Forex Technical Analysis 20.11.2013 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, GOLD)

November 20, 2013

Euro reached local target of its growth. We think, today price may start descending correction to return to 1.3440. Alternative scenario implies that pair may consolidate at current maximums and then continue growing up to extend this ascending wave.


Pound is still moving inside consolidation channel; trading range looks like triangle pattern. We think, today price may form another descending structure towards pattern’s lower border and then start new ascending movement to break upper one and continue growing up towards 1.6300.


Franc reached local target of its decline. We think, today price may start ascending correction towards 0.9160. Alternative scenario implies that pair may consolidate at current minimums and then continue falling down.


Yen extended its first descending impulse downwards. Although this impulse was corrected quite high, main scenario still implies that market may continue falling down. Target of this decline is at 98.25 now. Later, in our opinion, price may form new correction towards 99.25 and then continue moving downwards to reach lower border of triangle pattern from daily chart.


Australian Dollar is still consolidating near 0.9400. We think, today price may fall down towards 0.9375 and then break the top of this consolidation to continue growing up towards 0.9500. Later, in our opinion, pair may start new descending movement to return to 0.9400.


Gold continues moving downwards; market is forming another triangle pattern near current minimums. Later, in our opinion, instrument may break it downwards and form the fifth ascending wave with target at 1195.

Publication source
RoboForex information  RoboForex reviews

October 21, 2016
EUR/USD remained unchanged after the ECB
The price maintained its bearish tone on Thursday. The EUR/USD pair stayed around its recent lows during the day. The euro slightly strengthened towards 1.1000 ahead of the US opening. The 50-EMA limited the euro recovery in the 1 hour chart...
October 21, 2016
Decisions on QE Postponed until December
Asian stock markets are narrowly mixed, with Japanese bourses managing marginal gains as the Yen falls against the Dollar. Stock futures in the U.S. are down...
October 21, 2016
EURUSD at $1.09, but declines could be limited
The ECB monetary policy meeting yesterday saw the euro give up its intraday gains to close on a bearish note. As Draghi signaled that the central bank would need time to assess the monetary policy situation...

FXCM Rating
HYCM Rating
FxPro Rating
OctaFX Rating
OANDA Rating
Fort Financial Services Rating

IQ Option Rating
Grand Option Rating
OptionsXO Rating
TropicalTrade Rating
OptionRally Rating
EZTrader Rating