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

January 16, 2017
U.S. markets are closed Monday
U.S. markets are closed Monday for Martin Luther King Day. This will be a busy week for traders, with the inauguration of president-elect Trump on Friday headlining...
January 16, 2017
Busy start to the GBP with Carney speech
U.S. markets are closed today on account of Martin Luther King Day. Economic data is quiet ahead of another busy week. The Bank of England Governor, Mark Carney will be speaking later this afternoon and his comments come a day before the British PM Theresa May will be holding her press conference on Brexit...
January 13, 2017
The dollar is trading softer into the London open
Aftershocks from President-elect Trump’s campaign-like press conference, which had weighed on global stock markets and yields started to recede late in the U.S. session and U.S. equities managed to recover part of their losses...

Vantage FX Rating
XM Rating
NPBFX Rating
FXCM Rating
Grand Capital Rating
FBS Rating

EZTrader Rating
365BinaryOption Rating
OptionsXO Rating
Beeoptions Rating
Anyoption Rating
OptionRally Rating