Forex Technical Analysis 14.01.2014 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, GOLD)

January 14, 2014

EUR/USD

Euro is falling down a little bit; this movement may be considered as correction towards ascending structure formed last Friday. We think, today price may continue growing up to break level of 1.3686, form consolidation channel near this levels, and then continue moving upwards to reach target at 1.3800.

GBP/USD

Pound is still being corrected. We think, today price may continue falling down towards level of 1.6265, move upwards to reach level of 1.6440, and then complete this correction by finishing its fifth wave at level of 1.6185. Later, in our opinion, pair may form reversal pattern to start new ascending structure inside up trend.

USD/CHF

Franc is still consolidating; market is forming continuation pattern to continue falling down. Price has already formed central structure near level of 0.9015. We think, today pair may continue moving downwards to reach level of 0.8920.

USD/JPY

Yen is still forming the third descending structure with target at 102.74. We think, today price may reach this target and then move upwards to 104.00. Later, in our opinion, pair may complete this correction by forming the fifth descending structure to reach level of 102.60 and then start new ascending movement to return to level of 104.00.

AUD/USD

Australian Dollar started forming new impulse to continue descending movement. We think, today price may fall down towards level of 0.9000, return to 0.9045, and then start forming another descending structure inside down trend. Main target of this wave is at 0.8400.

GOLD

Gold is still consolidating; market has formed central part of continuation pattern near level of 1248.88. We think, today price may continue forming this ascending structure towards level of 1277.

RoboForex Analytical Department

Publication source
RoboForex information  RoboForex reviews

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%)...
January 20, 2017
A huge disappointment in the UK data
UK retail sales fell most since 2012. We see he fastest pace of decline in almost five years in December. It is due to sales of... pretty much everything from household goods to clothing and food...
January 20, 2017
Trump takes office today. Markets await inauguration speech
Investors await Trump's inauguration and speech due later today as he takes office as the 45th President of the United States. The U.S. dollar was seen giving up some of the gains yesterday with some volatility coming off the EURUSD on the back of the ECB meeting...

Grand Capital Rating
FOREX.com Rating
HotForex Rating
XTB Rating
FXCM Rating
FxPro Rating

24option Rating
OptionBit Rating
OptionRally Rating
99Binary Rating
OptionTrade Rating
365BinaryOption Rating