Forex Technical Analysis 29.01.2014 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, GOLD)

January 29, 2014

EUR/USD

Euro is still falling down; this movement may be considered as correction towards previous ascending wave. We think, today price may complete this correction and start moving upwards. Main target is at level of 1.4100.

GBP/USD

Pound is consolidating. We think, today price may continue moving upwards to reach level of 1.6680. Later, in our opinion, market may start forming descending correction to reach level of 1.6450, at least.

USD/CHF

Franc continues growing up; market completed proper correctional structure. We think, today price may continue falling down inside descending trend. Main target is at 0.8300.

USD/JPY

Yen reached target of its correction. We think, today price may continue falling down towards level of 101.70 and then form new ascending structure to return to level of 104.00.

AUD/USD

Australian Dollar completed its correction. We think, today price may start new descending structure towards target at level of 0.8400.

GOLD

Gold is still consolidating. We think, today price may form descending structure towards target at level of 1230. Alternative scenario implies that instrument may try to return to level of 1262 and then continue falling down towards above-mentioned target.

RoboForex Analytical Department

Publication source
RoboForex information  RoboForex reviews

February 23, 2017
U.S. dollar muted to Fed minutes
The U.S. dollar index was flat yesterday after the Federal Reserve published the meeting minutes from the January 31 -February 1 monetary policy meeting...
February 23, 2017
Will the UK go through a migration shock?
The plan successfully passed through the upper chamber and is now going to the committee stage where it’s likely to be amended to warrant better relations with the EU...
February 23, 2017
The euro is under pressure amid growing concerns
The single currency regained a minor portion of its losses in the Asian session on Wednesday. The pair was able to reach 1.0550. However, the selling pressure around the euro remained unchanged pushing the spot to fresh lows...

OctaFX Rating
OANDA Rating
Grand Capital Rating
Orbex Rating
XM Rating
Larson&Holz IT Ltd Rating

Migesco Rating
24option Rating
OptionBit Rating
365BinaryOption Rating
OptionFair Rating
IQ Option Rating