Forex Technical Analysis 11.07.2013 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, GOLD)

11.07.2013

Analysis for July 11th, 2013

EUR/USD

Euro was able to form an ascending wave. We think, today the price may return to the level of 1.2980. Later, in our opinion, the pair may start another ascending structure to reach the target at 1.3280.



GBP/USD

Pound left a descending channel and reached its local target. We think, today the price may fall down and return to the level of 1.5040. Later, in our opinion, the pair may start forming another ascending wave, the fifth one, towards the target at the level of 1.5365.



USD/CHF

Franc started a correction; the market has already reached its local target and right now is returning towards the level of 0.9540. Later, in our opinion, the pair may form another descending structure to reach the target at 0.9340.



USD/JPY

The USD/JPY currency pair continues forming a descending structure. We think, today the price may reach the level of 98.05 and then return to the level of 99.35. Later, in our opinion, the pair may start moving downwards to reach the main target of this wave at 97.15.



AUD/USD

Australian Dollar is still being corrected. We think, today the price may reach its local target at the level of 0.9385 and then move downwards to reach the level of 0.9240. Later, in our opinion, the pair may complete this correction by reaching the level of 0.9430 and then start falling down again towards the target at 0.8800.



GOLD

Gold continues moving inside an ascending structure. We think, today the price may reach the target at 1293, fall down towards the level of 1250, and then complete this correction by moving upwards and reaching the target at 1320. Later, in our opinion, the instrument may start a new descending movement towards the next target at 1150.



 
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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