Forex Technical Analysis 12.11.2013 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, GOLD)

November 12, 2013

EUR/USD

Euro reached upper border of consolidation triangle and right now is moving towards lower one. We think, today the price may continue consolidating inside this triangle. Main scenario implies that later pair may leave this consolidation channel upwards. Alternative scenario suggests that Euro may reach new minimum and only after that start forming ascending wave. The first target is at 1.3544.

GBP/USD

Pound continues moving inside its fifth descending wave with target at 1.5900. We think, today the price may continue consolidating inside narrowing range and then leave it downwards to reach above-mentioned target. Later, in our opinion, the pair may start forming ascending structure to reach 1.6100.

USD/CHF

Franc is still consolidating inside triangle at the top of ascending wave. We think, today the price may continue consolidating. Main scenario implies that market may leave this consolidation channel downwards. Alternative scenario suggests that price may move upwards to reach new maximum and then start forming descending structure towards 0.9067 (at least).

USD/JPY

Yen left its consolidation channel upwards. We think, today the price may reach 99.80, which is considered to be upper border of triangle from daily chart. Pair is expected to rebound from this level and continue falling down to break lower border and form descending wave towards 96.00.

AUD/USD

Australian Dollar continues falling down towards target at 0.9210. We think, today the price may reach local target of this descending movement at 0.9295. Later, in our opinion, the pair may return to 0.9480 to test it from below and then continue moving towards main target.

GOLD

Gold is still moving downwards to reach target at 1271. We think, today the price may reach local target at 1274 and then return to 1316 to test it from below. Later, in our opinion, the instrument may continue falling down towards its main target. This wave is considered to be the first wave inside the fifth one.

RoboForex Analytical Department

Publication source
RoboForex information  RoboForex reviews

January 23, 2017
The Week ahead: Politics to take center stage
Donald Trump is finally in power, a new era has arrived, and his policy plans in the first couple of weeks will override fundamentals. Markets spent more than two months pricing in growth policies promises, lowers corporate taxes, and deregulations, now it is time to deliver as markets will no more move on words but actions...
January 23, 2017
Dollar opens weak as markets cautious on the new Trump administration
The U.S. dollar continued to extend the declines for what could a third consecutive day. On Friday, Donald Trump took office as the 45th President of the United States...
January 20, 2017
The dollar has settled moderately lower
Asian stock markets were mixed overnight, after U.S. and European shares closed in the red Thursday. Japan and mainland China bourses managed to move higher (Chinese GDP beat expectations at 6.8%)...

FxPro Rating
Fort Financial Services Rating
FXCM Rating
 FXTM Rating
EXNESS Rating
FIBO Group Rating

Dragon Options Rating
First Binary Option Service Rating
UKoptions Rating
365BinaryOption Rating
Empire Option Rating
Binary.com Rating