Forex Technical Analysis 11.08.2014 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD)

11.08.2014

Analysis for August 11th, 2014

EUR USD, “Euro vs US Dollar”

Euro is trying to form another ascending impulse. We think, today the price may form a consolidation channel near level of 1.3400, leave it upwards, and reach level of 1.3450. Later, in our opinion, the instrument may return to level of 1.3400 and then start a new ascending movement towards level of 1.3480.




GBP USD, “Great Britain Pound vs US Dollar”

Pound reached the target of the extended structure of its descending wave. We think, today the price may form consolidation channel, break a descending channel, and form a reversal structure. It looks like the pair may start forming a new ascending wave to return to level of 1.700.




USD CHF, “US Dollar vs Swiss Franc”

Franc is still forming a descending impulse. We think, today the price may from another wave to return to level of 0.8980. Later, in our opinion, the instrument may form an ascending correction towards level of 0.9060 and then start another descending structure within the downtrend.




USD JPY, “US Dollar vs Japanese Yen”

Yen is returning to level of 102.70. After reaching it, the pair may start forming another descending structure with the target at level of 99.30.




AUD USD, “Australian Dollar vs US Dollar”

Australian Dollar is moving back towards level of 0.9297. After reaching it, the pair may start forming another descending structure towards level of 0.9222. Later, in our opinion, the instrument may start growing up to reach the target at level of 0.9510.




USD RUB, “US Dollar vs Russian Ruble”

Ruble is still forming a descending structure. We think, today the price may reach level of 35.67 and then move upwards to return to level of 36.10. Later, in our opinion, the instrument may start forming another descending wave to reach level of 35.60.




XAU USD, “Gold vs US Dollar”

Gold continues moving downwards to break level of 1300. We think, today the price may form a descending structure to reach level of 1275 and then return to level of 1300. Later, in our opinion, the instrument may start falling down again towards level of 1255.



 
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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