Forex Technical Analysis 19.08.2014 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD)

19.08.2014

Analysis for August 19th, 2014

EUR USD, “Euro vs US Dollar”

Euro is still moving inside a consolidation channel near its lower border. We think, today the price may break level of 1.3410 upwards and then continue growing to reach level of 1.3440. Later, in our opinion, the instrument may form another consolidation channel to break this level as well and then continue moving upwards to reach level of 1.3475. The target of this whole structure is at level of 1.3500. After that, the market may fall towards 1.3440 and then start moving upwards inside the uptrend.




GBP USD, “Great Britain Pound vs US Dollar”

Pound is still moving inside a descending channel and forming a consolidation channel above the yesterday’s gap. We think, today the price may continue growing to reach level of 1.6774 and then form a descending correction towards 1.6700 to eliminate the gap. Later, in our opinion, the instrument may continue moving upwards to reach level of 1.6880.




USD CHF, “US Dollar vs Swiss Franc”

Franc is still forming a correctional structure. We think, today the price may reach level of 0.9076 and then start falling towards level of 0.9015. Later, in our opinion, the instrument may return to level of 0.9060 and then continue forming correctional structure towards level of 0.9000.




USD JPY, “US Dollar vs Japanese Yen”

Yen is moving upwards so far. We think, today the price may form another descending structure to break level of 102.00 and then reach level of 101.50. Later, in our opinion, the instrument may return to level of 102.00 and then continue moving inside the downtrend.




AUD USD, “Australian Dollar vs US Dollar”

Australian Dollar is still forming an ascending structure to reach level of 0.9340. After reaching it, the pair may fall towards level of 0.9290 and then continue moving inside the uptrend. Alternative scenario implies that the market may break the minimum. In this case, the instrument may continue falling down to reach level of 0.9150.




USD RUB, “US Dollar vs Russian Ruble”

Ruble is still falling. We think, today the price may form a descending wave to reach level of 35.17 and then return to level of 35.85. After that, the instrument may start forming another descending wave.




XAU USD, “Gold vs US Dollar”

Gold is under pressure and continues falling. We think, today the price may move downwards to reach level of 1288 and then return to level of 1303. Later, in our opinion, the instrument may start falling towards level of 1283.



 
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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