Forex Technical Analysis 07.04.2014 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD)

07.04.2014

Analysis for April 7th, 2014

EUR USD, “Euro vs US Dollar”

Euro is still moving inside descending structure, which may be considered as correction. We think, today price may return to level of 1.3750 and then continue falling down towards level of 1.3620.




GBP USD, “Great Britain Pound vs US Dollar”

Pound is still forming the fifth wave inside correctional flag pattern. We think, today price may return to level of 1.6620 and then continue falling down towards target at level of 1.6430.




USD CHF, “US Dollar vs Swiss Franc”

Franc continues forming ascending structure. We think, today price may fall down towards level of 0.8890, return to level of 0.8980, and then continue moving downwards to reach level of 0.8630.




USD JPY, “US Dollar vs Japanese Yen”

Yen is still forming the fifth wave inside ascending structure. We think, today price may move downwards to reach level of 102.97. Later, in our opinion, instrument may grow up towards level of 104.20 and continue falling down to reach level of 100.00.




AUD USD, “Australian Dollar vs US Dollar”

Australian Dollar is still consolidating at the top of its ascending wave. We think, today price may fall down to break minimum of this consolidation channel. Later, in our opinion, instrument may continue moving inside descending trend to reach main target at level of 0.8400.




USD RUB, “US Dollar vs Russian Ruble”

Ruble completed its correction. We think, today price may continue growing up towards level of 35.90 and then start moving downwards to reach level of 35.50. Later, in our opinion, instrument may start new ascending movement to return to level of 36.40.




XAU USD, “Gold vs US Dollar”

Gold is completing its descending structure, which may be considered as correction towards the first ascending wave. We think, today price may start growing up towards level of 1314 and then fall down to return to 1296. Later, in our opinion, instrument may start new ascending movement with target at level of 1357.



 
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.

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