Forex Technical Analysis 10.09.2013 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, GOLD)

10.09.2013

Analysis for September 10th, 2013

EUR/USD

Euro returned to the level of 1.3270. We think, today the price may consolidate at the current levels and then start falling down inside the fifth wave of this correction. The target is at 1.3080. Later, in our opinion, the pair may start forming a new ascending wave towards the target at 1.3600.



GBP/USD

Pound completed the first ascending structure inside the fifth wave. We think, today the price may start a correction and fall down towards the level of 1.5560. Later, in our opinion, the pair may form the next ascending structure inside this fifth wave; a predicted target is at 1.5800.



USD/CHF

Franc fell down towards the level of 0.9300. We think, today the price may form a consolidation channel at the current levels and then complete this correction by forming another ascending structure inside the fifth wave. The target is at 0.9470. Later, in our opinion, the pair may continue falling down.



USD/JPY

The USD/JPY currency pair continues moving inside a consolidation channel. We think, today the price may form a correction inside the fourth wave and reach the level of 98.00. The correction is expected to be quite wide.



AUD/USD

Australian Dollar extended an ascending structure. The pair is expected to start a deep correction. We think, today the price may start falling down towards the target at 0.8940.



GOLD

Gold started forming a descending structure, as the fifth wave. The target is at the level of 1345.55. Later, in our opinion, the instrument may start another ascending structure to reach the level of 1455.00.



 
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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