Forex Technical Analysis 25.12.2013 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, GOLD)

December 25, 2013

EUR/USD

Euro is still forming consolidation channel, which may be considered as triangle pattern. After the market opening, price may fall down to reach level of 1.3644, return to triangle’s upper border, and then complete this correction by moving downwards and reaching level of 1.3560. Later, in our opinion, instrument may continue growing up with target at 1.4100.


 

GBP/USD

Pound is still consolidating below 1.6380. After the market opening, price may continue its correction and reach level of 1.6300 (at least). Later, in our opinion, instrument may continue moving upwards to reach predicted target at 1.7150.


 

USD/CHF

Franc started forming another ascending structure; right now market is moving inside consolidation pattern. After the market opening, price may reach level of 0.9000 and then fall down towards 0.8960. Later, in our opinion, instrument may complete this correction by reaching level of 0.9060 (at least) and then continue falling down towards 0.8300.


 

USD/JPY

Yet is still consolidating near its maximums. After the market opening, price may start descending structure towards level of 103.58, return to 104.00, and then continue falling down towards next target at 102.70.


 

AUD/USD

Australian Dollar is still being corrected towards previous descending movement; structure of this correction implies that price may fall down to reach 0.8840. Later, in our opinion, instrument may complete this correction by forming ascending structure to reach level of 0.8958 and then start moving inside down trend towards 0.8720.


 

GOLD

Gold is still moving towards level of 1220; after the market opening, price may reach it. This movement may be considered as the fourth wave of another descending structure. Later, in our opinion, instrument may start the fifth wave inside this final structure with target at 1175 and then form reversal pattern for new ascending movement to return to 1360.



 
RoboForex Analytical Department

Publication source
RoboForex information  RoboForex reviews

February 23, 2017
U.S. dollar muted to Fed minutes
The U.S. dollar index was flat yesterday after the Federal Reserve published the meeting minutes from the January 31 -February 1 monetary policy meeting...
February 23, 2017
Will the UK go through a migration shock?
The plan successfully passed through the upper chamber and is now going to the committee stage where it’s likely to be amended to warrant better relations with the EU...
February 23, 2017
The euro is under pressure amid growing concerns
The single currency regained a minor portion of its losses in the Asian session on Wednesday. The pair was able to reach 1.0550. However, the selling pressure around the euro remained unchanged pushing the spot to fresh lows...

 FXTM Rating
OANDA Rating
FxPro Rating
Vantage FX Rating
Grand Capital Rating
OctaFX Rating

Dragon Options Rating
Anyoption Rating
OptionRally Rating
TropicalTrade Rating
Binary Brokerz Rating
24option Rating