Forex Technical Analysis 27.08.2014 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD)
27.08.2014
Analysis for August 27th, 2014
EUR USD, “Euro vs US Dollar”
Euro continues falling; the market expanded its consolidation channel downwards again and reached a new low. We think, today the price may expand this channel upwards to reach level of 1.3280 and then form another descending structure to reach another new low.
GBP USD, “Great Britain Pound vs US Dollar”
Pound continues consolidating near the channel’s lower border. If the price breaks it downwards, the pair may reach level of 1.6470; it upwards – the market may start a correction towards level of 1.6650.
USD CHF, “US Dollar vs Swiss Franc”
Franc is trying to reach a new high. We think, today the price may reach level of 0.9186. Later, in our opinion, the pair may move downwards to reach level of 0.9130, consolidate for a while, and then form a reversal structure.
USD JPY, “US Dollar vs Japanese Yen”
Yen completed a correction towards the previous descending impulse. We think, today the price may form another descending structure to reach level of 103.57. Thus, the market is forming another structure inside the wave with the target at 102.87.
AUD USD, “Australian Dollar vs US Dollar”
Australian Dollar is still consolidating. We think, today the price may continue growing to reach this consolidation channel’s upper border at level of 0.9370. After reaching it, the market may start moving downwards to the channel’s lower border. If the price breaks the channel upwards, the market may reach the target at 0.9510; if downwards, the pair will be corrected towards level of 0.9150.
USD RUB, “US Dollar vs Russian Ruble”
Ruble is still consolidating; the market reached the channel’s lower border. We think, today the price may break it and then continue falling to reach level of 35.34. The market is expected to form a descending wave with the target at level of 34.70.
XAU USD, “Gold vs US Dollar”
Gold is still being corrected. We think, today the price may continue forming an ascending structure towards level of 1292. Later, in our opinion, the market may move downwards to reach level of 1260 and then start higher correction towards level of 1300.
RoboForex Analytical Department
Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.