ruble reached the target of the third wave. Descending structure may be formed towards level of 34.60. However, price may try to reach level of 35.85 and, thus, complete the ascending structure. After completing the ascending structure, price may return, in our opinion, back to level of 33.20.

 

 

XAU USD, “Gold vs US Dollar” Gold continues its descending movement. We expect consolidation with breakout to the downside. The target is level of 1275.

RoboForex Analytical Department

 

 

Publication source
RoboForex information  RoboForex reviews

September 23, 2016
Gold rises to critical level on lower-for-longer policy signals
The price of gold extended its rebound modestly on Thursday after the US Federal Reserve provided some key signals on Wednesday that, despite a considerable probability of one Fed rate hike by the end of this year...
September 22, 2016
Moving on from the Fed
The reaction seen in currency markets yesterday to respective central bank policy decisions was instructive of the change in dynamics that we’re seeing. The BoJ enacted a number of changes to its policy regime...
September 21, 2016
Bank of Japan runs out of road
The Bank of Japan delivered a whole heap of nothing at its policy meeting today, although some adjustments were made to its policy framework. If you take the time to read through these measures, then the impression is of a central bank that has largely lost the monetary plot...

HYCM Rating
FxPro Rating
FIBO Group Rating
Larson&Holz IT Ltd Rating
Orbex Rating
Fort Financial Services Rating

24option Rating
TropicalTrade Rating
Binary Brokerz Rating
IQ Option Rating
Grand Option Rating
OptionTrade Rating