Forex Technical Analysis 19.09.2014 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD)

Analysis for September 19^th, 2014

EUR USD, “Euro vs US Dollar”

Euro is still consolidating. We think, today the price may reach a new low and then consolidate again to form a reversal pattern. The pair is expected to form a correction towards level of 1.3388.

GBP USD, “Great Britain Pound vs US Dollar”

Pound continues moving inside an ascending continuation pattern; the pair is still expected to move upwards to reach level of 1.6550. Later, in our opinion, the market may fall towards level of 1.6300 and then move upwards to reach level of 1.6550. Possibly, the pair may extend this wave and the local target will be specified as the price continues growing.

USD CHF, “US Dollar vs Swiss Franc”

Franc has finished a descending structure. We think, today the price may move upwards to reach a new high. Later, in our opinion, the market may consolidate and form a reversal pattern for a new correction, towards level of 0.9070 at least.

USD JPY, “US Dollar vs Japanese Yen”

Yen, being influenced by the fundamental background, has reached the main target of the growth. We think, today the price may form a consolidation channel and a reversal pattern. Later, in our opinion, the market may start a new descending trend; the first target is at level of 107.35.

AUD USD, “Australian Dollar vs US Dollar”

Australian Dollar is still consolidating near its lows. We think, today the price may reach a new low at level of 0.8910 or then continue falling towards level of 0.8800. An alternative scenario suggests that the market may expand this consolidation channel upwards to reach level of 0.9100.

USD RUB, “US Dollar vs Russian Ruble”

Ruble is still moving according to our scenario. We think, today the price may continue falling inside a consolidation channel towards level of 38.09. Later, in our opinion, the market may grow to reach level of 38.55 and then start moving downwards to break level of 38.00 and reach level of 37.60.

XAU USD, “Gold vs US Dollar”

Gold is still consolidating near its lows. We think, today the price may fall to reach level of 1208. Later, in our opinion, the price may form an ascending correction towards level of 1300 and then continue moving downwards.



 
RoboForex Analytical Department