Forex Technical Analysis 21.02.2014 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, GOLD)

February 21, 2014

EUR USD, “Euro vs US Dollar”

Euro is still being corrected. We think, today price may form another ascending structure and then fall down towards level of 1.3676. Later, in our opinion, instrument may continue moving upwards to reach level of 1.3900.

GBP USD, “Great Britain Pound vs US Dollar”

Pound is under pressure and still moving downwards to reach level of 1.6580. Later, in our opinion, instrument may form reversal structure and continue growing up towards level of 1.7000.

USD CHF, “US Dollar vs Swiss Franc”

Franc is returning towards level of 0.8920. Later, in our opinion, instrument may form descending structure towards target at level of 0.8730.

USD JPY, “US Dollar vs Japanese Yen”

Yen is still moving according to main scenario and forming ascending structure of current correction with target at level of 104.00. Target of the third wave is at 103.40. Later, in our opinion, instrument may form the fourth wave at level of 102.40 and then complete this correction by forming the fifth wave at level of 104.00.

AUD USD, “Australian Dollar vs US Dollar”

Australian Dollar returned to level of 0.9015. We think, today price may form another ascending structure towards level of 0.9025 and then continue moving inside descending trend to reach level of 0.8700.

XAU USD, “Gold vs US Dollar”

Gold is still forming consolidation channel near level of 1316. We think, today price may grow up and reach level of 1330. Later, in our opinion, instrument may form new correction towards level of 1285 and then form the fifth ascending wave to reach level of 1360.

RoboForex Analytical Department

Publication source
RoboForex information  RoboForex reviews

October 27, 2016
U.K. can't have Brexit A La Carte
Asian stock markets headed broadly lower, as investors remain focused on the earnings season, with Canon Inc. the biggest drag on the index...
October 27, 2016
The ascending of the indices
As for the Australian index AUS200, we are yet again approaching the ascending channel. We should wait for the candlestick patterns to appear and try to buy the assets then...
October 27, 2016
Equities investors are becoming hard to satisfy
Uninspiring earnings projections from giant U.S. companies are weighing on Asian equities this morning after Wall Street stocks fell for a second day...

HYCM Rating
OANDA Rating
FBS Rating
Larson&Holz IT Ltd Rating
Fort Financial Services Rating
Tickmill Rating

TopOption Rating
Empire Option Rating
24option Rating
Grand Option Rating
IQ Option Rating
Banc De Binary Rating