Forex Technical Analysis 19.04.2013 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, GOLD)

19.04.2013

Analysis for April 19th, 2013

EUR/USD

The EUR/USD currency pair completed a correction towards the previous descending wave. We think, today the price may continue falling down towards the level of 1.2980 and then start a new correction to reach the target at 1.3140. Later, in our opinion, the pair may form another descending structure to reach the level of 1.2940.



GBP/USD

The GBP/USD currency pair returned to the minimum of this correctional wave. We think, today the price may continue growing up towards the level of 1.5315 and then start forming the fifth descending structure with the target at 1.5185.



USD/CHF

The USD/CHF currency pair is forming another ascending structure. We think, today the price may reach the level of 0.9350 and then fall down towards the level of 0.9250. Later, in our opinion, the pair may start forming another ascending structure to reach the target at 0.9370.



USD/JPY

The USD/JPY currency pair continues moving upwards. This movement should be considered as a correction; the market need to reach the level of 98.90. We think, today the price may form a descending structure with the target at 96.80 and then start a new ascending movement to reach the level of 98.40. Later, in our opinion, the pair may continue falling down towards the level of 93.70.



AUD/USD

Australian Dollar is still moving inside a descending wave with the target at 1.0258; it is forming the last descending structure, the fifth one. Right now, the market is consolidating inside a narrow trading range close to its minimums. We think, today the price may fall down to reach the above-mentioned target and then start a new correction to return to the level of 1.0420.



GOLD

Gold continues moving inside the third ascending structure and forming a continuation pattern. We think, today the price may grow up a little bit to reach the target at 1446 and then start a correction towards the level of 1390. Later, in our opinion, the instrument may start forming the fifth ascending structure to break the target at 1455.



 
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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