Forex Technical Analysis 09.09.2014 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD)

09.09.2014

Analysis for September 9th, 2014

EUR USD, “Euro vs US Dollar”

Euro is moving inside a descending channel. We think, today the price may extend this wave towards level of 1.2854 and then start a correction to reach level of 1.2988. This trading range may be considered as another consolidation.




GBP USD, “Great Britain Pound vs US Dollar”

Pound continues falling. We think, today the price may reach level of 1.6030 and then return to level of 1.6190. This trading range may be considered as another consolidation.




USD CHF, “US Dollar vs Swiss Franc”

Franc is still moving upwards. We think, today the price may reach level of 0.9388 and then fall towards level of 0.9280. This trading range may be considered as another consolidation.




USD JPY, “US Dollar vs Japanese Yen”

Yen continues growing. We think, today the price may reach level of 106.45. Later, in our opinion, the market may fall towards level of 105.50. This trading range may be considered as another consolidation.




AUD USD, “Australian Dollar vs US Dollar”

Australian Dollar couldn’t form an ascending structure and headed towards the lower border of its consolidation channel. We think, today the price may break level of 0.9270 and form a descending continuation pattern. The pair is expected to reach level of 9140 and, thus, complete this correction. Later, in our opinion, the market may return to level of 0.9300.




USD RUB, “US Dollar vs Russian Ruble”

Ruble is still consolidating. We think, today the price may fall towards level of 36.61. Later, in our opinion, the market may move upwards to reach level of 37.12 and then form a descending correction towards level of 35.05.




XAU USD, “Gold vs US Dollar”

Gold broke level of 1260 downwards and right now is forming a continuation pattern of the downtrend. We think, today the price may reach level of 1248 and then test level of 1260 from below. Later, in our opinion, the market may continue falling towards 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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