Forex Technical Analysis: EUR/USD, GBP/USD And More
RoboForex | Jun 19, 2014 07:45AM ET
EUR/USD is trading in ascending impulse. 1.3586 level is violated. For today we will expect bullish structure with 1.3660 as a target. After that correction to 1.3586 is possible. In case it happens, I expect possible ascending trend with 1.3850 as target.
GBP/USD is continuing to show bullish structure. For today we expect that 1.7070 level will be touched. After that correction to 1.7000 is possible. In case everything of described above happens, next scenario we will pay attention to will be ascending structure with 1.7115 as a target.
USD/CHF has violated 0.8960 level to the downside. Today I expect that descending impulse will be continued with visiting 0.8905 level. After that possibly we can see correction with target of 0.8960. After that downtrend might resume with possible target of 0.8800
USD/JPY had probably completed correctional phase, descending correctional channel was broken out to the downside. For today I expect descending trend continue with 101.00 as a projected target. In case it happens, correction to 101.70 is possible with test from below. After that I will expect trend to continue with achieving 100.50.
AUD/USD continues to move within bullish structure with 0.9465 as a target. After that I will expect development of more elongate correctional move up to 0.9270. In case it happens, another bullish structure might be initiated with achieving target 0.9485. Bullish structure will be completed in case everything of described above happens. Then I will pay attention to possible bullish scenario with 0.8400 as a target.
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USD/RUB Russian rouble is trading inside descending channel. We might see triangle inside of tapering trading range. I expect that first price can break out this triangle to the downside with visiting 33.94 as a target. After that price can grow up to 35.00. In case it happens, I will assume that price action may initiate another descending wave with 33.20 as a possible target. Correctional «flag» formation is to be completed in this case. As «flag» is bullish, therefore uptrend can resume with possible target of 38.50
XAU/USD (Gold) is continuing to develop within correctional phase. Lowest target for this correction is visited. I assume that this impulse may achieve 1281 as a target. After that downtrend can resume with possible target of 1208.
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