Forex Technical Analysis 26.09.2013 (EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, GOLD)

26.09.2013

Analysis for September 26th, 2013

EUR/USD

Euro is trying to start a new ascending structure, which may be considered as a correction towards the previous descending one. We think, today the price may complete this structure and then start falling down again towards the target at 1.3445.



GBP/USD

Pound s forming a correction towards the previous descending wave. We think, today the price may complete this ascending movement at the level of 1.6100 and then start moving downwards to reach the target at 1.5900.



USD/CHF

Franc is still moving inside its narrow consolidation channel; the market has already formed diamond pattern. We think, today the price may leave the pattern upwards to reach the target at 0.9195.



USD/JPY

The USD/JPY currency pair is expanding its consolidation channel upwards. We think, today the price may form an ascending structure to reach the top of the first impulse and then continue moving upwards towards the level of 100.60.



AUD/USD

Australian Dollar is testing a continuation pattern from below. We think, today the price may reach the level of 0.9390 and then start falling down towards the target at 0.9325.



GOLD

Gold is also expanding its consolidation channel upwards. We think, today the price may continue growing up. The main target is at 1390.



 
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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