Forex Technical Analysis 16.01.2014 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, GOLD)

January 16, 2014

EUR/USD

Euro continues moving downwards; this movement may be considered as correction. We think, today price may grow up to break level of 1.3686, consolidate for a while, and then continue moving upwards to reach target at 1.3800.


 

GBP/USD

Pound completed another descending structure and reached level of 1.6335. We think, today price may return to level of 1.6440 and then continue falling down towards level of 1.6250.


 

USD/CHF

Franc completed its correction and is about to start new descending wave with target at 0.890. Later, in our opinion, price may continue falling down towards main target at level of 0.8300 without any serious corrections.


 

USD/JPY

Yen reached target of the fourth correctional structure. We think, today price may form another descending structure to reach level of 102.74.


 

AUD/USD

Australian Dollar formed consolidation channel and then continued forming descending structure. We think, today price may reach level of 0.8700, consolidate for a while, and then continue moving downwards to reach target at 0.8400.


 

GOLD

Gold completed correctional structure. We think, today market may start forming ascending structure to break level of 1248.88. Later, in our opinion, instrument may continue its ascending movement towards target at 1277.



 
RoboForex Analytical Department

Publication source
RoboForex information  RoboForex reviews

December 6, 2016
Financial markets gripped by Monday jitters
Risk aversion intensified during early trading on Monday following reports of Italian Prime Minister Matteo Renzi experiencing a crushing defeat in the referendum on constitutional reforms which sparked concerns of renewed political instability in Europe...
December 5, 2016
Gold prices struggled for a direction
MACD was in the negative territory. If MACD remains in the negative territory, sellers’ positions will strengthen. RSI was in a neutral area...
December 5, 2016
Mixed Jobs Report Keeps High Fed Expectations Intact
As we noted the day before Friday’s US jobs report, only a significantly worse-than-expected reading for November would have likely made the Federal Reserve’s next interest rate decision more difficult...

Grand Capital Rating
 FXTM Rating
Vantage FX Rating
Tickmill Rating
Trade360 Rating
HYCM Rating

OptionBit Rating
IQ Option Rating
Empire Option Rating
24option Rating
Beeoptions Rating
Binary Brokerz Rating