Forex Technical Analysis 30.12.2013 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, GOLD)

December 30, 2013

EUR/USD

After making descending movement, Euro is still consolidating. We think, today price may continue forming ascending structure towards level of 1.4100. Alternative scenario implies that instrument may first form correction to reach 1.3555 and then continue growing up towards the above-mentioned target.

GBP/USD

After breaking maximums, Pound is consolidating. We think, today price may continue moving upwards to reach level of 1.7150. Alternative scenario implies that instrument may fall down towards 1.6300.

USD/CHF

Franc is forming divergent triangle pattern; market may try to test level of 0.9060 from below. Later, in our opinion, instrument may continue moving inside down trend towards level of 0.8300.  

USD/JPY

Yen is still moving upwards; market hasn't formed any reversal structures yet. We think, today price may reach target at 106.30.

AUD/USD

Australian Dollar reach its another target. We think, today price may return to level of 0.8958. We should note that market is moving inside down trend and any correction may be considered as a good opportunity to increase short positions. Next target is at 0.8720. Later, in our opinion, instrument may consolidate for a while and then continue falling down. Main target is at 0.8400.

GOLD

Gold is still forming the fifth descending wave with target at 1175. After reaching it, instrument may form reversal pattern and start new ascending movement towards 1360.

RoboForex Analytical Department

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February 27, 2017
EURUSD dropping perfectly, remain bearish
Price is dropping nicely towards our profit target. We remain bearish below 1.0604 resistance (Fibonacci retracement, Fibonacci extension, horizontal overlap resistance) for a further push down to 1.0494 (Fibonacci extension, horizontal support)...
February 27, 2017
Gold reached three-month highs
Spot gold remained on strong bullish footing on Friday. After an Asian flat the price got an upward impetus in the European morning...
February 24, 2017
Gold surges to major $1250 resistance as uncertainty prevails
Gold surged Thursday on a breakout of its previous consolidation to hit and slightly exceed major technical resistance at $1250, a level not seen since early November...

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