Forex Technical Analysis 27.01.2014 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, GOLD)

January 27, 2014

EUR/USD

Euro continues forming ascending structure inside the fifth wave with target at 1.4100. We think, today price may consolidate for a while at current levels and form continuation pattern to reach level of 1.3800. Later, in our opinion, pair may consolidate again for some time and continue growing upwards.

GBP/USD

Pound is still moving inside another ascending wave with target at 1.6670; market returned to level of 1.6475 to test it from above. We think, today price may continue moving upwards to reach above-mentioned target.

USD/CHF

Franc is still falling down. We should note that this pair continues moving inside descending trend towards level of 0.8300. This descending movement is expected to be quite fast and without any serious corrections. We shouldn’t expect the market to form proper five-wave structure during this descending movement until price reaches its main target.

USD/JPY

Yen reached target of its descending structure; right now market is forming continuation pattern. If price is able to break current minimum, pair may extend this structure up to level of 100.00. Alternative scenario implies that pair may form new correction and return to level of 104.00.

AUD/USD

Australian Dollar is still falling down towards target at 0.8400. However, we shouldn’t expect the market to form proper five-wave structure during this descending movement until price reaches its main target.

GOLD

Gold reached target of its first ascending wave. We think, today price may form correctional structure to fall down towards level of 1230. This movement is considered as the right shoulder of head & shoulders reversal pattern and may reach target at 1360.

RoboForex Analytical Department

Publication source
RoboForex information  RoboForex reviews

December 2, 2016
Equities headed broadly south in Asia overnight
Revealed a solid 53.2 November ISM reading and a 0.5% October construction spending rise that followed big upward Q3 revisions, both of which lifted prospects for GDP. We also saw a 17k Thanksgiving week spike in claims that reversed the remarkably tight 333k Veteran's Day figure...
December 2, 2016
Silver lining for precious metals?
I do apologise in advance for bombarding you with lots of commodity reports, but ahead of Friday’s NFP report, the FX markets tend to create lots of false moves, so it is difficult to make much of todays moves...
December 2, 2016
Payrolls Friday. USDJPY doji, third time's a charm
Its payrolls Friday and the markets are expecting to see a solid print for November following Wednesday's ADP payrolls increase. Yesterday, the ISM and Markit's manufacturing PMI showed a strong increase in the reading...

Fort Financial Services Rating
FBS Rating
Orbex Rating
Tickmill Rating
Vantage FX Rating
Larson&Holz IT Ltd Rating

IQ Option Rating
Beeoptions Rating
OptionsXO Rating
Binary Brokerz Rating
EZTrader Rating
Porter Finance Rating