Forex Technical Analysis 09.04.2014 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD)

April 9, 2014

EUR USD, “Euro vs US Dollar”

Euro extended its ascending structure and right now is forming consolidation channel inside new descending structure to reach the first target at level of 1.3740. Later, in our opinion, instrument may continue consolidating and falling down towards level of 1.3620. Alternative scenario implies that pair may continue growing up towards level of 1.3800.

GBP USD, “Great Britain Pound vs US Dollar”

Influenced by the news, Pound extended its ascending structure. We think, today price may fall down towards level of 1.6650 and then form consolidation channel to reach target at 1.6430. Alternative scenario implies that pair may leave this consolidation channel upwards and reach new maximum.

USD CHF, “US Dollar vs Swiss Franc”

Franc is still moving downwards. We think, today price may consolidate for a while and leave its descending channel. Later, in our opinion, instrument may start another ascending structure to reach level of 0.8890. Alternative scenario implies that pair may continue falling down.

USD JPY, “US Dollar vs Japanese Yen”

Yen continues moving downwards and extending current structure. We think, today price may return to level of 10.320, consolidating for a while, and then continue growing up to reach level of 104.20. Alternative scenario implies that pair may break this consolidation channel downwards and then continue falling down towards level of 100.00.

AUD USD, “Australian Dollar vs US Dollar”

Australian Dollar is extending its ascending structure upwards. We think, today price may form reversal pattern to break this ascending channel and start falling down towards the first target at level of 0.9250.

USD RUB, “US Dollar vs Russian Ruble”

Ruble completed the first descending structure and correction. We think, today price may fall down to reach level of 35.33 and then form another ascending structure with target level of 36.20. Alternative scenario implies that pair may start forming ascending structure at once, break level of 35.75, and then form consolidation channel to continue moving towards above-mentioned target.

XAU USD, “Gold vs US Dollar”

Gold is consolidation near its maximum. We think, today price may reach level of 1315.45 and then start new correction towards level of 1295. Later, in our opinion, instrument may form another ascending structure with target at 1357.

RoboForex Analytical Department

Publication source
RoboForex information  RoboForex reviews

February 20, 2017
U.S. dollar attempts to post a recovery amid a slow trading day
The U.S. dollar is attempting to post some gains to build up from Friday's reversal. Price action has formed an inside bar among EURUSD and USDJPY which could indicate a potential breakout trading that could establish the near-term direction of prices...
February 20, 2017
FOMC & RBA February meeting minutes, key data in focus
In the US, the Fed will release the minutes of its February meeting. Markets will probably focus on any signals regarding the timing of the next rate hike...
February 20, 2017
EURUSD is having difficulties to go any higher
The dollar fell on Friday amid a light market due to US President's Day. Investors are monitoring the US political situation and waiting for a decision on financial aid to Greece...

FOREX.com Rating
XM Rating
Tickmill Rating
Orbex Rating
 FXTM Rating
EXNESS Rating

Anyoption Rating
Empire Option Rating
365BinaryOption Rating
OptionFair Rating
24option Rating
Binary Brokerz Rating