Forex Technical Analysis 05.02.2014 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, GOLD)

February 5, 2014

EUR USD, “Euro vs US Dollar”

Euro is still consolidating; market has broken descending channel. We think, today price may continue moving upwards to reach level of 1.3580 and then fall down to return to level of 1.3540.

GBP USD, “Great Britain Pound vs US Dollar”

Pound is forming ascending structure. We think, today price may break descending channel and reach level of 1.6420. Later, in our opinion, instrument may fall down to return to level of 1.6340 and then continue growing up towards target at level of 1.6680.

USD CHF, “US Dollar vs Swiss Franc”

Franc is moving inside ascending channel so far. We think, today pair break ascending channel and continue falling down towards level of 0.8930. Later, in our opinion, instrument may return to level of 0.9000 and then continue moving inside descending trend towards level of 0.8300.

USD JPY, “US Dollar vs Japanese Yen”

Yen is still moving inside the fifth descending wave. We think, today price may reach another minimum and then start forming new ascending structure to return to level of 104.00.

AUD USD, “Australian Dollar vs US Dollar”

Australian Dollar completed its correctional structure. We think, today price may form descending structure to reach level of 0.8780 and then start new ascending movement towards level of 0.8840. Later, in our opinion, instrument may continue moving inside descending trend to reach level of 0.8400.

XAU USD, “Gold vs US Dollar”

Gold is still forming the fifth wave of this correction. We think, today price may fall down and reach target at level of 1230. Later, in our opinion, instrument may form reversal pattern and start forming the third ascending wave towards level of 1360.

RoboForex Analytical Department

Publication source
RoboForex information  RoboForex reviews

February 24, 2017
Gold surges to major $1250 resistance as uncertainty prevails
Gold surged Thursday on a breakout of its previous consolidation to hit and slightly exceed major technical resistance at $1250, a level not seen since early November...
February 24, 2017
Dollar falls as peso and gold rally
The U.S. dollar was the weakest currency yesterday as surprisingly, the Mexican peso rallied, rising 1.22% over the day against the greenback...
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...

Tickmill Rating
Cms Trader Rating
OctaFX Rating
OANDA Rating
FX Giants Rating
FXCM Rating

IQ Option Rating
GTOptions Rating
Banc De Binary Rating
24option Rating
Binary Brokerz Rating
TopOption Rating