Forex Technical Analysis 16.04.2014 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD)

16.04.2014

Analysis for April 16th, 2014

EUR USD, “Euro vs US Dollar”

Euro completed the first structure of correction. We think, today price may return to level of 1.3850. Later, in our opinion, instrument may continue falling down towards level of 1.3750.



GBP USD, “Great Britain Pound vs US Dollar”

Pound is forming ascending correction towards previous descending structure. Later, in our opinion, instrument may continue falling down towards level of 1.6640.



USD CHF, “US Dollar vs Swiss Franc”

Franc is correcting previous ascending structure. Later, in our opinion, instrument may form another ascending structure to reach level of 0.8835.



USD JPY, “US Dollar vs Japanese Yen”

Yen completed another wave of five-wave ascending structure. We think, today price may fall down towards level of 101.70 and then continue forming ascending structure to return to level of 102.70.



AUD USD, “Australian Dollar vs US Dollar”

Australian finished descending structure. We think, today price may return to level of 0.9395 and then continue falling down towards level of 0.9286.



USD RUB, “US Dollar vs Russian Ruble”

Ruble is moving inside the third ascending wave with target at level of 36.20. We think, today price may fall down towards level of 35.99 and then continue growing up towards above-mentioned target. Later, in our opinion, instrument may move downwards to form the fourth wave with target at level 35.77 and then start the fifth wave of this correction with target at level of 36.60.



XAU USD, “Gold vs US Dollar”

Gold finished descending structure, which may be considered as correction towards previous ascending wave. We think, today price may continue moving upwards inside the third wave to reach 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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