Article By RoboForex.com
Analysis for October 13th, 2014
EUR USD, “Euro vs US Dollar”
Euro has started forming the third ascending structure. We think, today the price may grow to reach level of 1.2790, form a consolidation range there, and form a continuation pattern. The target of the third structure is at level of 1.2970.
GBP USD, “Great Britain Pound vs US Dollar”
Pound has also started forming the third ascending wave. We think, today the price may grow to reach level of 1.6227, break it, and form a consolidation channel, which may be considered as a continuation pattern. The target of the third structure is at level of 1.6444. Later, in our opinion, the market may resume falling towards level of 1.6230.
USD CHF, “US Dollar vs Swiss Franc”
Franc has started forming the third descending structure. We think, today the price may fall to reach level of 0.9470, form a consolidation range there, and form a continuation pattern. The predicted target of the third structure is at level of 0.94. After the market completes a continuation pattern, we’ll specify the target.
USD JPY, “US Dollar vs Japanese Yen”
Yen is still moving inside the third descending structure. We think, today the price may reach level of 107 and then return to level of 108. Later, in our opinion, the market may continue falling towards the next target at 106.00.
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AUD USD, “Australian Dollar vs US Dollar”
Australian Dollar has started forming the third ascending structure. We think, today the price may grow to reach level of 0.8838 and then fall towards level of 0.8750. Later, in our opinion, the market may continue growing to reach level of 0.8940 and then start moving downwards to test level of 0.8750 from above.
USD RUB, “US Dollar vs Russian Ruble”
Ruble has started forming a descending structure. We think, today the price may form the first wave of this correction to reach level of 39.25. Later, in our opinion, the market may continue moving towards the first target at 39.81.
XAU USD, “Gold vs US Dollar”
Gold is still moving inside an ascending structure; the market has renewed the last week’s high and is expected to consolidate there. We think, today the price may continue growing to reach level of 1250. Later, in our opinion, the market fall towards level of 1235 and then move upwards to reach level of 1286.
RoboForex Analytical Department
Article By RoboForex.com
Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex LP bears no responsibility for trading results based on trading recommendations described in these analytical reviews.
