Analysis for February 10th, 2014
EUR USD, “Euro vs US Dollar”
Euro is still forming ascending structure. We think, today price may grow up to reach level of 1.3700, consolidate for a while, and then continue moving upwards to reach main target at level of 1.4100.
GBP USD, “Great Britain Pound vs US Dollar”
Pound is also still moving inside ascending structure. We think, today price may continue growing up to reach level of 1.6500, consolidate for a while, and then and then continue growing up towards target at 1.6680.
USD CHF, “US Dollar vs Swiss Franc”
Franc is still forming consolidation channel, which may be considered as continuation structure of down‑trend. We think, today pair fall down to reach level of 0.8900. Later, in our opinion, instrument may consolidate for a while and then continue moving downwards towards main target at level of 0.8300.
USD JPY, “US Dollar vs Japanese Yen”
Yen is growing up. We think, today price may break descending channel and start forming consolidation channel as continuation structure of up-trend. Target of this correction is at level of 104.00.
AUD USD, “Australian Dollar vs US Dollar”
Australian Dollar is still consolidating. We think, today price may break this consolidation channel downwards to continue falling down and reach level of 0.8840. Later, in our opinion, instrument may form another consolidation channel, break it downwards as well, and continue moving downwards to reach level of 0.8400.
XAU USD, “Gold vs US Dollar”
Gold is still moving inside ascending structure; market is under pressure. We think, today price may reach level of 1280. We should note, that current correction may yet continue and price may form another descending structure towards level of 1230. Later, in our opinion, instrument may start new ascending movement to reach level of 1360.
RoboForex Analytical Department