Forex Technical Analysis 20.01.2014 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, GOLD)

January 20, 2014

EUR/USD

Euro continues moving downwards and expanding its consolidation channel; market is forming divergent triangle pattern. We think, today price may form reversal structure to continue growing up. The first target is at level of 1.3700. Later, in our opinion, pair may consolidate and then move upwards again to reach target at 1.3800.

GBP/USD

Pound is still moving inside the fourth wave of bullish wedge pattern. We think, today price may form consolidation channel at current levels and leave this channel upwards to reach level of 1.6500. Later, in our opinion, pair may form the fifth descending wave towards level of 1.6255 and then start reversal structure to continue ascending trend.

USD/CHF

Franc is moving upwards. We think, today pair may form reversal structure to continue moving inside descending trend towards level of 0.9000. Later, in our opinion, pair may return to level of 0.9075 and then continue falling down. The next target is at 0.8900.

USD/JPY

Yen is still falling down; market is forming the fifth wave of descending structure. We think, today price may continue moving downwards to reach level of 102.75. Later, in our opinion, price may return to level of 104.00.

AUD/USD

Australian Dollar continues moving inside descending structure with target at 0.8750. After reaching it, pair may consolidate, break this level, and then complete this descending movement by reaching target at 0.8400. Later, in our opinion, pair may return to level of 0.9075.

GOLD

Gold is still moving inside the fifth ascending wave towards level of 1277. We think, today price may continue consolidating and forming continuation pattern near level of 1248.88. Later, in our opinion, instrument may start new descending movement towards target at 1230.

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...

FxPro Rating
Larson&Holz IT Ltd Rating
FOREX.com Rating
Trade360 Rating
 FXTM Rating
OctaFX Rating

OptionsXO Rating
IQ Option Rating
Porter Finance Rating
Banc De Binary Rating
EZTrader Rating
Anyoption Rating