Forex Technical Analysis 25.11.2013 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, GOLD)

November 25, 2013

EUR/USD

Euro continues moving upwards. We think, today price may complete its first ascending wave by reaching 1.3590 and then start correction towards 1.3440. Later, in our opinion, pair may consolidate for a while, break maximum of the first wave, and then continue growing up to reach target at 1.3700.
 

GBP/USD

Pound is still moving upwards; market has broken consolidation channel near 1.6195 upwards and may not start new correction right now. Later, in our opinion, pair may continue growing up to reach 1.6350 and then start falling down return to 1.6100.

USD/CHF

Franc completed its first descending wave and right now is forming consolidation structure. We think, today price form correction towards 0.9150. However, alternative scenario implies that pair may rebound from 0.9110, reach new minimum, and then form continuation pattern to continue down-trend.

USD/JPY

Yen is extending its ascending structure; market has broken triangle pattern, but is not expected to form continuation structure. We should note, that this wave may be stopped by any of resistance levels: 101.90, 102.60, or 102.90. If later pair isn’t able to form new correction from the first of these resistance levels, any ascending movement which follows may result in sharp decline within down-trend. In order to do this, market has to form pivot point, which in its turn, takes time.

AUD/USD

Australian Dollar reached its minimum target of the fourth wave; right now market is still moving inside descending channel. We think, today price may continue falling down and extending this wave towards 0.9060. Later, in our opinion, pair may beak this descending channel and form reversal structure for new ascending wave with target at 0.9770.

GOLD

Gold continues falling down towards 1195; instrument has formed consolidation channel at current minimums. We think, today price break it downwards to reach 1225 and then, before starting moving downwards again, form another consolidation channel.

RoboForex Analytical Department

Publication source
RoboForex information  RoboForex reviews

December 9, 2016
Euro slips as ECB extends QE by 9-months
The single currency was weaker after the European Central Bank decided yesterday that it would continue with its bond purchases program. The ECB extended its QE plans from March 2017 to the end of the year...
December 9, 2016
The global stock market rally
The global stock market rally, which was underpinned by further ECB stimulus measures yesterday and a rise in oil prices, continued in Asia overnight, with most markets moving higher...
December 9, 2016
Markets throw caution to the wind
Markets have thrown caution to the wind when it comes to movements as of late as once again US equities set the scene with another stellar rise, though not as big as yesterdays...

Trade360 Rating
FxPro Rating
EXNESS Rating
FIBO Group Rating
XTB Rating
FOREX.com Rating

TopOption Rating
Porter Finance Rating
Binary Brokerz Rating
Beeoptions Rating
24option Rating
Banc De Binary Rating