Forex Technical Analysis 12.03.2014 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD)

12 March, 2014

EUR USD, “Euro vs US Dollar”

Euro is being corrected. We think, today price may reach level of 1.3820 and then form reversal pattern for new ascending movement towards level of 1.3990.

GBP USD, “Great Britain Pound vs US Dollar”

Pound is moving downwards; market has formed continuation pattern near level of 1.6630. We think, today price may reach local level of 1.6470, return to level of 1.6630 to test it from below, and then form the fifth wave of this correction towards level of 1.6440. Later, in our opinion, instrument may continue growing up to reach level of 1.7000.

USD CHF, “US Dollar vs Swiss Franc”

Franc is still consolidating; market hasn’t formed any reversal structures yet. We think, today price may continue falling down towards level of at 0.8730 and then form another consolidation channel to continue forming descending structure.

USD JPY, “US Dollar vs Japanese Yen”

Yen reached the second target of its ascending pattern. We think, today price may form reversal pattern to continue forming ascending structure towards level of 104.40.

AUD USD, “Australian Dollar vs US Dollar”

Australian Dollar completed its first descending wave. We think, today price may reach level of 0.8930 and then return to level of 0.9030, thus forming head & shoulders reversal pattern with target at 0.8770. Later, in our opinion, instrument may continue falling down towards level of 0.8400.

USD RUB, “US Dollar vs Russian Ruble”

Ruble continues forming ascending structure. We think, today price may complete this wave, the fourth one, at level of 36.50 and then start forming the fifth wave with target at level of 35.60. Later, in our opinion, instrument may form reversal structure and continue growing up to reach level of 37.60.

XAU USD, “Gold vs US Dollar”

Gold has broken its consolidation channel upwards; this pattern may be considered as continuation one near level of 1336. Target of this pattern is at level of 1490. Instrument is going to form new correction.

RoboForex Analytical Department


Source link  
Forex Technical Analysis for 29.12.2015

Eurodollar has almost reached the target of its ascending wave. We think, today, the price may continue forming its consolidation channel at the top of this ascending structure. Possibly, the pair may reach 1.0997...

Forex Technical Analysis for 28.12.2015

Eurodollar is still forming an ascending structure, which may be considered as the fourth correctional one inside the descending wave. We think, today, the price may complete the current growth by reaching 1.0997 and then start falling to form the fifth structure with the target at 1.0752...

Technical analysis for 23.12.2015

The euro dollar currency is trading with a decline today. The channel of the fourth component of growth is breaking through. The next step is the fifth with a target at the level of 1.0752. Next, we consider the possibility of the correction returning to the level of 1.0900...


Forex Technical Analysis for 22.12.2015

Eurodollar has almost completed the correction. We think, today, the price may form another descending structure to reach 1.0752 and then return to 1.0900...

Murrey Math Lines for 21.12.2015

Eurodollar is consolidating close to Super Trends, which may soon form bearish cross to confirm a new decline of the price. The closest target is at the 0/8 level. If later the par breaks this level, it may continue falling much deeper...

Forex Technical Analysis for 18.12.2015

Eurodollar has expanded its trading range downwards and returned to the center of the channel. We think, today, the price may be corrected towards 1.0914 to test it from below and the form another descending wave with the target at 1.0742...


Wave Analysis for 17.12.2015

After finishing the wave [a], the pair has started a new local correction. Earlier, the price completed the descending impulse in the wave 3 or C. Later, Eurodollar may complete the wave [b] and start forming the ascending impulse in the wave [c] of 4...

Forex Technical Analysis for 16.12.2015

Eurodollar has finished another descending structure to expand its consolidation channel downwards. We think, today, the price may return to 1.0984. Later, in our opinion, the market may rebound from this level and continue falling inside the downtrend towards 1.0770...

Forex Technical Analysis for 15.12.2015

Eurodollar is expanding its consolidation channel upwards. We think, today, the price may prefer to move according to an alternative scenario and grow to reach 1.1068. Later, in our opinion, the market may fall and expand the channel downwards to reach 1.0925...

  


Share: