Forex Technical Analysis 05.09.2014 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD)

05.09.2014

Analysis for September 5th, 2014

EUR USD, “Euro vs US Dollar”

Euro reached new lows again; the pair is under pressure and continues falling. We think, today the price may renew the current lows and start forming an ascending impulse. The pair is expected to form an ascending wave with the first target at level of 1.3130. Later, in our opinion, the market may form a correction towards level of 1.3030.




GBP USD, “Great Britain Pound vs US Dollar”

Pound reached a new minimum. We think, today the price may form an ascending impulse to return to level of 1.6470. Later, in our opinion, the market may start a new correction to reach level of 1.6380 and then continue moving upwards.




USD CHF, “US Dollar vs Swiss Franc”

Franc reached a new high. We think, today the price may start forming a descending wave with the target at level of 0.9166 and then grow to return to level of 0.9250.




USD JPY, “US Dollar vs Japanese Yen”

Yen also reached a new high. We think, today the price may form reversal structure for a new descending movement. The pair is expected to form a descending wave towards level of 103.87. Later, in our opinion, the market may return to level of 104.70 and then continue falling towards level of 103.00.




AUD USD, “Australian Dollar vs US Dollar”

Australian Dollar is still consolidating. We think, today the price may continue moving upwards to reach level of 0.9420. Later, in our opinion, the market may fall towards level of 0.9370 and then continue growing to reach level of 0.9510.




USD RUB, “US Dollar vs Russian Ruble”

Ruble is still forming the fifth structure of its descending wave. We think, today the price may finish this wave with the target at level of 36.60. Later, in our opinion, the market may form a correction towards level of 37.15 and then continue falling towards level of 34.70.




XAU USD, “Gold vs US Dollar”

Gold renewed its low again and reached the target of the decline. We think, today the price may consolidate and form a reversal structure for a new correction towards level of 1300. Later, in our opinion, the market may start forming another descending wave with the target at level of 1208.



 
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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